Selling a Home Quickly: A Dream, or Reality?

When you need to sell your home quickly, you may feel like your options are limited.  Outside factors can contribute additional stress to your situation.  This is not a situation you want to enter into alone.

Here is a quick look at some numbers.  Zillow reports that homes listed on the site take an average of 87 days to sell.  That means you could be responsible for three additional mortgage payments before a buyer comes along.  CoreLogic reports that there were 469,000 foreclosures on the market as of July 2015.  That number is less than in previous years, but it is still very high.  Your chances of avoiding a foreclosure will increase if you keep your options open.  Consider these alternatives to sell your home quickly.

Fast Cash Sale

This is the fastest way to sell your home because there is no waiting for buyer financing to be approved by a third-party.  Buyers are typically investors who will cover all extra expenses associated with the transaction, leaving you free and clear of your mortgage.  This works best if there is some equity in the property.

Auction

An auction sale is another way to sell your home fast.  You will need to factor in several fees before making sure this will be profitable for you.  A good auctioneer can sell your home for well above the reserve price (usually 70% of appraised value) and any profit after your fees are paid goes back to you.

Short Sale

This is a good option for a home that is under water, meaning you owe the bank more than the property is worth.  Through negotiations with your lender, you can avoid a foreclosure and walk away from the property without owing additional funds.  The disadvantages to a short sale are that it will affect your credit (negatively) and the process can be lengthy.  

We Buy Your Austin Home can explain your options to sell your home quickly in further detail.  We also have several more scenarios for you to consider - all of which will help you sell your home fast and avoid foreclosure.  Our team of professionals is standing by - contact us today.