There are 4 Things To Know About Selling Your Distressed Property. One option a homeowner has available as a resolution to at least partly cover remaining debts in this situation, is selling the home directly. Listing your home for sale can be burdensome, many owners of distressed properties find themselves feeling overwhelmed by the process. If facing the decision of selling your distressed property in Dolton on your own, the task can be daunting, to say the least. We can help you, sell to HUSTLE SOLUTIONS INC now and avoid wasting time, all of the inconveniences, and costly mistakes.
Distressed properties fall under one of three categories: foreclosure, short sales, or REO properties. Regrettably, the property can fall under foreclosure, due to failure to pay the mortgage or tax bills. Without any resolution being reached by the homeowner to rectify the past due to payments, a home could be put up by the lender for sale at a loss, or what is known as a short sale. If a home fails to sell at the foreclosure auction, it becomes what is known as a real estate owned or bank-owned property.
Should you find yourself in this situation, there are 4 things you’ll want to know about before selling your distressed property in Dolton.
Should the property sell for less than the lender is due, you’ll still be held financially responsible for the debt remaining on the mortgage, even after foreclosure. This is known as a deficiency balance, which quite often exceeds the value of the homeowners remaining assets and could well lead to having to declare bankruptcy. Even with a short sale, unless it is agreed to prior, you could still end up owing this debt.
Time is of the Essence
When it comes to taking action to ward off impending foreclosure, this isn’t the time to be indecisive. Don’t hide your head in the sand and hope your troubles will go away. There truly is no time like the present. When considering selling your distressed property in Dolton, don’t hesitate. The bank has a countdown going that will not stop and you’ll be losing time and likely money the longer your home sits unsold.
Non Cash Offers
When you are selling your distressed property in Dolton, you’ll want to forego working with buyers who have funds that are based on non-cash investments. Time isn’t on your side and sidesteps stalling the sale of your home until they’ve liquidated their assets. You’ll want to be sure that you are spending this precious time wisely and only working with qualified cash buyers.
Many of the houses we purchase are below market value . We are always looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold FAST, then HUSTLE SOLUTIONS may be your answer.
It cannot be overstated that setting the price of a property on the market in Dolton, is extremely important in accomplishing a quick sale. It takes a great deal of investigating to set the price correctly. You’ll need to understand the going rate on the current market, most especially for distressed properties, which often include repairs and other costs that aren’t associated with traditional home sales. Making an error on the asking price can cause the property to sit. That is the last thing you want when you’re facing the consequences that can come with going through foreclosure. You should be aware, when you are selling a distressed property, you can anticipate selling at below market value.
Listing a distressed property in Dolton on your own can be brutal! If facing the decision of selling your distressed property in Dolton on your own, the task can be daunting to say the least. Listing your home on the market is no guarantee that it will sell. Consider selling to HUSTLE SOLUTIONS INC directly instead and avoid all of the stress.
Selling Your House To A Reputable Local Property Buyer Like HUSTLE SOLUTIONS INC will be a painless transition.
We buy houses in and around Dolton IL, and can close quickly. In Dolton, the houses we buy, almost always need fixing up. There’s no need to worry about that. We’ve just about seen every kind of problem home.
If you want to sell your house and are curious on how the process works… and want to see what we can pay you for your house… you can get that ball rolling in a couple ways.
- Give us a call today at (708) 677-9635: We’ll ask a few basic questions about your house… and within 24 hours we’ll make you an offer on your house. No Obligation at all. If the price works for you. Great! We can close on your timeline… in as little as 7 days.
- Go fill out this really short and simple form with your basic house info: We’ll evaluate the property as soon as we get it today… then we’ll call you with a formal offer on your house in less than 24 hours.
It’s really simple. You pay no fees. No commissions.
We just agree on a price that works for both of us and that’s it.
We research the details of your home and start crafting a great offer for you.
GET YOUR OFFER
We present you with a fair cash offer with no obligation and no fees.
Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.