House Selling Tips - House Buyers Alabama: We Buy houses can mean that a real estate company will come and look at your home, give you documentation and an agreement to sign, and lock you into a period of time in which they have the right to attempt to sell your house. The period is usually six months. If you are unhappy with the results after that time, you can cancel their services and retain a different agent or take your home sale in a different direction altogether.
Another meaning for the phrase ‘We Buy Houses’ is when an investor is willing to take over your home sale for you, usually giving you a cash amount for it, while paying off your mortgage loan and reselling the house. This is variable according to the arrangement you make with them, but it is usually a much better and easier way to go if you must sell in a hurry.
Agents may be able to sell your house for you, but you will have to wait until the entire lengthy process is completed and they are then entitled to their commission, of course, for all their hard work. What if you can’t wait? You may be in the same position as many people are today. You might be just short of foreclosure and need to make a short sale to save your credit.
Investors usually advertise with the phrase ‘we buy houses’ because that is essentially what they do. You offer your home to them, they pay you for it, and you are out from under that foreboding mortgage payment you can no longer handle. If it’s a short sale you can often get approval from the bank to pay off your mortgage for less than you owe, or what the investor is willing to pay for the property.
With this option, your credit could be saved so you can start over and won’t have a foreclosure on your record. Many financial experts say that a foreclosure can be much worse on your credit record than even a bankruptcy. When you need to get a fresh start, that’s the last thing you want to happen. You’ll need to hold on to whatever good credit you have left.
|There are many reasons why you may have a house that won’t sell. We specialize in creating solutions that are win-win. Tax liens, over financed, too many repairs, estate sales, every situation is unique. We also want you to know there is something you can do that is far better than a FORECLOSURE… it is called a SHORT SALE.
We specialize in helping people during this difficult process. There are so many reasons why you may need to sell a house fast. What ever the reason, we can help, keeping your unique situation in mind!
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