Do you owe too much on your home and have a lack of equity? Are the Realtor fees a little too much for you to swallow? Do you have too much other debt to consider selling your house? Approaching foreclosure?
It seems like these terms and phrases are becoming more and more prominent in the every day dialogue of Americans. Times are tough for MANY people, it's true, but, there are some things you can do if you happen to find yourself in one or all of these unfortunate categories.
First you could take a long hard look at your Budget and see where you've been fudging a little bit and some things you could cut back on or cut out altogether. The difference might just be enough to get you through some of these tough months. OR you could use the difference to reduce the price of your house. In this crazy economy it may be just the thing you need to get your house sold.
Don't have a written budget? Maybe setting one up would help you find out exactly where you're over spending. If you're not sure on how to set up a budget there are some excellent resources on-line that are free and can get you started down the right path. Here's a good source. Also consider enrolling in a budgeting class held in your community. If applied properly a budget can help you get out from under a lot of that debt you may have built up over the years.
Try Flat Fee Listing. It's important to have your house properly marketed by a professional. It makes it "Findable" so to speak. Statistics show that most house sell through Realtors. If your house isn't in the MLS then for the most part nobody knows it exists. Now, there's a whole lot more that goes into marketing a house PROPERLY than just putting it in the Local MLS. We do all of them here at What If? Realty flat fee listing service AND tell you how to get the amount you spend up front BACK. But that's a whole different post. Just know that by paying a little up front, and, much less than normal on the back end you can reduce the price of your house significantly. Ask me how.
You could also consider a Lease-Purchase situation. It's not perfect but it is a solution for a lot of people right now. By putting someone in the house that will pay you rent NOW and buy the house in the future you free up most if not all of the money you were paying to the mortgage company. We can help you with this as well.
Whatever the scenario we would love to help you in any way we possibly can.
Original post at What If? Realty.com