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Need to sell house within a few months any ideas? - Frankie - 11-18-2012 01:02 PM
My husband just got offered a job in another state and we want to move there. The only problem we have is we need to sell our house. We just moved in a year ago and still owe $116,000 on it. Has anyone ever used the people who buy your house for cash? Can you tell me how that works or give me some ideas to sell fast? Thank you.
we live in Missouri.
- Roderick - 11-18-2012 01:10 PM
The quickest way I know would be to seller finance your home. If you need some more info visit my website, and look at the articles/report section on seller financing. Maybe that well be a great way for you to
go. http://www.cash4cashflows.com/rparker17
- michael s - 11-18-2012 01:10 PM
As a real estate investor I can tell you the signs that say "Cash for Homes" are looking to buy low. They get lots of leads and throw offers @ $.50 to $.60 on the dollar. I would not go that route.
I am assuming that your house is just above or at the $116,000 price. There are two things to remember with a quick sale. price or terms. To attract buyers you either price your house below the market or you offer terms to the buyer. Pricing the property 10% below the listing of property like yours for the market will attract buyers because of price. Your property should be equal of better in quality also.
You could also offer terms to the buyer. This way you make it easier for the buyer to make the purchase. With this option you have to ask yourself if you need your cash from the house for a new house in the new location. If you don't this may be an option. You could offer owner financing or lease purchase option. (see youtube link in reference source)
Other questions to consider is how are you going to sell the house: yourself or with a realtor. Think this through carefully. Selling yourself can save you money but it can take longer and it eliminates 95% of the buyers. Because most buyers go through a realtor to buy a house. Selecting the right realtor can save you money. But be selective before you sign. Do not go for the first agent that comes and tells you that your house is worth $150,000. Ask them to provide back-up for the listing price. It is OK to question them. A good agent will not have a problem with you checking up on them.
Market the house everywhere. A sign in the front; fliers in the neighborhood; on craigslist.org; twitter it; post if on facebook; post it on MLS (if with agent) or flat fee listing on MLS. Number one rule to selling quickly is marketing and flexibility.
Good Luck,
Mike
http://www.TwoAveragejoes.com/blog
- Chris - 11-18-2012 01:10 PM
Another thing to do is find out if the loan is assumible, all FHA loans are and some conventional loans are. Might be another selling point that you can use.