Options On Selling Your House Quickly

Whether you want to sell your house for cash or you are avoiding foreclosure or you

are looking at better home in a better neighborhood in Phoenix AZ, there are always options on how you can sell your house.

One option is selling your house without a Realtor. This method may be cheaper since you will not have to pay any fees or commissions, but can be very time consuming. Realtors have contacts for motivated buyers and access to other Realtors with buyers. Plus, they can list your house on the Multiple Listings Service, which is the best source for finding buyers. Also, you may need to take time off work to be available when someone wants to view your house or property. While you may save money in commissions selling the house yourself, you could lose that financial advantage if you don't sell quickly as holding costs will cut into your profit.

But what do you do if you owe more on your house than it is worth and you are behind on payments? If your home is facing foreclosure, a short sale is also an option you can look into. A short sale is when you "short" a bank on the amount due on a mortgage. It is when the bank agrees to give the new buyer a discount of the loan balance if this owner owes more on the mortgage than the property is worth. This is normally done if the property owner is behind in his mortgage payment and owes more than that property is worth. An investor will usually purchase this property for the bank, renovate the property and sell it for a profit.

If you are looking at a possible short sale for your property, it is important that you deal with highly experienced professionals or institutions. A short sale will involve negotiating with your bank, so experience plays a role in this. It is also important that you deal with a company that is accredited by the Better Business Bureau and professionals licensed in these kinds of dealings.

by: Curt Maly

POST COMMENT

Real Estate In The Current Housing Market Things to Prevent When Promoting Your Lake Minnetonka Household When Is Selling Your House To A Real Estate Agent A Good Idea Download Winning Eleven 2010: Aoki Samurai no Chousen PSP Game From PSP Games Membership Website Watch Desperate Housewives Season 7 Episode 1 How To Make Your House Stand Out In A Tough Market The Terrific Fire Place Available for The House And To Keep The Loved Ones Comfortable Watch Desperate Housewives Season 7 Episode 1-Remember Paul? How You Can Stop Foreclosure Fast With Help From We Buy Houses For Cash You Can Indeed Sell A House That You Do Not Own How To Celebrate The Holidays With A Doll House Christmas Ways That You Can Sell A House Quickly A Cautionary Tale For House Price Rises