Homeowners approach different methods of selling their homes if they want to relocate quickly or if they are facing foreclosure. Many companies are available to help the property owner sell their home including an investment company or a real estate agency. By weighing their options, the homeowner determines what choice is best for them.
What Happens During a Foreclosure?
If the property enters into foreclosure, the property owner may have to vacate the property within as little as 30 days. They have the option to catch up their payments before the property goes to auction. If the homeowner doesn’t catch up on the payments, they have the option to buy the property through the auction. However, even if they buy the home through the auction at a cheaper rate, the homeowner is still responsible for any outstanding mortgage balance.
After a foreclosure, the property owner cannot buy another home for at least five years, and the foreclosure will damage their credit. It may take years to improve their credit scores.
What Is A Quick Sale?
A quick sale is managed through a real estate agency, and the property owner lists the property through the agency. The real estate agent makes arrangements to present the property to investors in their network. While it is a fast way to sell a residential property, there is no guarantee that an investor will buy the home in the allocated amount of time. The property could stay on the market for years before the homeowner gets an offer.
Why Is Hiring A Real Estate Agent Not Always the Right Move?
When selling their home, homeowners often list the property through a real estate agent. On average, the real estate agent earns about 6% commission from the sale of the property if they are both the listing and selling agents. The commission comes out of the total amount the property sold for, and the commission is deducted before the seller gets their payment. If they are responsible for closing costs, these costs will come out of their payment, too.
What Other Options Does the Owner Have?
The property owner has the option to transfer the title to their family member if they aren’t in foreclosure. However, any remaining mortgage balance will need to be paid off before the family member gets a new deed. This is an option if the property owner is still lucid and wants to move to a smaller property or if they must enter into a nursing facility.
Where to Get Help
RealtyZoom presents great opportunities for homeowners who want to sell their homes quickly. They can purchase the property outright or make arrangements to sell the property to their network of investors. The investors visit the home and take a look around with the Local we buy houses company. Next, they present an offer to the homeowner. If the homeowner accepts the offer, the balance of their mortgage is paid off with the money, and all leftover funds are transferred to the homeowner’s bank account. Homeowners who want to learn more about the process get started by visiting https://www.realtyzoom.com/ now.
Homeowners need clear solutions when selling their homes. An investment company that purchases real estate could help homeowners sell the property quickly. They can also connect the homeowner with investors who want to buy a home fast.
Media ContactCompany Name: RealtyZoomContact Person: Ryan CallEmail: Send EmailPhone: 760-888-6406Country: United StatesWebsite: https://www.realtyzoom.com/
