Sell Your Home and Avoid Foreclosure

FACING FORECLOSURE

If you’re facing the possibility of foreclosure, selling your home may be the best way to avoid it. Foreclosure can be a devastating experience, but with the right planning and action, it doesn’t have to be.

SELL YOUR HOME?

When it comes to selling your home to avoid foreclosure, timing is everything. You need to be realistic about the market and what your home is worth. Work with a real estate agent to get an accurate market value for your home. This will help you set a realistic price when you list your home.  If your home is not in the best of shape, putting it on the market with an agent could be costly and time consuming.  Repairing the roof can easily cost $10,000 or more unless you can file a claim with your insurance company for storm damages.  Even then you will most likely have to pay a deductible.   Another option to consider is selling AS-IS, meaning no repairs have to be done.  Consider the equity in the home before making the decision.   With a good amount of equity you can expect to receive a check at closing.  Talk to your mortgage company to get assistance with your options.  

MARKETING YOUR HOME

It’s also important to be proactive in marketing your home and attracting potential buyers. You’ll need to make sure your home is in good condition and properly staged. You should also consider offering incentives, such as closing cost assistance, to help attract potential buyers. Once you’ve listed your home, you’ll need to be ready to act quickly.

TAKE ACTION

You may be able to negotiate with your lender to give you more time to sell your home, but you should be prepared to move as quickly as possible to avoid a foreclosure on your credit report. Selling your home can be a daunting task, especially when you’re facing foreclosure. However, with the right planning and action, you can avoid foreclosure and get back on track financially.  To get more info about selling your home AS-IS click SELL MY HOUSE.