When You Need to Sell Your Home
In cities and towns across the country, the majority of people in the housing market are looking to buy. Housing inventory is currently the topic of many news articles on today’s platforms, and when it comes to buying a home, everybody wants to do it as quickly as possible. What if you’re interested in selling your home, though? There are plenty of situations where selling a home is necessary and needs to be done with haste.
Needing to sell your home as quickly as possible isn’t as rare a situation as you think. Plenty of people have, for some reason or another, found themselves needing to unload a property. Whether you’ve inherited a late relative’s home and you don’t want it, or you’re in the middle of a divorce and selling your home is one of the conditions that must be met. Maybe your home needs more repairs than you can cover, or you’re facing a foreclosure and want to get out of it while you still can. Whatever your reason, whether you have a distressed home, have had a death in the family, or anything else, you need to sell your home and you need to sell it fast.
Foreclosures and How They Occur
If you’re facing a foreclosure on your home, you’re likely looking for any solution you can to stop it from completing the process. Things happen, and sometimes the unpredictable issues can interfere with finances. For whatever reason, you may have fallen behind on your mortgage payments. Once that starts happening, it becomes difficult to catch up, and before you know it, you’ve received a foreclosure notice. You might be wondering how you can prevent foreclosure from ruining your financial future if you’ve missed enough payments and your lender has already filed a public notice.
You’re not alone in this, being that one out of 200 homes gets foreclosed on in the United States. Like many other Americans, you might have passed the grace period for paying the balance you owe on your mortgage. If this is the case, you’re probably considering a short sale to get out of debt. Because short sales immediately remove the home as your responsibility, they’re oftentimes the solution borrowers opt for when determining how to stop foreclosure. There are companies all over the country that are designed to buy houses to help people escape foreclosure.
The Eviction Process
You might have an additional home that you’ve rented out for passive income, and due to factors out of your control, you’re tired of being a landlord and would like to sell the home. If the property is not currently vacant, the issue arises where you need to remove the tenants in order to sell the home. If the tenants are part of the reason why you’re looking to sell the home in the first place, you might be in luck. States vary in their laws regarding how to evict non paying renters, but generally, lease violations like non-payment allow landlords to terminate the rental agreement if the issue is not remedied in a timely manner (typically 3-30 days).
The eviction process can be tedious, depending on local laws. Landlords are required to give notice and allow the tenants a certain number of days to find a new residence. While sometimes this is the end of the matter and the tenant will simply find a new place to live, this is not always the case. The eviction process can take anywhere from 30 days to several months and can end up being more trouble than it’s worth for a landlord. In any case, it’s understandable to want to get rid of the property after an eviction.
Selling Your Home Fast
No matter your situation, whether it’s foreclosure, homes in distressed condition, divorce, or death, there are ways to rid yourself of your property relatively fast. If you’d like to receive cash for your home and peace of mind at being able to step away from an unfavorable situation, it’s important to research your options. This way, you can ensure that you’re making the most informed choice to benefit you and your financial future.