Top Reasons Why People Sell A House
Top Reasons Why People Sell A House
Most Homeowners face the question of selling their home, and as we’ve detailed in other blog posts, the process of selling a home can be made easy or hard depending on how the homeowner chooses to sell the property. But, now it’s time to go over the reasons why someone will choose to sell their home.
So, why does someone want to sell their home?
The truth is that there are a multitude of reasons as to why you might be looking to sell your house. That said, let’s start by giving you a breakdown of the most usual reasons why someone like you might want to sell their home.
Family has Grow – First-time home buyers often outgrow their starter homes. Many families realize that as time goes by and their family and kids grow they need a larger home. A significant portion of homes sold annually is because of this reason.
Made a Mistake – The second biggest reason why people decide to sell their house is because they simply made a mistake at the time of purchase. Frankly, this is far from an uncommon reason, maybe the homeowner thought they could get by without a small backyard, or at first they were okay with not having a pool, or perhaps they just made a poor choice at buying the home. Whatever the reason, homeowners might believe they made a mistake when purchasing their home and want to sell the house.
Financial Reasons – Another come reason why a homeowner would want to sell their home is that of financial reasons. Some might just want to cash in on their equity, maybe the house has increased in value, maybe it’s too costly to maintain the home and they choose to sell it instead, and in some cases they choose to sell in order to avoid foreclosure as we’ve discussed on one of our prior blogs.
Moving to a New City – Another reason why a homeowner would like to sell their home, is because of a work-related relocation that makes it necessary to sell the home. And it doesn’t have to be a full-fledged move to another town or state. Many people draw the line at a commute that exceeds a certain distance, especially if it means driving in heavy traffic.
Divorce – Life happens, a reason some homeowners would like to sell their home, is because of a divorce that makes it necessary to sell the home in order to divide assets.
Whatever the reason, it’s time to sell.
Let’s put it simple, sometimes life just changes. Whether it is moving away in search of a new job, or adventures, or maybe your kids have grown and now you’re an empty nester the house just seems too big, maybe you’re going through a divorce, perhaps you are ready to retire in a far-away town, or maybe you just grew tired of the home and are ready to make a change.
Whatever the reason, it is time to sell and we are here to help with our direct cash buyer option, to help you sell your home in a matter of days and not months.
So, How do you Sell to a Direct Cash Buyer?
You’ve read the reasons, and you’ve come to the conclusion that it is time to sell your home, or maybe you already had made a choice and you were simply looking for an alternative to selling your home the traditional way as a way of reducing lengthy and costly process, filled with stress and so much more. So, you want a faster, more efficient, and ultimately a quicker way of selling your home; That’s when we come in place to help you! A benefit of working with us, is that we’ll be ready to buy your home right now, and you won’t have to go through that lengthy process, or be concerned about getting a buyer.
So, what are the steps of selling your home to us?
- Fill up the form on our site, this will give us a little bit of information about the house’s location and what condition it is
- We will call you to set up an appointment, go more in depth into the property’s condition, how quick you can move, and all the tiny but important
- Between 24 hours we will present you with a fair price, cash offer, that you deserve for your house.
- Remember that average 65 to 93 day waiting time for a sale? Not with us, you can expect to have the amount in cash in your hands within 7-10
At House Liquidators Us, we make the process of selling your home as quick and hassle-free as we can. Our mission is to help the people we make business with sell their house for the fairest offer possible and in the quickest time. We’ll make sure to take the stress off your shoulders.
We are all well aware of the hardship that the Covid-19 pandemic has brought in for homeowners and the sometimes inevitable fact of getting behind on mortgage bills and having to deal with the obscure reality of foreclosure. Let’s face the reality, unless you are an attorney it is hard to understand what a foreclosure truly entitles and what your options are to avoid a lengthy and even more damaging legal battle with your bank .
What is Foreclosure ?
You might be wondering what exactly is foreclosure and how it affects you. Well, foreclosure is a process, not just a word. Foreclosure is often misused by homeowners who think that lenders foreclose on them, when in reality foreclosure is a series of events where the lender foreclose on the property .
How Long is a Foreclosure ?
The exact time varies significantly and is determined by states. However, foreclosures typically have six phases to its process.
Phase I – Payment Default. A payment defaul t happens when the property owner has missed at least one mortgage payment.
Phase II – Notice to Default. This notice is typically sent after 90 days of missed payments, at this point the lender will hand the loan to their foreclosure department.
Phase III – Notice of Trustee’s Sale. This next step happens an additional 90 days after the notice to default was sent.
Phase IV – Trustee’s Sale . This is when the property is put on for public auction and will be granted to the highest bidder.
Phase V – REO . Otherwise known as Real Estate Owned , this means that the property was not sold at public auction , therefore the property becomes owned by the lender .
Phase VI – Eviction . The borrower is oftentimes allowed to remain at the property until it is sold either via a public auction or after when it is REO . Once the property is sold the borrower will get a notice of eviction , which will demand for them to vacate the property usually within 14 days.
Sell when Foreclosure is Looming
There is one way to avoid the lengthy and stressful process of foreclosure , sell your property immediately if you think you are at risk of foreclosing .
That said, putting your home for sale in a rather saturated market can be hard and lengthy and the chances of you being able to sell the home before it becomes foreclosed become quite slim. You also have the option of marketing your home significantly cheaper than the average homes near you in what is called a short-sale , but even with this option that lender might not be too knee to losing money . As we discussed on a prior blog the process of selling traditionally is lengthy, traditionally selling a house takes on average anything between 65 and 93 days according to data gathered by Zillow . Additionally, as the seller you’ll be paying fees to a real estate agent in a time when you are already struggling financially.
Sell to a Direct Cash Buyer
When you are at risk of foreclosure and trying to avoid the process of it, and also the risk that this will impose in buying a home later in the future, you want to sell and you want to sell quickly! So, let’s take a look at how you can sell your home before your lender moves forward with a foreclosure .
How do we help you sell your home before a foreclosure ?
You have probably reached the conclusion that selling your home before a foreclosure is the best option you have, after all a foreclosure can take a long time, incur in great damages to your credit score and your ability to finance a home in the future, and put you at even higher stress levels on an already stressful moment in your life. A benefit of working with us, is
that we’ll be ready to buy your home right now , and you won’t have to go through that lengthy process, or be concerned about getting a buyer .
So, what are the steps of selling your home to us?
1. Fill up the form on our site, this will give us a little bit of information about the house ’s location and what condition it is in.
2. We will call you to set up an appointment, go more in depth into the property’s condition , how quick you can move, and all the tiny but important details.
3. Between 24 hours we will present you with a fair price , cash offer , that you deserve for your house .
4. Remember that average 65 to 93 day waiting time for a sale? Not with us, you can expect to have the amount in cash in your hands within 7-10 days.
At House Liquidators Us, we make the process of selling your home as quick and hassle-free as we can. Our mission is to help the people we make business with sell their house for the fairest offer possible and in the quickest time . We’ll make sure to take the stress off your shoulders.