166. 4 Things To Know About Selling Your Distressed Property in Houston

      “No consigo vender mi casa en Houston”… Esa es la realidad y preocupación de muchas personas que nos han contactado y han encontrado en nosotros, una mano amiga. Luego nos dicen que somos los mejores compradores de casas en Houston, porque compramos casas en Houston tal como están, ahorrándoles tiempo dinero y esfuerzo en evitar hacer reparaciones. Además, cerramos en la fecha que necesites y para saber que otros beneficios y opciones podemos ofrecerte, solo llámanos hoy mismo al 713-367-1881

One option a homeowner has available as a resolution to at least partly cover remaining debts in this situation is selling the home directly. Listing your home for sale can be burdensome, many owners of distressed properties find themselves feeling overwhelmed by the process. If facing the decision of selling your distressed property in Houston on your own, the task can be daunting, to say the least. We can help you, sell to Compramos Casas Texas now and avoid wasting time, all of the inconveniences, and costly mistakes.

Distressed properties fall under one of three categories: foreclosure, short sales, or REO properties. Regrettably, the property can fall under foreclosure, due to failure to pay the mortgage or tax bills. Without any resolution being reached by the homeowner to rectify the past due to payments, a home could be put up by the lender for sale at a loss, or what is known as a short sale. If a home fails to sell at the foreclosure auction, it becomes what is known as a real estate owned or bank-owned property. 

Should you find yourself in this situation, there are 4 things you’ll want to know about before selling your distressed property in Houston. 

Holding the Bag

Should the property sell for less than the lender is due, you’ll still be held financially responsible for the debt remaining on the mortgage, even after foreclosure. This is known as a deficiency balance, which quite often exceeds the value of the homeowners remaining assets and could well lead to having to declare bankruptcy. Even with a short sale, unless it is agreed to prior, you could still end up owing this debt.

Time is of the Essence 

When it comes to taking action to ward off impending foreclosure, this isn’t the time to be indecisive. Don’t hide your head in the sand and hope your troubles will go away. There truly is no time like the present. When considering selling your distressed property in Houston, don’t hesitate. The bank has a countdown going that will not stop and you’ll be losing time and likely money the longer your home sits unsold.

Non Cash Offers

When you are selling your distressed property in Houston, you’ll want to forego working with buyers who have funds that are based on non-cash investments. Time isn’t on your side and sidesteps stalling the sale of your home until they’ve liquidated their assets. You’ll want to be sure that you are spending this precious time wisely and only working with qualified cash buyers.

Assessing Price

It cannot be overstated that setting the price of a property on the market in Houston, is extremely important in accomplishing a quick sale. It takes a great deal of investigating to set the price correctly. You’ll need to understand the going rate on the current market, most especially for distressed properties, which often include repairs and other costs that aren’t associated with traditional home sales. Making an error on the asking price can cause the property to sit. That is the last thing you want when you’re facing the consequences that can come with going through foreclosure. You should be aware, when you are selling a distressed property, you can anticipate selling at below market value.

Listing a distressed property in Houston on your own can be brutal! If facing the decision of selling your distressed property in Houston on your own, the task can be daunting to say the least. Listing your home on the market is no guarantee that it will sell. Consider selling to Compramos Casas Texas directly instead and avoid all of the stress.

If you need help selling a distressed property in Houston, reach out to us to find out what we can offer you! 713-367-1881

   ¡Estamos aquí para ayudarte! ¿Quiénes somos?… Los mejores compradores de casas con problemas en Houston y en todo Texas. No importa la condición de la casa, ni la situación por la que estés pasando, nosotros te ayudamos y compramos tu casa cash en Houston. Y si quieres vender rápido una casa en Houston, nosotros tenemos el dinero para cerrar en el tiempo que nos digas. Simplemente completa el siguiente formulario para que te demos una oferta justa ¡hoy mismo! 

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