The housing market in certain areas of the country is presently very strong. The price of a home in the Connecticut area has been growing at around 2% each year for the past decade. During the following years, this trend of growth is expected to continue. If you are a homeowner looking to sell your property instead of employing a real estate agent, there are several reasons why doing so may be beneficial. Let’s take a look at some of those possibilities.
Your Home Requires Some Repair, But You Are hesitant to borrow money to make it better.
A house repair is costly. A renovation will cost between $15,000 and $200,000 to $240,000 (full-house makeover). Some people may take out a second mortgage to pay for a home makeover. Other people may look for other methods of financing. Instead of borrowing money to repair your present property, you might sell it quickly and receive a larger down payment for your next one.
You Need To Address Financial Issues That You Want To Fix
Surprisingly, only 1.16% of housing units in the United States go into foreclosure each year on average. Financial difficulties do occur. According to one survey, 12 percent of single-family houses in the United States are behind in their payments. This number is typically a bit higher with manufactured homes (28%).
If you have a large financial burden and need to sell your house, The Property Warehouse can assist. You’ll be able to get into a cheaper housing situation and avoid being sued or bankrupt if you sell your home quick and for cash.
You May Not Be Able To Get A Loan For Your Home Anymore Due to Bad Credit or Financial Struggles
It is not possible sell your house without a bank loan in many cases because of the way that property title works. However, it may be possible to sell your home quick if you have bad credit or financial problems. You can sell your house fast with no money out of pocket when you work with us!
We will buy houses regardless of an owner’s situation including owners who are behind on payments, owe taxes on their properties, inherited unwanted homes from deceased loved ones, need to sell a vacant property quickly or even own a vacant lot they don’t want anymore!
You’ve Inherited a Home That You Don’t Want To Deal With
You may be inheriting a variety of additional difficulties that you don’t want to deal with whether you’ve been given a house or not. Here are some of the problems that people commonly experience as they inherit a home, whether they choose to reside in it or rent it:
- If a family home is not free and clear of debt, you may be required to pay off an existing mortgage.
- It’s possible that your house isn’t in excellent physical shape, and you may wind up spending more to repair it than it’s worth.
- If there is no grandfather clause in your neighborhood, you may end up having to repair an inherited property if you rent it.
- You may wind up spending more money if you rent the house, particularly if you don’t want to handle property management and maintenance costs.
- Depending on where you live, there may be other “sunk costs” in an inherited home; property taxes, city expenses, and other fees are all possibilities.
- If you sell your home quickly and receive a larger down payment for your next one, then you can avoid many of these problems.
Look no farther than The Property Warehouse if you’re trying to sell your house. We can provide a quote on your property in under 24 hours, and we’ll have it sold for you in as little as 7 days.