5 Tips To Help You Sell A Distressed Property Quickly
A distress property is a property that must be sold due to threats of foreclosure. The reason these properties must be sold fast is because the homeowner has failed to make their mortgage payments and as such the bank is close to or has already taken the house.
We at Gateway House Buyer, the premier cash home buyers in Clarksville TN understand the need to sell your home fast during such situations and not only will we buy your property we will also buy it in cash.
To find out how you can expedite the process read the 5 tips we recommend to all property owners.
5 Tips To Selling A Distress Property Quickly
If you need to sell your home fast in Clarksville TN, but have no clue where to start, don’t worry you are not alone, here are some tips to sell your property as fast as possible.
1. Know The Value Of The Property
With a distressed property the only thing people are concerned with is selling the property fast and yes speed is a must with this sort of property, but sometimes going too fast can be a bad thing.
Before you sell your property it is always a good idea to get your property appraised. This not only gives you an idea about how much your property is worth it also makes sure that no one is taking advantage of you.
2.Should You Fix Or Sell It As It Is
Depending on the situation the answer to whether you should fix or sell will fluctuate. If you need to sell your property due to financial problems then the property is more than likely in good standing so spending money to upgrade the property might not be the best idea.
If the property is more run down due to vandalism or structural damage than it might be a good idea to fix up the property. This also makes sure you can get the property appraised because if there is too much damage it makes the appraisal process impossible.
3.Sell To Cash Buyers
Mortgage buyers especially for someone who owns a distressed property is not an option. Not only do most properties in distress have difficulty qualifying for a mortgage, these mortgages also tie up your money for several months, not what you want when you are about to lose your home.
Luckily we at Gateway House Buyers, the top cash home buyer in Clarksville TN understand the necessity to sell your property fast. After we have purchased your property we guarantee you cash in as little as one or two weeks.
4.Verify The Buyer
Not all property buyers are the same. Most sellers feel uncomfortable or are afraid to ask the buyer for financial verification, but it is imperative that you are sure that the buyer can actually purchase the property. In doing so you are saving yourself from unnecessary stress and from dealing with untrustworthy buyers.
5. Be Honest About The Property
This last step is the most troublesome. Sellers are afraid that the buyer will back out of the deal when they hear about all the issues with the house, so more often than not sellers choose to omit a lot of information from their buyers. This however can create further problems down the road, leading to the client canceling the contract or possibly even a lawsuit.
5. Be Honest About The Property
Gateway House Buyers are true professional, real estate buyers who are dedicated to making the whole house selling process as fast and stress free as possible.
If you are interested in selling your home fast in Clarksville TN, then contact us now and find out why we are the best real estate buyers in Clarksville.