TIPS ON SAVING HOMEOWNERS FROM FORECLOSURE
How to sell your House fast is an article on the HGTV website written by Tara Nicholle Nelson. Explaining Tips on how to sell your house fast when foreclosure is looming. “Nationwide the 289,116 properties with foreclosure filings in the first quarter of 2016 was 69 percent below the quarterly peak of 937,840 properties with foreclosure filings in the second quarter of 2009.” Statistics based off the highly know Realty Trac Website. If all the home-owners of the 289,116 properties foreclosed on have known of the powerful tips to save your home from the foreclosure process. It would totally be a smaller number of homes in 2016, and the homeowners wouldn’t of gotten a bang to their credit that follows from a successful foreclosure. As a seller, you control the only three factors that influence whether your home sells quickly: pricing, marketing and condition. Says Nelson going into depth explain 4 vital tips. Starting with Don’t try to salvage equity that does not exist. Asking yourself the question are you trying to eke dollars out of your home by holding out for the highest price, or are you trying to avoid the seven-year black mark that a foreclosure will leave on your credit report? Due to the how fast some the process can be depending how fast the county conducts a closure. It is obvious saving you credit would be more ideal. As difficult it may sound listing your home less than the right market value, it is best to have an eye catching offer to the home buyers searching for a home. To lessen the chance of the process to be successful; beating the time frame is very important. Don’t overprice your home. “Get clear about what you want. If you’d like to get your home sold, make sure you price it aggressively and that means low. If your home is overpriced, some buyers won’t even see it because it. Get real about what your home is worth will appear to be out of their price range.” Have your real estate agent prepare a Comparative Market Analysis that shows recently sold, similar homes in your neighborhood. If you’re serious about getting it sold fast, take the sales prices not the list prices from the most recently sold homes in your area, and then go down 10 percent or so from there to get your list price. Real estate may sound very discouraging to people, but it is definitely important to ask all the questions in the world to get the facts on your home that you’ve worked hard for especially if facing a foreclosure. Last but not least make sure you have an accurate understanding of how low you can go. A buyer is not going to pay a premium price for your home just because that’s what you owe. If you owe more than your home is worth, give your lender a ring, complete a short sale application, see How to Get Your Lender to Agree to a Short Sale, and ask your lender to give you some indication of how low a sale price they will accept.