If you need to sell your property within the shortest time possible then consider using a quick house sale company and getting a we buy any house quote from a genuine cash buyer. For starters, quick house sale companies usually buy your property or they will quickly identify a third party buyer and pay cash for your property.
This is mainly because this option is preferred by people who need to dispose of property fast for various reasons that include avoiding repossession and buying their dream home hence need to access money quickly. Being forced to sell your home can be traumatising especially if you suspect that you have been treated harshly. Consequently, contacting someone like a Denver foreclosure lawyer might provide you with further guidance on this subject matter.
Even then, you need to keep in mind the when you sell your property through a quick house sale you cannot sell it for its full market value.
Challenges of a Quick House Sale
Although a quick house sale is meant to help you resolve your financial issues fast, sometimes this may not work due to challenges that you will encounter through the sale process.
Some of the downsides of using a quick house sale company to sell your property fast include the following:
- The fee structure may not be made clear to you especially from companies that are dishonest. Thus, they will impose hidden fees and even go to the extent of blocking the sale until you pay them.
- In some instances, some quick house sale companies may agree to buy your house for an agreed amount but later reduce the price at the last minute.
- Some of the quick house sale contracts may tie you in the sense that you will not be able to sell to anyone else that might dangle a better offer before you.
- There are quick house sale companies that will make a false valuation of your property so that they pay less for it despite the selling price being much less that the price of the property on the property market.
- Some of the companies will offer you contracts with very harsh penalties that prevent you from leaving.
Quick house Sale Alternatives
So then, should you sell your property using a quick house sale firm? Before selling your property to a quick house sale company, it is important that you take into account all the options at your disposal. In fact, some of the options might see you keep your property until such a time when you can sell it off at a better price.
- Negotiating with your mortgage lender. If your motivation of selling your property is because of the difficulty you have in keeping up with the mortgage payments, perhaps you may want to consider talking to your mortgage lender for assistance that may include stopping or delaying the repossession proceedings. This way, you will be able to re-organize your finances and continue repaying.
- Seek advice on debt management. You may want to seek advice on managing finances and debt especially through free guides that are specifically tailored for people going through difficult financial times.
- Sell the property on the open market. You are more likely to get a better deal for your property when you sell it on the open market through a traditional high street agent or an online estate agent as they charge a fee that is much lower. Alternatively, you may also sell the property through a private sale.
A quick house sale is an ideal way of selling your property fast especially if you are faced with unique circumstances that leave you with no option but to sell. Even then, you will do well to consider other alternatives especially if you are not ready to go through any of the challenges.