Selling a house can be a long, stressful process even under normal circumstances. But if you are a homeowner in a distressed situation, the pressure is often crippling as you try to focus on the needs of you and your family. So all you can think about is “I need to sell my house fast”.
In these distressed situations, your home is now a financial and emotional burden that you need to unload – and fast! Selling your home to a cash buyer can remove much of the hassle and stress associated with a traditional sale and closing – it’s quick, convenient, and simple.
What are these distressed situations? Here are a few common examples of financial hardships homeowners face.
Foreclosure. If you’re behind on your mortgage payments, your lender may threaten foreclosure. Once a lender takes your house, you’re left with nothing to show for it except a severely damaged credit score.
Inheriting a property with a mortgage. An unexpected death heaps emotional stress on the surviving relatives. The last thing you want to deal with is a house with mortgage payments due.
Major repairs. Unexpected repairs can be a nightmare! Big expenses like a new roof or plumbing leaks may also completely drain your bank account.
Other unplanned financial troubles. You never know when a change in your finances will bring about unwanted stress over the burden of an expensive mortgage. Job loss, divorce, bankruptcy – the list goes on.
Benefits of Selling to a Cash Buyer
Many sales fail before ever reaching the closing date due to financial contingencies. Lenders will require an inspection and an appraisal before loaning on a house. On the other hand, a cash buyer will have no contingencies. The house is sold “as is” – so it’s almost a guaranteed sale.
Buyer pays all closing costs.
On average, you will be required to pay around 2 percent of closing costs with a traditional sale. With a cash buyer, you don’t pay any closing costs. You also don’t have to pay a fee to a realtor.
Speeds up the process.
If your main concern is “sell my home fast”, then a cash buyer is the way to go. Because there is no lender involved, it can take as little as one week to finalize the closing. It’s quick and easy!
If you find yourself in one of these distressed situations, you may feel helpless – but you do have options. By selling your home to a cash buyer, you are relieving the uncertainty of you and your family’s future. If you feel this is the best option for you, give us a call at the number below or visit HoustonFastHomeBuyers.com to get an offer.
Houston Fast Home Buyers
We’re here to answer your questions and give you a hassle-free offer so you can move on to build better memories.