You’re likely reading this article because you are facing foreclosure and need to sell your house fast. A foreclosure will ruin your credit and make it difficult for you to buy a new home, so the best way to save yourself is by selling before foreclosure. We’ll go over some of the best ways to sell your home fast and save your credit.

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Selling Your House With A Real Estate Agent

Selling your house with a real estate agent is the most common method people think of when considering their options for selling their home. That is understandable, as most home sales are handled by real estate agents.

Selling your Decatur home in foreclosure with a real estate agent can be a good route to take, especially if you have enough time to go through the traditional sales process.

If you decide to sell your home the traditional way, these tips will help you sell it as quickly as possible and net the most amount of money.

Find a Reputable Real Estate Agent

When choosing a real estate agent to help you sell your home, it is essential that you find someone knowledgeable and who has a lot of experience. You don’t want to choose an inexperienced agent or one who might not have your best interests at heart. After all, you are putting the fate of your credit score in their hands.

Some ways to find a good Realtor are asking folks you know who have recently sold a home, searching online, and interviewing potential candidates. Some questions to ask potential real estate agents are how many years they have been in the business, how many homes they’ve sold in the past year, and what they plan to do to market your home to sell it fast.

After all, if you are facing foreclosure on your home, you don’t have time for your home to sit on the market for months before selling. You need to be certain that your real estate agent will use creative marketing strategies to get lots of exposure on your home.

Know The Market Value Of Your Home

Your agent will likely assist you in determining what your home is worth, but you should have an idea independent from them first. If you do not list your home for the right asking price, the result could be that it sits for a while and doesn’t get much interest. While this isn’t the end of the world for many homeowners, people facing foreclosure can’t afford to wait that long.

The best way to determine the market value of your home in Decatur is to pull records of homes that have recently sold in your area and see what they sold for. In order for these homes to be comparable, they should be similar in size, age, and finishes to yours.

Make All Repairs Before You List It For Sale

If you sell your home in pre-foreclosure using a real estate agent, you can be certain that the buyer will get a home inspection. This can be a very tense part of a real estate transaction, especially if several items are flagged and the buyer wants you to fix them before closing.

Because the foreclosure process is very time-sensitive, you should get a head start and repair any issues you know of. It may even be beneficial to hire a home inspector yourself to point out anything you need to fix. That way, your home sale will not be held up due to pesky repair requests.

Make Sure That The Property Has Curb Appeal

Beyond making necessary repairs to your home, it needs to be visually appealing to potential buyers as well. Curb appeal is the first thing buyers will notice when they pull up to view your house.

Some keys to improving curb appeal are giving your lawn a fresh mow, trimming trees and bushes, and pressure washing the exterior of your home to make it look brand new again. It is also wise to put fresh paint or stain on decks & patios if needed.

Hire A Professional Photographer

If your home does not attract a large number of prospective buyers to come to visit, you are going to have trouble getting it to sell. This is highly problematic if you’re already behind on your mortgage payments.

The best way to buyers’ interest in viewing your home is to have high-quality and attractive images on your listing. Not only does this require hiring a professional photographer, but you should also put some time into cleaning and arranging your furniture and decorations to make it easy for them to take pictures that your home appealing.

Keep The House Neat

If you are successful in attracting many buyers to view your home, you need to make sure they are impressed once they get there. One of the easiest ways to turn buyers away is having a messy home.

Selling the home that you live in can be frustrating because you’ll constantly need to leave to allow buyers to come to view the property. Not only that, but you’ll need to continuously keep the house clean so that it looks neat when they do come.

Offer Potential Buyers Incentives

One creative marketing strategy to sell your home fast before foreclosure is to offer incentives to buyers. Some ideas for this are offering to pay their closing costs or giving them a stipend for future upgrades.

Anything you can do like this will give you a leg up on your competition and help you sell your house in Decatur as fast as possible to avoid foreclosure.

Budget For Plenty Of Time To Sell

When selling on the real estate market, you must plan for the time it takes to actually get your house sold. When your home is in pre-foreclosure, you do not have all of the time in the world.

When selling through an agent, you must plan for the sale to take at least two months. Once you get under contract with a buyer, it will take at least one month to get their financing in order and complete all the other checkpoints such as inspections and appraisals. Any time it takes to get your home list ready and find a buyer will only add to that time.

If you are already behind on your mortgage payments, you may not have that kind of time. Make sure to keep constant communication with your mortgage company to let them know your plans to avoid foreclosure.

Sell Your House FSBO

An alternative to the option listed above is selling your house “For Sale By Owner.” This involves listing the property yourself and handling all of the work that an agent typically does. This means marketing, talking with sellers, scheduling showings, paperwork, negotiations, and closing coordination.

Most people go the route of selling themselves without an agent because they want to save the 6% commission traditionally paid to the agent when the home is sold.

While that may save some people money on the sale and allow them to net more, it will not help you sell your home in pre-foreclosure any faster. In fact, it will likely take even longer. Having to handle all of the tasks of an agent can be a lot of work, especially when you add in the financial trouble of a foreclosure.

All of the tips above on selling your house with an agent still apply when selling FSBO. As you can see, that is quite the amount of work. You really need a better option when facing foreclosure and need to sell your home fast.

Sell Your Home In Foreclosure To A Professional Home Buyer

When facing foreclosure, selling your home to a professional house buyer is a great option. If all of the advice so far has seemed overwhelming to you, you can breathe a sigh of relief because a cash home buyer will not require any of those things. You won’t have to make any repairs, do any cleaning, or worry about marketing your house to make sure it sells fast.

House buyers specialize in buying homes quickly. They also typically purchase homes with the intent of renovating them, so you won’t have to worry about getting your house in Decatur AL list ready.

Not only will you not have to worry about the time it takes to find a buyer, but professional house buyers can also close much quicker than traditional buyers. It is sometimes even possible to close within seven days! That is much more helpful if your mortgage payments are already piling up.

Most professional house buyers know exactly how the foreclosure process works, so they can help you navigate the entire transaction to ensure everything goes smoothly and your credit score remains intact.

If you need to stop foreclosure on your home in Decatur Alabama, selling it to a cash home buyer is your best option. It is the fastest and easiest way to get it sold so that you avoid a foreclosed home on your credit report.

We have bought houses from many people around Decatur AL that were having trouble with their mortgage payment. When we buy your home, we will pay off your mortgage debt, including any missed payments that you may have already accrued.

We even have programs where we can buy your house and simply make your mortgage payments for you. However we buy it, you will be able to avoid foreclosure entirely and use the sale proceeds to repair any other financial hardship you may be having.

As professional home buyers, we specialize in repairing and remodeling homes after buying them, so you won’t have to worry about fixing a single thing in your house. We will also coordinate the entire process so you can relax and move on with your life.

Check Out How We Make Selling Your House As Simple As Possible!

If you are behind on your mortgage payment or have already received a foreclosure notice from your mortgage company, you need to reach out to us as soon as possible. The longer you wait, the harder it will be for us to help you.

We will work with you to get your remaining mortgage debt paid off and get your mortgage lender off your back!