A cash buyer is not some multi-millionaire driving up to your open house with duffel bags stuffed with enough thousand dollar bills to pay your asking price. Sure, this scene might happen in the movies, but in reality, the cash buyer is a lot less glamorous–but not less valuable. If you’ve recently ask yourself “how do i sell my house as is fast” and get taken advantage of? You are in the right place, keep reading. One of the biggest positives of a cash house buyer is the lack of need for them to secure a mortgage, which saves you, the seller, a ton of time and a lot of money. Not duffel bags stuffed full of bills money, but enough to make a cash buyer attractive. If you have someone wanting to pay all-cash for your home, here’s a thorough look at what you’ll be facing when selling a house to a cash home buyer.

Thoroughly review the offer.

Is the offer too low? Maybe it’s ridiculously high? Both situations demand scrutiny. Your first step is to determine the value of your home using comps (recent prices of similar homes sold in your area) to see about where your house should be priced. If the cash offer is tens of thousands of dollars below this amount, you should definitely renegotiate the deal. The buyers may be trying to take advantage of you by waving this attractive cash offer in front of you. A cash home buyer coming in under your asking price is reasonable, since you will be saving some time and money by not having to deal with a mortgage loan. But if it’s too low, be wary.

If the cash buyer offers you tens of thousands over asking price, this should raise some eyebrows, too. Then again, if the housing market is ridiculously hot and inventory is incredibly low, there is a chance you will get multiple cash offers well above your asking price. Either way, be sure the buyer isn’t going to make this grandiose offer now then pull it back with demands for huge expensive repairs and upgrades. In the end, the gigantic offer might become a low-balling nightmare.

ACTION: HAVE A REAL ESTATE AGENT DO A COMPARATIVE MARKET ANALYSIS OF YOUR HOME SO YOU KNOW IT’S TRUE VALUE. OR INSTEAD, FEEL FREE TO SPEND A FEW HUNDRED DOLLARS TO HAVE AN APPRAISAL COMPLETED BY A PROFESSIONAL COMPANY.

Seal The Deal With Disclosures And Reports.

There’s nothing more exhilarating than selling your house for a great deal, especially for cash. But even after the deal is almost done, there’s still more work to be done. If you’re happy with the purchase price, deposit amount and the date of closing for the sale, it’s time to submit your disclosure report.

A seller’s disclosure report will determine any safety issues that might be prevalent for the new owners to live in the house. Most likely, there won’t be anything in that disclosure that makes or breaks the contract, but it’s always better to NOT try to hide things, no matter how small. If the buyer finds out you didn’t mention that there’s a small termite infestation in the attic, they might get leery and pull out of the deal. I mean, what else could you be hiding?

ACTION: GET A HOME INSPECTION BEFORE THE SALE AND SUBMIT THIS REPORT TO YOUR BUYERS. IF THE INSPECTOR FINDS ANYTHING SERIOUSLY WRONG, ODDS ARE YOU’RE GOING TO HAVE TO TAKE CARE OF THE ISSUE ANYWAY, SO GET IT DONE EARLY ON, MAKE NECESSARY REPAIRS, THEN LET THE NEW BUYER SEE THAT REPORT. THAT WILL ONLY HELP SEAL THE DEAL.

Accept The Offer And Sign on The Dotted Line.

Congratulations! You’ve almost completed the cash sale of your house. The next step will be to meet at a title company (or escrow office or even with a real estate attorney) to sign all the documents to complete the sale. These documents will be items like the deed, settlement statement and disclosures about the property. By now, your title should be clear and the sale should be able to move forward without any hitches.

ACTION: BE SURE TO CONTACT A PROFESSIONAL WHO CAN HELP YOU WITH ALL THE NECESSARY PAPERWORK. THEY WILL TYPICALLY HAVE THEIR OWN NOTARY PUBLIC TO NOTARIZE SOME OF THE DOCUMENTS.

Finally, here are some advantages of dealing with a cash buyer:

• Less paperwork – There’s no loan docs to sign!
• Less stress – Solid offers mean less chance the sale falls through!
• Quicker sale process – No lender means quicker turn-around!

Selling a house to a cash home buyer is one of the better ways to move your property as long as you know the ins and outs described above. With the amount of cash buyers increasing and the fact that over 75% of sellers are willing to accept up to 10% less for their homes, now you know that you’ll be the one with the advantage.

Have you been wondering should you sell your house now or wait it out? There are various situations to consider when it comes to the sale of your home that could lead to bad consequences. Consider the ones we mention here.

• The truth is that if you decide to sell your house when it is not the right time, there could be really bad consequences that ensue from your rash decision.

• On the other hand, if you decide to keep strong grips on your home for a period of time that is too long if you are experiencing financial hardships, this could result in your home going into foreclosure or a short sale.

• If you have a sense of fear when sales in the market are low and try to push the sale of your home, you could miss out on getting a higher price for your home when the market may experience an upswing in the near future.

• If you long to remain in your home because of clinging to cherished memories, but you have no plans or ability to keep up with the maintenance, then the value of your home will greatly deteriorate. Your home will provide a low sum when you do decide to sell your home.

You should certainly consider the signs if it is the right decision to sell your home, even if your gut instinct is telling you not to sell. Also, consideration should be given to whether you should keep your home. You need to consider your long-term goals, where you want to live next, and whether you can manage your current mortgage payments. These are factors that will influence your decision.

You should sell your home in the following situations.

1) There has been a fortified price growth for homes in your particular region over a period of many years, with the market being highly in favor of those selling homes.

This is similar to the stock market. You should buy a home for as low a price as possible and then sell it for as much as possible in order to achieve the most optimal profits possible.

2) The sale is in alignment with trends for the local season as well as the behavior of buyers for homes selling in your region.

The truth is that you can increase the success of the sale of your home when you take clues that are provided in data regarding real estate transactions. This can allow you to increase the profits for the sale of our home and can result in reducing the number of weeks that your home is on the market. That means you can have cash in your hand faster.

3) When you are having a hard time paying your mortgage, you need to sell your home.

If you just are having a hard time paying your mortgage and then are left with not enough money for food and other necessities, then it is time to sell your home no matter what. It is never wise to have a mortgage payment suck away all your finances, so that you cannot even have the basic necessities of life– no matter how beautiful your home is and no matter how much you love your home.

You should consider keeping your home in these situations.

1) If the sales of homes are down, then this could mean you get a low sum for your home.

When the market for homes is not doing well, it will take a lot more effort as well as time to achieve the sale of your home. This will also result in the decrease of the profits that you could otherwise make when the market is doing well. Therefore, it would be in your best interest to keep your home in order to sell it for a higher price when the housing market improves.

2) You should consider keeping your home for a while longer if there has not been a good build up of equity in the home at the present time.

Just as there is the conducting of an evaluation of the equity of a home when someone is considering engaging in a trade up, so someone should not decide to make a move to sell their home if the home is considered as not having a good build up of equity. In such cases that you happen to owe more money than the value of your property, then it is definitely not the right time to sell your home. Indeed, you should wait. If you need to move out of your home to relocate somewhere, then a great option would be to rent out your home, so that you do not sustain a financial loss in this case.

No time is better than the present time to sell your house. Consider selling it to an experience group of investors that buy houses for cash in your area.

FALLING BEHIND ON YOUR MORTGAGE

Paying a mortgage can get hard at times. What if you fall behind on your payments? Well, don’t worry you have 120 days, to either pay or sell your home. After these 120 days, your lender can legally reclaim your home and sell it. This means you will need to leave. If you were to just miss one payment you could receive a foreclosure notice in the mail. Going through a foreclosure can impact you in many ways.

For example,

• Drop your credit score by as much as 300 points or more.
• Make it hard to get a credit card.
• Hard to get an auto loan.
• Hard to get a cellphone plan.
• Most importantly, makes it hard to get another mortgage.

All those things can take years to re-obtain and rebuild your credit score.

FORECLOSURE AND SHORT SALES

If you wanted to sell your home, that is still an option. However, you have until the day the foreclosure takes place to sell on your own. Before you do that though you need to check if your home is worth more or less than what you owe on your mortgage. Being worth more would be the best, you can then sell your home and use the profits to pay back your lender. If your home is not worth more than you owe then you have the option for a short sale. Which is selling your home for very low knowing you will fall short of what you owe. Going through a short sale, your real estate agent can help you negotiate terms with the bank regarding repair costs, transfers, and, fees. Going through a short sale will do less damage to your credit score compared to a foreclosure. Another benefit to doing a short sale is you get to stay in the home until the sale is complete, unlike a foreclosure.

OTHER OPTIONS

There are other options you could do if you do not want to go through selling your home.

• Mortgage forbearance.
• Loan modification.

These are two things you might be able to work out with your lender and get back on track. First, let’s talk about the first option.

MORTGAGE FORBEARANCE

You can consider this as a break from making payments. If you lost your job or any emergencies come up in your life this could be your best option. Unlike a foreclosure and short sale, this does not impact your credit score at all. Now let’s look at your second option.

LOAN MODIFICATION

This is a negotiation with your lender about your payments. You can skip a few payments but your lender will add on those payments later on to your loan. This could be helpful if you are going through something and need money to pay another important thing.

SELLING YOUR HOME TO A CASH HOME BUYER

So, can I sell my home if I’m behind on my mortgage? The answer is yes you can. Either hire a local real estate agent to help you negotiate terms with your bank or, qualify for one of the other options.

One of the fastest ways to sell your home if you have fallen behind on your house mortgage payments to a cash home buyer in your area. These cash buyers typical can buy the property quickly even if you are behind on your mortgage payments.

Are you facing the possibility of foreclosure? Do you know your options? You can still sell your house. You may sell your house up to the moment of the bank auction or trustee sale. Here’s what you need to know.

WORK WITH YOUR LENDER AND DISCUSS ALL YOUR OPTIONS BEFORE FORECLOSURE.

When you first realize that you are facing financial hardship and are not able to meet your mortgage obligations, talk to your lender about your options. It is in the lender’s best interest to work with you and come up with a solution before your house goes into foreclosure. Here are some of the options you have:

• Refinance – Your lender might be willing to rework your financial package to lower your mortgage payments.
• Mortgage forbearance – In forbearance the lender pauses or suspends your monthly payments for a set amount of time. The challenge with forbearance is that you must pay back all the missed payments at the end of the forbearance period.
• Sell your home for the amount due on the mortgage, or more. This is the best option for both you and the lender. The lender receives his payment and you don’t go through the foreclosure process.
• Consider a short sale. If the value of your house has decreased and is now worth less than you owe, your lender might consider a short sale. The house sells for a below-market price. The lender receives those funds and your obligation for the mortgage ends.
• An actual foreclosure is the lender’s last resort. The lender does not want to deal with the expense and hassle of foreclosure. He would rather work with you to find another solution.

YOU CAN LIST YOUR HOUSE AND SELL IT THROUGH THE REGULAR REAL ESTATE MARKET.

Did you receive notice that you are in default on your mortgage payments? You can still list and sell your house before the foreclosure sale. Selling your home gives you the cash to pay off your mortgage obligations. Work with a real estate agent and get your house on the market. Price it to sell soon! Consider pricing your home slightly below market value to sell it more quickly.

A SHORT SALE MIGHT WORK FOR YOU.

Has the value of your house decreased significantly? Is it now worth less than the remaining balance on your mortgage? Are you behind on your payments and facing significant financial hardship? Your lender might be willing to work with you on a short sale. In a short sale, the lender agrees to accept payment of less than the amount you still owe, Your house is sold and the lender receives all the profits.

Remember, the house is yours to sell until the moment of the foreclosure auction. You can sell any time before the final foreclosure. Usually, you have several months between your first default notice and that final auction. Use that time to sell your home. Once final foreclosure takes place the home no longer belongs to you. Work with a licensed real estate agent and get that home on the market!

You can absolutely sell your house quickly in Denver, Colorado before a pending foreclosure by selling it to a reputable cash home buyers in Denver. It’s not uncommon to complete the a cash sale days before the schedule foreclosure sale.