How To Sell Your House To Avoid Foreclosure In Rochester

How To Sell Your House To Avoid Foreclosure In Rochester Are you looking to sell your house to avoid foreclosure in Rochester? In our latest post, learn how you can stop the bank and improve your credit in the process.

Unfortunately, while it is not something you ever want to deal with, foreclosure happens to good people every day. While foreclosure rates are down to about 3.6%, people are still having their homes foreclosed by the banks. Life can change in a blink of an eye when you lose a job, get a divorce, or are faced with the loss of a loved one. The economic situation today makes it even more important that you are aware of you r options going forward. People in foreclosure can have other unpleasant things happen in their lives and dealing with the banks is the last thing they want to do.

The good news is that with a fast sale of your Rochester house, you will be able to stop the bank while avoiding the destruction of your credit. Keep reading to learn more about how to sell your house to avoid foreclosure in Rochester.

Sell It Fast

If you need to sell your house fast in Rochester NY, you have to think about a few scenarios. Firstly, you can choose to list it and cross your fingers or secondly, you can opt to work with a direct buyer, guaranteeing you a sale date and sale price. Sure, direct offers are usually less than what houses on the MLS can sell for, but you must take into account the fact that by working with a direct buyer, you won’t have to deal with repairs, commissions, or marketing costs. You will be able to sell fast and walk away.

If you take the MLS route, just know that it can be risky. Those bills will keep coming.  If your house doesn’t sell right away, the banks may be able to get to it before you have found a buyer. Because you nee to sell quickly, you need to price it to sell. You need to make it as appealing as possible in your photos, keeping it clean at all times, as not to be overlooked by potential buyers. You’ll want to make sure that the buyer is able to  purchase the house right away, with no credit problems of their own, as any delay could cost you the deal and the house. There are agents who specialize in foreclosure sales, if this is what you choose to do, it is best to work with a professional who knows exactly how to get things done.

Plan Your Move Now

When you work with a direct buyer such as Helping Homes, they will be ready to close in only a matter of days. That said, you will need to be ready too! You could hypothetically get an offer this week and close next week! If this happens, you will want to be ready to go, as the timeline is greatly shortened by working with a direct buyer. Make a plan to move, figure out logistics, costs, and where you plan to go. If you haven’t done so already, take some time to declutter. Throw things away that need to get tossed and consider selling some unused items to help with the sale. If the situation calls for it, you could even opt to have a yardsale to quickly generate cash for the items you aren’t taking with you.

It is important to know where you are going. If your finances are tight, you may not be able to afford a new home right away, and you will have to worry about closing delays. Another option to consider is that you may choose to rent if you sell your house to avoid foreclosure. You will need to be able to pass a credit check and come up with first, last, and security. Family is typically a great option when looking for short or medium term housing. A sale to a direct buyer can happen very quickly. If you are dealing with cleaning, packing, and moving, you may not have the time to find the perfect place. Of course, there are many times that a direct buyer like Helping Homes will help you with all these concerns and headaches. Instead of rushing into a place that isn’t right for you, instead, try to stay with someone you know – for only a short time of course. Check around in your community as well. There are often programs to help struggling homeowners get back on their feet.

Don’t Hesitate

Don;t wait for the bank to start their proceedings, as it may be too late for you to have options. Your credit will be impacted, which limits your ability to buy another home in the future. It can take a lot of work to build your credit back up so if you feel you are at risk of losing your home, it is better to be proactive about it as opposed to waiting. While the process can take some time, letting you stay in the home for longer, it isn’t worth the damage that can be done to your financial future. By getting a direct, no-obligation offer from Helping Homes REI, LLC, you will be able to run the numbers and ensure you don’t lose your property to the bank.

Let us help you sell your house to avoid foreclosure in Rochester! Contact us today for more information! (585) 294-4658

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