When you’re upside down on your mortgage or owe more than the current market value, it can feel like your back is against the wall. Typically fluctuations in the economy cause downward trends in real estate pricing, which can have an ill effect on those with little to no equity, for whatever reason. Often, homeowners find themselves in this situation when they have taken out lines of credit against the equity to cover living expenses.
Don’t lose hope you have options and some bargaining power, especially if you take advantage of the time you have before you should reach more severe stages of being underwater with your mortgage. However, now is the time to act if you foresee troubled financial waters ahead, it may be time to exit the property. Read on to discover how you can sell a house fast in Omaha and Council Bluffs that is worth less than you owe.
Owner Financing
Consider offering owner financing as a way to sell a house fast in Omaha and Council Bluffs that is worth less than you owe the benefit to the home buyers in Omaha and Council Bluffs is worth far more than you may realize. At the very least, their initial down and monthly payments should more than cover your mortgage for the contract duration. Another benefit of this situation, the home buyers in Omaha and Council Bluffs are responsible for caring for the property as if it were their own. With careful applicants and a savvy marketing campaign, you could find tenants willing to pay a higher than market value. However, your asking price is higher because you offer to hold the property off the market for the next two years. Because real estate can fluctuate significantly over this length of time, you may take a loss on the sale at the current price, so your asking price must include a calculated estimate of what the market could demand for the property in two years. There are many reasons for this situation typically, the home buyers in Omaha and Council Bluffs are working towards saving for a large downpayment and getting their creditworthy ducks in a row. The main attraction of owner financing is that it allows the home buyers in Omaha and Council Bluffs to begin living a homeowner’s lifestyle now while they have time to improve their standing for mortgage approval. Additionally, extra monies are paid monthly on top of the rent payment, which will count towards a sizeable down payment at the end of the agreement, customarily for two years. In the worst-case scenario, should your homebuyers in Omaha and Council Bluffs fail to fulfill their end of the deal, you still have your valuable real estate, and you keep any payments the home buyers in Omaha and Council Bluffs made towards the down.
Homebuyers in Council Bluffs and Omaha typically seek ready to move into the property for homes that need work, they will expect deep discounts for putting in work towards the downpayment. However, if you are experiencing cash shortfalls and your home is in a state of disrepair, owner financing may not be the correct answer for you. A better option may be a direct sale to a company like Harter Investments, which will purchase most homes as-is.
Harter Investments
Harter Investments may be able to help you get a cash offer if you need to sell a house fast in Council Bluffs and Omaha that is worth less than you owe. Now and moving forward, the direct cash home buyers in Omaha and Council Bluffs at Harter Investments are here to help. If you don’t have time to list and wait to sell, or you are fending off bill collectors and need to sell now, a direct cash home buyer in Omaha and Council Bluffs from Harter Investments will provide you with a guaranteed closing date. And Harter Investments uses clear-cut, simple contracts with no hidden fees. At Harter Investments, our direct cash home buyer in Omaha and Council Bluffs don’t work on commissions, so you don’t have to worry about taking anything else off the top at closing. When you sell directly to Harter Investments, the amount offered is the amount you’ll receive at the closing table, and you could have your cash in hand in a matter of days. If you’re not quite that ready because a direct cash home buyer in Council Bluffs and Omaha from Harter Investments isn’t planning on moving into the property, we can be flexible and set the closing for any day on the calendar that suits you best.
At Harter Investments, we buy houses in Council Bluffs and Omaha and we can address your concerns about selling directly with absolutely no obligation feel free to ask us any questions you may have. At Harter Investments, we buy houses in Omaha and Council Bluffs and we understand this is an extremely stressful time, so we stop and take the time to listen to your needs. Working with experienced local pros like the direct cash home buyer in Omaha and Council Bluffs at Harter Investments makes the selling process easy we’ll walk you step by step through the process. So that you’ll feel good about the deal long after closing, a direct cash home buyer in Omaha and Council Bluffs from Harter Investments will detail the costs and profits of listing on the traditional market vs. what you’ll see from a direct sale so that you can make the best decision for your circumstances. Just call a professional direct cash home buyer in Council Bluffs and Omaha Harter Investments at 402-939-6556 or send us a message today or visit us at www.harterinvestments.com!
