5 Reasons Why People Would Want to Sell Their House Quickly

The prospect of having to sell your house quickly is one that far too many people face at some time during their life. It’s daunting to think, I have to sell my house now. In situations where you haven’t got time to go through the lengthy process of selling a home, Prime HomeBuyers can help by making you an offer today. Typically, the reasons that force a homeowner to sell quickly are stressful and unexpected. Getting professional help during difficult times makes sense.

Below are five things home sellers are sharing when they say, “I have to sell my house“.

 

1. I have been transferred.

While some companies may take over the responsibility of selling the home for a prized employee who is transferred, many times this unsavory and difficult chore is left for the homeowner. This level of stress can be overwhelming as a seller prepares to relocate and start a new job, two life changes that are considered to be extremely high-stress for anyone. Realtor.com reports that 17% of customers surveyed by Allied Van Lines revealed the reason for their move was a new job.

 

2. I can’t climb the stairs anymore.

The Balance reports that one of the main reasons people decide to move is because the house is no longer practical based on health issues. That perfect two-story home purchased in your 30s may no longer make sense in your 60s or 70s as health challenges make it more difficult to navigate stairs. This is a common reason you may someday have to sell your house quickly. Prime HomeBuyers can help by making you an offer on the spot.

 

3. I can’t afford to make the payment anymore.

People lose their jobs every day. Unfortunately, this type of shift in income can throw a family into panic if the financial loss lasts longer than their savings account. This is one of the main reasons people are forced to sell.

 

4. I’m getting a divorce.

Divorce means it’s time to cash out of the house purchased together. In cases where a spouse is not willing to buy the other one out, or doesn’t want to, then the only option is to sell.

 

5. My parents passed away and left the house to me.

Children often find themselves with a home after a parent passes. Sometimes, they live too far away to take care of the home, so they need to sell it quickly. The urge to sell as fast as possible is often an emotional and practical motivator.

 

Final words about flipping your house fast

There are times when you need to sell your home as quickly as possible. It could happen to anyone. Huffington Post says when it is time to sell your home fast you need to price it for a reasonable amount to ensure a quick sale. If you find yourself in this position, then getting some professional assistance can eliminate much of the stress associated with having to sell as fast as possible.

The post 5 Reasons Why People Would Want to Sell Their House Quickly appeared first on DMV Home Deals.

Top 10 Real Estate Tips For The Fall

High demand and low interest rates continue to drive housing sales this month.

While home prices for starter-to-midrange homes are pushing upward toward pre-recession peaks, especially in secondary markets, they’re stabilizing in higher-priced areas.

Prognosticators see the robust markets of Seattle, Portland and Denver as this year’s top performers, with 10 percent to 11 percent price growth. If mortgage rates rise modestly as expected in 2017, sales elsewhere may normalize with smaller price appreciation, especially as housing starts rise to fill the inventory breach, but recently, rates have been on the decline.

Here are 10 tips to adapt to the latest market conditions.

1. First-time homebuyers: Get that starter home now

And we mean now! More than half of the home sales (52 percent) in 2017 are expected to be to first-time buyers, and mostly to the millennial set (19 to 34 years old), many moving from urban rentals, research by the National Association of Realtors shows. That means competition — and bidding wars — could become fierce through the rest of the year for such “starters” in desirable areas.

While there’ll be less inventory this winter, there’ll also be less competition per unit and a higher percent of motivated sellers. Before you shop for homes, check out our best mortgage options.

2. Sellers: Hire the right agent

Oftentimes, the best investment a seller can make is time spent researching agents. A bad hire can cost sellers tens of thousands of dollars and months of worried waiting.

First, look at an agent’s online marketing material and listings. Is there good photography or video? Does it “pop”? Are descriptions accurate and complimentary without seeming exaggerated?

Then, look at profiles of the agents on LinkedIn, Facebook and other social media; and be sure to read web reviews. What kind of vibe is an agent sending out?

Narrow your search to three agents and interview each, ideally in person. Ask for sales-activity reports, existing listings and time-on-the-market averages, plus the requisite local comps.

A seasoned listing agent also will know the best times for open houses and how to initiate a price war if the market allows. Never consent to a listing contract of longer than 90 days in a seller’s market. You can always extend later.

3. Buyers: There’s more loan money out there

Those who couldn’t get mortgages during the downturn because they didn’t have 20 percent to put down can find affordable financing again.

Borrowers with FICO scores as low as 690 are now getting conforming mortgage loans (those under $417,000).

One telling sign: About two-thirds of mortgage refinancers were getting approved in the fourth quarter of 2016 compared to just one-half of those at the end of 2014.

However, borrowers without a 20 percent down payment will still pay private mortgage insurance, or PMI, until they hit the 20 percent to 25 percent equity mark.

The best rates go to those with 800-plus credit scores, though 750-plussers are getting virtually the same terms.Check your credit score for free at myBankrate.

Unfortunately, those seductive interest-only loans are also on the menu again. Avoid them. They’re affordable at first since you’re not paying principal, but then years later, well … see the Great Recession of 2008.

Read Full Article Here: Top 10 Real Estate Tips For The Fall