Drive down just about any major road in this country and you’ll probably see the signs: “We Buy Homes Fast!!”
They’re often loud and obnoxious. They offer quick cash settlements. Sometimes they mention ugly homes. Have you ever considered calling the number on one of those signs? Ever wonder what they’re all about?
This scenario has become an increasing problem for many U.S homeowners in the wake of the last 7 years. Properties have changed hands multiple times, people have been added onto title deeds, families and couples have split, and siblings have been left property by parents. All of this can complicate the title of a home and present some possible issues when selling your house.
Short Sale Benefits
Here are a few benefits for doing a short sale that may not have occurred to you:
When you buy a new home, you never expect you will ever come to the point where you might be losing it. However, although we are in financial recovery, for many people the downturn is still very real. The real estate market is still not very high, and the reality is that many people are in negative equity and face the possibility of losing their home completely. It is an incredibly frightening situation and one that cannot be ignored, unfortunately.
When Amy and Joe Hayek put their Atlanta, Ga. home on the market, the inspection found that the roof was in bad condition. This came as a surprise to them. The roof didn't leak and their family had been living comfortably under it for years.
According to real estate experts, home sellers often have this reaction. Home inspections are a thorough, nitpicky review of the home's condition, and it's likely going to reveal a long list of imperfections that may not affect the day-to-day life of its current owners.
For the potential buyer, an inspection is a win-win. It's a way to evaluate all the systems in the house -- from the foundation, to the roof, to the heating and cooling systems -- and it puts pressure on the seller to fix major problems before the home sale is finalized.
Before you go through the process of an inspection, regardless of whether you are on the buyer or seller side, here are a few things you are going to want to know:
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