What is the True Cost of Selling my House?

Whether your house is “ugly” or beautiful and in perfect shape, you always want the most money you can get from selling your house.
But………….Consider the following FACTS:
  • Selling your house can be very stressful
  • Selling your house can create a financial strain—there may not be enough equity to cover the costs of selling
  • Homebuyers have many homes to choose from—and are often very demanding
  • Finding a buyer takes time
  • Even after you find a willing buyer, it may take 45 days for him to be approved for financing

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Is There Any Help for Me?—I’m Headed for Foreclosure

There are many reasons good, decent law-abiding citizens get behind on their mortgage payments and find themselves facing foreclosure.

  • Divorce and the need to divide up assests
  • Death in the Family
  • Job Transfer—no time to sell the house
  • Layoff from work—can’t find a new job soon enough, or the pay is lower than the previous job
  • New baby and must have more room (but can’t sell old house)
  • Built your “dream home” , already moved in, but can’t sell the old house

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Why not FSBO (For Sale By Owner)?

Over the past few years selling your house on your own—FSBO = FOR SALE BY OWNER—has become a popular way to sell.

Why do a FSBO sale?
  • Save 6 % of the sale price of the home. On a $100,000 house that would save you $6000—money in your pocket!
  • You know the house better than anyone—even a realtor. You can explain all the good points to a potential buyer.
  • You simply don’t have enough equity in the house to pay the realtor’s fee when it sells.

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What If I Need To Move Out Of My House Fast?

When you decide to build a new home,
you often need to sell your home quickly.
Here is the way the scenario frequently plays out:

  • You decide you want to build a new home, look at a lot of books and models of homes and decide on your “dream home”.
  • You look at a lot of areas of town where you would like to live, and finally decide on a perfect lot.
  • After finding the lot, you put down money to hold it or buy it outright.
  • You then start applying for financing to have your “dream home” built.
    The plans are all drawn up and the builder starts construction on your new home.
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