Real estate markets fluctuate — sometimes they are really hot and there are so many buyers that sellers will list a property and it gets snapped up the same day. Sometimes markets are kind of soft, which means a house might stay on a listing for weeks or even months without getting any offers. If you need a short sale it can also take a long time depending on the lender.
Homeowners who are looking to short sale their property could avoid pitfall buy reading further. Short selling their homes in the second kind of market are often surprised and dismayed to discover just how long it can take.
That duration can be disruptive to your life, especially if you have to wait for the sale of your own home in order to buy another home or move to a different city.
Whether you’re choosing to attempt to short sell your house yourself, or you’re using the services of a investor, here are some things to consider.
Here’s how to short sell your home fast in Queens, Brooklyn NY!
Qualified Buyers
Short Selling your home is a SALE. And in every sale, you need to start by capturing the attention of potential buyers. This means having options that are qualified to purchase your property. Having a prequalified buyer with the cash and credit to purchase can be challenging for a homeowner to take on.
Using a Third Party
Homeowners are sometimes unaware when attempting to short sale their home that the bank will not cooperate with the owner or mortgage holder if they are in default. In the banks eyes your are a delinquent trustee and so they will stall and avoid assisting you in a sale discounting the mortgage. This is why is it essential to use company that has experience with Short Selling Real Estate but that also has a team of qualified buyers.
Can I make money on a short sale of my home?
Once your home has been approved for a short sale a contract to a new buyer will have been submitted to the bank for approval. The bank will not approve money to a seller of a short sale property. You have to remember the bank approves the discount on your non performing loan to recover and losses in perceived revenue to bond holders or investors in mortgage backed securities. Just think of mortgage backed securities as pools of mortgages banks trade on the stock market.
What is the process like.
Want short sell your home fast Queens, Brooklyn NY? You must find a Real Estate Short Sale Company like Clear Equities Inc that understands the market and the Short Sales process to help you navigate the circumstance. The face is Short Sales take time and require that negotiations take place with your lender. You need a aggressive Short Sales Agent to work for you to get the best deal in Queens, Brooklyn .
Here’s another way to sell your house fast that you might not know about…
Did you know that there are real estate investment companies out there that buy houses for cash?
At Clear Equities Inc, that’s what we do! We find properties and buy them for cash… we’ll even buy them as-is and we close very, very quickly. If you want to market your house yourself hoping to get the highest offer possible, go ahead — we’ve given you some great strategies in this blog post. But if you want to act really fast and sell your home right away to us, get in touch at (929) 771-0551.