How to Sell a Distressed Property FastMar 08, 2023
If you are struggling to keep up with mortgage payments, it is important to brush up on your negotiating skills to avoid being forced to sell your house quickly. This can be a stressful situation, but there are ways to minimize your losses and even make a profit. As experienced real estate investors, House Sold Easy has some tips to help you negotiate with your lender and market your property effectively.
When negotiating with your lender, it is important to be transparent about your situation. The head or manager of loss mitigation is often the key to resolving your difficulties, as they are responsible for preserving the profit the lender expects from your mortgage. By working with your lender to find a solution, you may be able to secure concessions such as a mortgage reduction, which will help you stay current on payments and improve your bargaining power with potential buyers.
When marketing your property, it is important to avoid overkill. While you want to showcase your home's best features, it's important to let it sell itself. Don't try to rationalize the asking price to buyers, as they are likely to make their decision based on emotional factors. Instead, make sure your home is well-prepared for the market and allow potential buyers to view it without interference. This will help you avoid appearing needy and maintain your leverage in negotiations.
Finally, when negotiating with buyers, it's important to keep your personal circumstances to yourself. Revealing too much information about why you are selling could work against you, so stick to general answers such as a desire to move closer to family or find a warmer climate. By playing it simple and straightforward, you can improve your chances of securing a fair and mutually beneficial deal.
At House Sold Easy, our team of professional buyers has extensive experience handling distressed home sales. If you are in a difficult financial situation and need to sell your house quickly, we can guide you through the process and help you secure a fair deal.
Contact us today! Call us at 636-525-1566. Our solutions are all fair and aboveboard!