Using The Internet For A Fast Home Sale
We all know that the real estate market has been struggling and unfortunately
, many houses all over the country have sat empty for a year, or even longer. For the homeowner, this means paying out money but not getting anything back. The problem is that many real estate agents continue to tell sellers that they can get the property sold with no problem but in truth, they just want a commission, when and if the home sells.Millions of people have been devastated and in addition to homes being foreclosed, those simply being sold are no longer worth the same amount of money just two years ago. While there are still a lot of buyers, they too face a challenge since banks, mortgage companies, and other lending institutions make it extremely difficult to quality for a loan so while they want to buy, the cannot get the loan needed.
With sellers being in this type of situation it makes them wonder if they will ever get the property sold. While working with a qualified real estate agent is one option, with the current situation, another way to sell is with a FSBO or For Sale by Owner. Homes on the market through realtors sit on average six to twelve months before finally being sold.
Obviously, for the motivated homeowner wanting to sell fast, this is disheartening. For homeowners that have inherited the home, being relocated for work, or gone through a divorce or death, paying two mortgages would be impossible so a fast sale is imperative. By eliminating the realtor, the homeowner would save a tremendous amount of money by not having to pay the 6% commission.
A For Sale by Owner puts the homeowner in control and without feeling pressure of the realtor, there is more flexibility for making decisions. In other words, the price could be set with more flexibility and the homeowner could accept or turn down offers. If you are currently trying to get your home sold, instead of worrying, you might consider letting the power of the internet do a lot of the work for you.
This would start by conducting a search on Yahoo.com, Google.com, or some other search engine where you will find thousands upon thousands of potential buyers. Keep in mind that most people found this way are investors, which can also purchase your home, which means finances are handled outside a bank, which saves time and effort. Investors use money from third-parties, which are also known as a private or hard money lender.
Good investors have no problem being approved for a loan in one to three days and typically, they have the money in as little as two weeks. If you are in a hurry to get your property sold, an investor might be the ideal solution since closing could occur in a month. Of course, for the home to be sold to an investor the title would need to be clear or judgments or liens and inspections complete.
Another benefit of using an investor is that if your home needs repair, even major repair, they would still buy. In fact, many investors specifically look for homes that need to be renovated so they can rehabilitate them and sell for a nice profit. Trying to sell your home in disrepair to a standard buyer would be difficult since most want a home in pristine condition whereas an investor usually does not care.
Today, as more and more homeowners discover the benefits that come from working with an investor, many are choosing this route instead of a realtor. Of all tools available for the real estate market, the internet is by far the most important. In addition to finding investors, the internet can also be used for marketing and advertising real estate, finding inspectors and appraisals, and so on. Every person involved in the sale of your home could be found in one location - the internet.
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