I need to sell my house fast and I don’t know how to go about doing that.?
May 19th, 2010
Ok I need to move because I’m getting behind on my payments. I need to move somewhat fast but I have never moved before so I don’t really know where to begin. I don’t know what to do about the whole process. I need to find a realator with good rates who doesn’t take TOO much and I need to know what all i need to do? Do i just call a realator and have them put it up for sale? I just need it done fast..what do i do? I’m falling behind on my payments. I have not paid February’s or March’s yet :/
I live in Central Florida F.Y.I
Related posts:
- Sell House Fast to Get Cash Fast
- Moving- need to sell house FAST- short sale or what?
- I need to sell my house fast?
- I need information about selling a house fast!?
- how to sale you home fast?
Posted in Questions & Answers | Comments (6)
May 19th, 2010 at 10:23 pm
contact your bank/mortgage lender and let them know you are having problems as then they may be able to give you a little time to sell .>>> i think it is after the 3rd or 6th missed payment they start the repossesion order but you do need to check…or ask for a payment holiday( though that ups the interest …find a agent to sell the house …fees are part of the package would you rather lose the house or a percentage of the monies on fees?
May 19th, 2010 at 11:16 pm
Have you called your mortgage company and try to work something out.
There are amazing new programs that the goverment has put in place.
The simplest is that the mtg company can restructure so your payment is not more than 31% of your income.
You MUST call your mtg provider – calmly – they will tell you all your options.
If you do not like their options – next step is to confirm it with the gvt.
They have a toll free hotline.
Get the # at hopenow.com or go to hud.gov to find the link for hopenow.com
If your mtg does not work with you property – they will call them and force them to restructure your loan.
If for some reason you do not qualify for all their new options.
The mtg company will offer a short sale on your house.
Or another options is called giving over the keys to the mtg company.
Forgot the exact name to this plan.
But it won’t affect you as much as a foreclosure would.
Selling the house on your own – will be near darn impossible unless you are willing to lose a lot of money.
And you will still be responsible for the balance on your home.
The bank can still sue you.
Sit down – call your mortgage company – they will help
/
May 19th, 2010 at 11:57 pm
Yes, you just call a Realtor and they will take care of listing it for you. Their rates are all about the same (a percentage of the sale price), but sometimes they are willing to work with you. The market isn’t doing well right now so the only way to get a quick sell is to list low, and even then in some areas they aren’t selling. That is why foreclosures are on every corner. Maybe consider taking in a roommate to share the payments with or call your mortgage company and see if they can set up a different payment plan. This is happening all over the country, the banks are hard up as well so it may be hard to work with them.
May 20th, 2010 at 12:16 am
I would recommend contacting a real estate listing agent in your area right away. The great majority of agents will charge a 3% commission (that’s 6% total – 3% for the buyer’s agent, and 3% for the listing agent). You can describe your status to him/her and hopefully they’ll be able to offer you some quality advice. If you need to sell fast, you’ll likely have to price your home a good bit under it’s current market value (5 to 7% under) so you get offers quickly.
I wouldn’t waste anymore time, as I would contact an agent right away. You can also take a bunch of pictures of your home and post a listing yourself on http://www.sikku.com (pronounced Seek You.com) for free. There are simple tutorials that help walk you thru the process on the website. Once you post your listing, it will then be re-posted on 8 other websites, such as zillow.com, vast.com, and trulia.com to name a few.
The important thing is to contact an agent TODAY so your home doesn’t go into foreclosure. If the property doesn’t sell in time the last thing you can do is contact your lender and explain your situation. Maybe they’ll give you a couple months to get back on track or better yet, maybe they’ll allow you to refinance into a lower rate (rates are in the low to mid 5′s for a 30-yr fixed), and by refinancing you can skip 1 to 2 monthly payments before having to begin making payments again. For ex, if your refinance loan were to close in April, your first payment would be due in early June. If the loan were to close in early May before the payment is due, you would not be required to make a payment until July, therefore skipping 2 month’s payments.
I hope this helps!
May 20th, 2010 at 12:51 am
Florida has the worst real estate market in the country right now.
house values are down as much as 50% and no one is buying
sell it fast??? – never happen – you can’t snap your finger sand expect a sale – even when the market was good, average time on the market for a house was4-5 months, now it’s 10+ months and probably more in FLA
all realtors take a standard 6%sales commission usually and in this slow market, you won;t get them to lower it any – could take 9-12 months to sell in FLA
May 20th, 2010 at 1:13 am
First especially in FL there is no way you are going to sell fast, or most likely get what you owe. Next I can easily understand getting a month behind but in two months you could not come up with a single payment? If that is the case you really have to change your lifestyle and decide which bills are important. In the meanwhile check into the new government bailout program, your bank should be familiar with it and see if you can get a modification on your loan, whenever behind with a creditor always, and I mean always keep in touch with them and let them know the situation otherwise it looks like you are trying to run away from the problem, this includes cars, credit cards etc. Too many people try to evade or hide from it then it is even harder to work out a compromise. Now get a hold of your lender and see what workable solutions there are to your problem