Did you know that, on average, a house takes 43 days to sell? And the houses that sell the fastest are usually a good size, in great condition, and located in sought-after neighborhoods. So, what can you do if the property you own or have inherited is in poor condition? Here’s how to sell a distressed property in Fort Worth, from our team of cash property buyers.
What is a distressed property?
Before you find out how to sell a distressed property, it’s important to define exactly what that is. Firstly, the term doesn’t apply to the state of the property, but the financial state of the owner. Often, distressed properties are in poor condition, but not always. Instead, these are properties owned by anyone who cannot keep up with their financial obligations where the property is about to go into foreclosure.
This could be:
- An inherited home where property taxes or the mortgage has gone unpaid for a significant period
- A home with delinquent property taxes where foreclosure processes are set to start
- A house where the owners have experienced financial troubles or divorce where owners are unable to keep up with mortgage payments or property taxes
These are typically very stressful, emotional, and complex situations – and they’re situations where the longer it takes to sell your property, the worse it can become. The best solution is to sell your property quickly to avoid foreclosure, protect your credit record as much as possible, and maximize the amount of money you receive. Foreclosure sales are notoriously low profit and the last thing you want is to end up having to continue to repay a loan for a home you don’t even own anymore.
Fortunately, our talented and compassionate real estate team has a quick and simple solution to help you get out of foreclosure and sell a distressed property.
Here’s what to do to sell a distressed property quickly
Here’s how to sell a distressed property quickly and avoid foreclosure:
#1 – Lower your asking price
Most real estate agents will give you a free appraisal of your property so that you have a clear idea of what it is worth. But in cases of a distressed property, the costs are mounting up each month, so it’s worth it to lower your price so that it sells quickly. Start by calculating what your costs are each month (including penalties) and weighing it up against what you want to sell the house for if you wait longer for a buyer. Ultimately, you want to eliminate or minimize your financial burden as much as possible.
#2 – Consider alternative ways to sell your property
A real estate agency is not the only way to sell your property – and it’s usually the costliest option too! There are other ways to sell without paying real estate commission, including selling your home privately and selling to a cash for property Fort Worth agency. Both of these options are viable and effective, although using a cash for property agency is much faster and cheaper than selling privately.
#3 – Act quickly
When you have a distressed property, time is of the essence. There’s only a short window of time where you can sell to get out of foreclosure, and even if you aren’t yet facing foreclosure, every month means more costs and penalties rack up. Don’t sit and wait for offers to come to your door – be proactive and approach cash property investors directly. Remember, a cash for property agency can buy your home in just 24 hours, but remember to work with a reputable, ethical, and fair agency.
We hope you found our article on how to sell a distressed property helpful! But that’s not the only way we can help you.
Want to Sell a Distressed Property Quickly? Our Cash for Property Fort Worth Agency Buys Houses in 24 Hours!
When you want to sell your house quickly, there’s no one better than Shiny Key Properties! We purchase property in any condition, at any time of year, from well-kept family houses to teardowns. If you want to sell property as is without having to look for a buyer, deal with a real estate agent and pay their commission, or even empty the property, then the best option is to sell directly to our cash property buyers in Fort Worth. We price your property according to the market, so you get a fair deal in record time!
We can sell your property in 24 hours, putting a lump sum into your account in just a few days. Here’s how our process works:
- You enter your information on our website. We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
- You can accept or reject the FREE NO-OBLIGATION offer
- Cash will be deposited into your bank account – with no real estate agent fees
- We can handle all aspects of the process, including clearing out the property
- You can also call us directly on 469-858-008
That’s all there is to it!
You can also download our FREE eBook for more information on how to sell your property in 24 hours.
Our team is compassionate and highly motivated to offer you the best possible market-related price for your inherited house, so you can sell your property in 24 hours. Not only does this cash go straight into your bank account as soon as the sale goes through, but you also pay zero real estate agent commission.
At Shiny Key Properties, our trained consultants have years of experience in assisting local and out-of-state property owners to sell their property as is. To find out more about our cash for property Fort Worth service, please contact us today and speak to one of our friendly team members.