Five Things To Consider Before Selling Your ‘Distressed Property’

There are a lot of people around the globe that buy lands or extra houses for the sake of investment. However, they don’t sell them for a long period of time. But as soon as the need arises, they know that it is time for them to sell the property.

It doesn’t matter if you are an investor or not; if you have a distressed property, you can always get a good amount of cash for your house. This money can then be used for different things; it can pay your wedding bills, old debts that need to be cleared on urgent basis and also help a loved one, who needs some cash.

But wait a minute… just because you have a property does not mean that you need to sell it at any price that the distressed property buyers offer to you; there are a lot of things in your property that influence the buyers.

If you are wondering about the top five things that you need to consider before selling a distressed property or before getting quick cash for your house, here is a list for the same:

Do you really need to sell the property? – This is perhaps the first thing that you need to ask yourself. If the problem is nothing major and you can wait for the money to come from some other sources, DO NOT sell the property in hands. Always remember one thing – property rates keep increasing and you have surely got to find your own ways in which you can maintain the property in its best condition. No doubt we buy houses and are known for the kinds of offers we make to the distressed property sellers, we do not motivate people to sell their properties unless the need is really urgent.

Is there any other way in which you can use your property? – Rather than selling your property for money, you can always put it on rent and earn a good amount of money every month. When the tenants give you a regular amount, it is like a salary to you. The moment you run out of cash, you know that the tenants are going to pay you rent and you can run your monthly financial needs without worrying about money. You can also take loan against property, if you believe in the concept of loans. If there is no other way in which your property can be used, then you surely need quick closing for the same.

Learn about different distressed property buyers – Just like we buy houses, there are many other companies in the market that are into the same concept. However, they don’t offer you as much as we do. Moreover, even if some of the companies offer you good rates for your distressed properties, they don’t end up paying you the same. They find different flaws in your property, so that they can pull the rates down and give lesser amounts to you. Thus, you need to learn about different companies and their quotations, before selling your property for cash. Did you know that depending on your situation, we can sometimes help you do a loan modification to help you STAY in your property if you want? OR we can sometimes purchase your property and rent it to you, or lease it back to you with the option to buy it back on a pre-agreed upon price? Not all companies are willing to do that - that’s what makes us different. 

Does the property buyer pay in cash? – If you think all the property buyers pay you in cash, you are not aware about the others that are into check systems. You need to find those buyers, who buy the properties in cash. Don’t fall for the games of some of the property buyers. When we buy houses, we understand your desperation and need for money. Thus, we ensure that you get the money in cash, so that you can use it for your need.

Does the house or property need repairing? – This is something that you must find out – if you have a prettier house or property, you can sell it at a much better price. Therefore, you can always repair the property, if you have a little bit of money in your hands. We don’t expect you to invest money in heavy repairing, but if there are minor things that need to be attended in the property that you have, don’t neglect them. Get them repaired and see how much the distressed property buyers pay you for the same.

Even though we are ourselves into distressed property buying processes, we allow the customers to take their own sweet time to think whether they really want to sell their properties or not. We understand how close your property is to you – a person saves a lot of money to purchase a piece of land and construct something on the same. No doubt this land is nothing, but an investment at times, you must always think hard before you sell your property. If you are sure of selling, remember – we buy houses at the best rates in the market!