Do you need to sell your house to avoid foreclosure in Dallas? Learn how to stop the bank and save your credit in our latest post!
No one thinks that foreclosure will ever happen to them until it does. Unfortunately, good people face foreclosure every day. While foreclosure rates are down to about 3.6%, people are still losing their homes to the banks. The workforce is changing…many jobs are outsourcing to foreign countries, technology is replacing humans, and life can change in a blink of an eye when you lose your source of income. Maybe you are going through a divorce or are experiencing the loss of a loved one. Whatever the reason that you are facing foreclosure, dealing with the bank is probably the last thing you want to worry about.
The good news is that with a fast sale of your Dallas house, you will be able to stop the bank while avoiding damage to your credit score. Keep reading to learn how to sell your house to avoid foreclosure in Dallas.
How to Sell Your House to Avoid Foreclosure in Dallas Fort Worth
Sell Your House Fast – Dallas Fort Worth
When you need to sell your house fast in Dallas, you have two primary options. You can choose to list it with an agent and cross your fingers that it sells, or you can work with a direct buyer, guaranteeing you a sale date and price. It’s no secret that selling your house to an investor usually means you won’t get as much as you would if you sold it on the MLS, but you won’t have to deal with repairs, commissions, or marketing costs. Most importantly, you will be able to sell your Dallas Fort Worth house fast…for cash…and go on your merry way.
There are a lot of uncertainties when you list your house for sale in Dallas. Be advised that it can be risky. If your house doesn’t sell right away, and you are behind on mortgage payments, the bank may be able to push foreclosure and take your house before you are able to find a buyer and wait for them to close.
You will need to price the house to sell and make it as appealing as possible in your photos for your best shot at finding a buyer fast. Remember, you’ll want to find a buyer who can close on the house right away, as any delay could cost you the deal and the house. If you do choose to sell your house using an agent, make sure that you choose a real estate agent that specializes in working with foreclosure properties. He or she should be professional, experienced in foreclosure, and know how to work quickly and precisely to help you avoid foreclosure.
Sell Your House Fast & Plan Your Move Now
When you work with a direct buyer such as Happy Buy Homes, they will likely be ready to close in only a matter of days. That said, you will need to be ready too! You could hypothetically get an offer this week and close next week! If this happens, you will want to be ready to move as soon as possible. Figure out your moving logistics, costs, and where you plan to go. If money is an issue, Happy Buy Homes has programs to help pay for moving costs.
If you haven’t done so already, take some time to declutter. Throw things away that need to get tossed and consider selling some unused items to help with the sale. If the situation calls for it, you could even opt to have a yardsale to quickly generate cash for the items you aren’t taking with you.
You will also need to know where you are going. If finances are tight, buying a new home may be out of the question, plus it is unlikely you would be able to close as quickly as you would need to move in. That said, you may choose to rent if you sell your house to avoid foreclosure. You will need to be able to pass a credit check and come up with first, last, and security. If it comes down to it, ask family or friends to stay with them until you are able to find new housing. A sale to a direct buyer can happen very quickly. If you are dealing with cleaning, packing, and moving, you may not have the time to find the perfect place. Instead of rushing into a place that isn’t right for you, instead, try to stay with someone you know – for only a short time of course. Check around in your community as well. There are often programs to help struggling homeowners get back on their feet.
Don’t Hesitate – Get a Fair Cash Offer to Avoid Foreclosure in Dallas Fort Worth
Once the bank has begun their proceedings, it may be too late to do anything about losing your home. Your credit will be impacted, making it more difficult to buy another home in the future. It can take a lot of work to build your credit back up so if you feel you are at risk of losing your home, it is better to be proactive about it as opposed to waiting. While the process can take some time, letting you stay in the home for longer, it isn’t worth the damage that can be done to your financial future. By getting a direct, no-obligation offer from Happy Buy Homes, you will be able to run the numbers and ensure you don’t lose your property to the bank.