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We Will Buy Your House Now; But Why?
By Kris Koonar
You may have seen these ads in your local town, posted in the newspaper or on a billboard, and in a seller's market; they might seem a little weird. After all, who would sell their home for less than they could get for it, by selling fast, to a person or company buying it sight unseen?
Well, there are many reasons this works for buyers, and when you get into the meat of the home sale dilemma, it may well be that selling fast – and dodging a realtor's commission in the process – is the right option for you.
Why would someone want to sell their home now? Well, let's say you inherited a home from a relative, and it needs some real tender loving care to make it worth a good price. You could put the hours and days and weeks of work into it that it might need – perhaps a new roof, or replace the floorboards – but that's a lot of effort, and an investment of your own money, to get a sale price that you HOPE is going to be better than average.
Another reason might be that you're having financial difficulties – perhaps you locked into a that had a nice adjustable rate that, after five years, kicks back into a rate that isn't so easy for you to handle. So what do you do? Sell up? But that can take six months or more, and you have to give a real estate agent 6% or more, and let's face it – all you want is enough to settle the and make a little profit. So why not 'sell now'?
People have plenty of reason to sell quickly – maybe they lost a good job and are having trouble finding a new one at the same pay-rate. Or
buying a mobile home on a rented lot
Am in the process of divorcing my present husband and found this mobile home to live in. What would be a good way to finance it?
Who owns the home
My friends son passed away several years ago, his mother lived with him prior to his death and has paid the mortgage, property taxes, insurance, etc... on the property for almost 10 years. She is wanting to get the property in her name and Bank of America will not talk to her. Her son has a child who is almost 10 yrs old who lives with his biological mother. My friend says that she will do a will and live the property to her grand son, however can the 10 yr old son's mother take the home afte...
Inquiries to dissappear completely?
I have 5 inquiries that are due this month from different credit bureaus. Basically I will be inquiring free on Experian and about 3 inq on TU and EQFX. They will be 1 year old......according to USAA credit monitoring. Is this the right time or I will need to wait 1 more year for the inquiries to dissappear completely? Thanks for the answer
Letter of explanation
Please help. My underwriter wants a letter of explanation on a couple of late car payments from 2 years ago. The car loan was in my name but the car was my sisters? should I say that? Will they think I?m full of it? Anybody have similar experience?
File with underwriter
Well, my file went to the underwriter on Monday after we worked with our broker to get everything together. Now, they are playing the waiting game. I know that someone has looked at the file only because they did come back on yesterday asking for us to sign 2 forms that were not included in the file. I have followed up with our broker today to check status and he is placing a call with the lender. Fingers crossed we can get our answer soon.
Divorce
My husband and I own commercial real estate. We are contemplating divorce and have been legally seperated for 2 years now. The joint property we own, he operates a shoe repair and uphostery shop and he resides there. He has full use of the property and he wants me to share in with the mortgage, insurance, and taxes. He receives all profits and does not share any with me, but he wants me to share in the cost of his expense. He gives me $300 a month for our 6 yrs old daughter and not on a regular ...
Banks selling mortgages - Escow mess ups & raised Mort Incre
My Husband and I just went through a mortgage modification loan with a bank. We were andquot;forcedandquot; to not pay our mortgage for 2 months in order to qualify for the modification loan. We have always made our mortgage payments on time. We got the Mod. loan.
Since the sale of our mortgage, 2nd time banks have sold our mortgage to another bank, our escrow gets screwed up, monthly payment goes up.
Currently the andquot;NEWandquot; bank now holding our loan, is harassing us by saying that the e...
Feedback on GFE
Just got a GFE from a broker on a loan amount of 350k and wanted to get some feedback.
Rate = 3.875
801 = 7k
802 = 11k
Is this standard? With the 801 fee the APR is slightly north of 4.
Previous year tax returns
How greatly do previous years taxes filed effect your ability to obtain a mortgage? Do you have to have the same level of income for the past two years to get a mortgage loan?
Close cards before pre-approval
Hi? I?m trying to get pre-approved for my first mortgage loan within a few months. My present score is 786. I paid off a vehicle loan with time payments. I have 6 credit cards 3 are department store cards with a combined limit of around 8k with no balance the other 4 are regular visa cc's with a limit of 9k combined no balance or late payments. I want to close 3 of the visa cards bringing my limit back to 5k. The one I am keeping I just opened about 2 weeks ago. My question is if I close the...
maybe there was a divorce and both parties need to sell to split the proceeds. Or perhaps the housing market is looking perilous, like it might just collapse at any time, leaving you owing a fortune on a home that isn't worth squat.
Sometimes people choose to sell fast, not out of peril, but out of opportunity. For example, let's say you found a new home that you fell in love with, and the price is great, and the neighborhood is coming up, and you have to do the paperwork in a month's time – are you really confident that you can sell your home in that time? Can you carry two mortgages while you wait for the right price, or would it be better to just sell 'as is now'?
That's why Asisnow.com exists – to help people who really need to sell their home sooner rather than later. We help the people who don't want to spend $12,000 in realtor fees, and who don't want to have to paint every wall of their home for two weeks in order to get a few hundred bucks more on a sale price. We do what we do, because sometimes you just want to sell your home NOW.
Drop us a note and tell us about your home – we'll buy it, and we'll buy it fast.
About the Author
We will buy your house As Is Now in any condition including Ugly Homes. If you need to Sell Your Home Fast Orlando, Jacksonville, Atlanta, Charlotte, Cincinnati, For Lauderdale, Houston, Tampa and Fort Myers. Visit us at http://www.asisnow.com/main.php?page=home. Call 1-800-AS-IS-NOW (800-274-7669).
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