The financial crisis of 2007-2009 has sent U.S. homeownership rates down, with many people deciding to live in urban areas where they can afford rent, rather than spend their money on a house that they could potentially lose money on. But renting is also expensive and having no equity in your house means no security in the future — which is why you might want to consider selling your house for cash instead if you’re looking for a better financial situation without having to leave town or buy something that won’t appreciate as real estate would. You can check https://www.kindhousebuyers.com/wa/seattle/ for more information.
Some tips to Sell your house for cash in Seattle:
- If you’ve been thinking of moving out, run the numbers to see if you can afford it. Renting is expensive! Between your mortgage, maintenance, insurance, and utilities, it may not be worth it for you to leave behind a place that’s already paid for.
- Look into selling your house to a real estate investment firm. If you need quick cash, and can’t wait around to be approved for a loan modification, selling your home to an investment firm will give you a large chunk of money right away. You’ll need to do some research before you choose an investor — they mustn’t try and scam homeowners or charge hidden fees.
- Tell the lender that you’re looking into putting the house up for sale, instead of having it foreclosed on. If they see that you’re making a real effort to sell your house, they may be willing to work with you on a loan modification.
- Try talking to a real estate agent about selling your home. Forget the bank and try going through them! A realtor will help you find the best possible buyer, figure out the best price for your home, and even help get rid of any junk that might be inside your house that is making it harder for someone to want to buy it.
- If you don’t have much equity in your house, selling it for cash may still work better than selling it for less because you’ll have to pay fees associated with foreclosure anyway.