You may say "I'm going to list my house with a real estate agent." I would say "Great!" What do you think you might list it for? Do you realize...that if your listing agent got a contract on your house today, it will take 50 to 80 days or longer to close? Is your foreclosure sale date before then? This might be a good option so let's look closely at the reality of a home sale in today's market. Home sales have broken all kinds of crazy records since COVID set it. Lumber prices, remote working and office closures have all been a factor. Its a seller's market for sure.

Every residential real estate transaction has the same process or steps to a successful transaction.

Step one; homeowner puts home on the market. Are you ready to show the home? 1-2 weeks prep time.

Step two; show the home and consider offers. Would you except an offer on the first day your home is on the market? 10 days.

Step three; buyer inspections. Because the market is busy this will take more than a few days. 7-10 days to complete.

Step four; loan processing and title work. Lenders and title companies are busy. Estimate 30-40 days to complete.

Step five; closing. The closing process only takes a few hours, but you will need to schedule in advance. 5 days to schedule the closing.

So if we add up the time it takes from the day you put your home on the market until the day of closing you are realistically looking at 59 - 79 days. When is the foreclosure sale scheduled? Remember the Public Trustee can not delay the sale, only your bank can. So its a good idea to be in constant communication with your bank rep.

Also keep in mind that you have to move out before closing. This means that you do not receive your cash until after you move out. Do you have the money needed to move before the closing?

So you can see that listing it with an agent right now is not really an option, unless you're willing to sell it at or about 70% of the market value. Even at 70% of the market value, it will still take 30 days to close.

Let's do the right thing, let me work with you and show you how we can get you some cash and get out our of this situation by short selling your mortgage.

90% of homeowners that are behind in payments have to sell their home quick which means that they have to sell at 70%-80% of the value for a fast closing to beat the foreclosure date! Do you fall into this category?

CAN YOU DO THAT AND STILL GET CASH?

IF SO DO IT! CALL ME AND I WILL HELP YOU WITH FINDING A REALTOR!

Beware of Realtors

Sometimes Realtors can be helpful; however, most of the time they just get in the way. They come to you and say, "I have a buyer for your home." They say this to get you to list your property for a long-term listing so they can bring the buyer by that they promised you. Most Realtors will not do this because they do not have a buyer, they just want the listing.

They will tell you that they need the listing agreement through the closing date. In reality all you need to do is put instruction on the sales contract in the "additional provisions part" stating what the Realtor will make. This is the safest way for you NOT to be tied up in a long-term listing. Just watch yourself. They will also tell you not to work with investors.

Make sure that everyone you work with puts everything in writing, including a way you could get out of the transaction without any further damage to you or your situation.

Please call me so I can show you how you may benefit by working with me.

Call me at 720-541-9991.