How to Sell Your House Fast Before Foreclosure

Being foreclosed on is not a pleasant event, and it can haunt your credit score and make it
unbearably difficult or even impossible to get a mortgage loan over the next seven years. Seven
years! To prevent this kind of credit catastrophe, one of your best options to consider is selling
your home. In many situations though, you’ll need to do this quickly in order to prevent being
foreclosed on. While foreclosure is a process that can take a few months to a year to happen,
selling a house can also be a bit of a lengthy process as well, so you should start thinking sooner
rather than later, “I need to sell my house fast!” If foreclosure is coming and you know it, read
on to minimize the damage to your financial future.

Deciding on Pricing

Since you’ll want to be selling your home quickly, you likely won’t be able to sit around waiting
for the perfect buyer to appear to pay the price you think you deserve. In fact, it’s much better
for you to take a hit on the money you receive for your house instead of getting foreclosed on.
This will require pricing your house aggressively, and definitely not overpricing it. To guarantee
a fast sale, you’ll want to entice potential buyers by thinking your house is a bargain. Look at
the final sale prices of other similar properties in your neighborhood that have been sold recently
and take 10 percent off of that average to arrive at your aggressive sale price.

If however you’re in the unfortunate state of owing more on your house than it’s worth, you’ll have
to take even more steps to complete what is known as a short sale. To do this, you’ll have to work
directly with your lender to get their acceptance of such a sale. While not having the money to
make up the difference between the short sale and what you still owe on the house can also damage
your credit, it still won’t be as bad as the consequences of a foreclosure either.

Sell my House Fast!

Once you’ve priced your house, it’s time to start marketing it. Get online and post your house on
every listing website you can find. Even if cash is tight, hiring a professional photographer to
take shots will drastically improve the reception you get from buyers looking online. You’ll also
want to change out cheaper things that can make a house look new. This includes paint, carpet, and
other cosmetic changes that are cheap in nature but can make a huge difference in the overall feel
of a house. By doing the legwork to market your house and price it right, you’ll be able to sell
your home quickly and avoid the horror of a foreclosure.

How to Sell Your House Fast Before Foreclosure

Just Contact

With Michigan House Buying you don’t have to put the effort in the marketing part.  We will buy your home no matter the condition.

Fill out the form on the right and start telling us about your home!  We are cash buyers for your home and can quickly get you the cash

you need, and have you avoid the stress of foreclosure, fixing up the home, and more.