There are any number of forces that might be pushing you to sell your California home fast. The constant increase in the cost of living, rising medical and health care bills that are difficult to pay, the need to be closer to family—all can make the importance of selling quickly important and worrying. It can be especially stressful if you aren’t sure you can get a fair price for your property when you also want to sell it fast. You have more than one option, however, if you are looking for advice on how to sell your house in California quickly and for a price that feels fair. Our goal is to help you explore those options here.
Some problems have a snowball effect. Maybe you lost your job and, even if you were only unemployed for a short time, now you are having trouble paying your bills. Your mortgage is the biggest concern because you have a lot riding on it—your home, for one, and your credit score as well. You need to understand foreclosure in California and what happens to your credit score so that you can avoid as much damage as possible. There are multiple steps involved in foreclosing on a property and you have ways of protecting yourself as they take place. You’ll need to act fast, though, because your options become more difficult and less effective as the foreclosure process goes on. In the end, selling your house quickly may prove to be the best way for you to sidestep foreclosure altogether and preserve your credit standing.
Moving from Visalia to Fresno to be closer to family can be just as stressful as moving across the country to start a new career. Unfortunately, there is just no way around all the things you have to do to create a smooth transition. You have to inform your friends and neighbors and take the time to say goodbye. You have to change your contact information on all important documents as well as forward all your mail. You have to pack and plan for movers, then cross your fingers that everything arrives intact. You also have to sell your home. And that is probably one of the bigger stressors you will face—especially if time is of the essence and you have no idea how to get your house sold quickly. These fundamental steps, however, can help you move things along while keeping an eye toward the bigger picture. After all, the faster you can sell your house, the smoother everything else can be.
Owning and managing rental properties and the tenants who live there isn’t always what it’s cracked up to be, whether your properties are multi-family units or single-family homes. The properties themselves require regular upkeep and renters often need constant attention. And, sometimes, the passive income you get from a property just doesn’t balance out the hassle of keeping it around. That can be especially true if, for instance, you live in Visalia or Bakersfield but your property is in San Bernardino. No one likes being a long-distance landlord. Then again, it’s not easy running rental properties no matter where they are located. So, if you’re tired of being a landlord and all the troubles that go with it, what is the best way to get out? We have some options for you.
Most likely, this is the first time you have inherited a house, and the experience may be somewhat disorienting. First, there was the death of a loved one, then perhaps the long, complicated probate process, and suddenly: you have a house. So the question arises of what to do with it. If the property is habitable and in good condition, you might consider renting it out. Whether it is or not, you may also consider selling it through a real estate agent or putting it up ‘for sale by owner.’ But depending on the condition of the house and the amount of time or money you have to spare, this may prove challenging. Let’s take a look at all your choices, including one you may not have considered yet.
You may not want your bank to know that you’re facing financial difficulties. It’s the kind of conversation that we all would prefer to avoid. But that is the first thing you should do when you realize there is potential trouble with your mortgage payments ahead. Believe it or not, your bank does not want to foreclose on your house, so it may be able to offer some solutions for you. But the bank can only be so flexible. It is, after all, a business and it has its own financial interests to look after. Working with or without the bank, there are several alternatives to foreclosure available to you. Let’s look at the pros and cons of your options, including staying in control of your finances by selling your house.
Every first-time home seller wonders who is responsible for paying the real estate agent fees in California. If you are thinking about selling your old house in Walnut Creek or downsizing your current one in Tulare and have been asking yourself the same question, you are in very good company. The real estate commissions rates in California are some of the highest in the nation, averaging around six percent for a full-service real estate agent, so these fees can really add up. And, depending on your reason for selling in the first place, the prospect of paying high fees just to get your home sold may not sit well with you—or your pocketbook. It is possible to reduce what you are responsible for, however, and even avoid paying any fees at all. Let us explain.
Whether you’re selling your house to ease the financial burden of caring for it, get out from under mortgage payments, or moving for a new job, putting the wheels in motion to help you move on to your next destination can be an adventure. Unfortunately, it can also be expensive—adding even more stress to what may already feel like a complicated undertaking. Selling the house yourself, however, can lower your costs and reduce some of the pressure. That’s not to say that it won’t be a lot of hard work or without its own unique challenges, but if you know how to do a ‘for sale by owner,’ the process can pay off in more ways than you might expect.
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