Photo from Unsplash
Originally Posted On: https://lisabuysaustinhouses.com/six-things-you-should-know-about-austin-foreclosures/
If you’re part of the Austin real estate market, you might not be aware of the Austin foreclosure and sales process when it comes to selling your home.
It’s a lot simpler than you might think. Selling your home can be a stressful time, for whatever reason. However, there are companies out there that can streamline the process for you, and make it easier.
In this article, we will explain the 6 things you need to know about Austin foreclosures.
1. You Can Receive an Offer in 24 Hours
If you don’t have the luxury of time when it comes to selling your home, that’s not an issue. Circumstances such as relationship breakdowns, separations, foreclosures, and urgent relocations can happen to anyone.
This is where you can receive help to sell off your property fast. By filling in a simple online form, you can then receive a cash offer within 24 hours and have that money in your pocket by the end of the week.
This quick turnaround means you can get back to normality or start afresh wherever you choose.
2. Don’t Fall Victim to Scam Companies
As soon as you have to put your home into foreclosure, you might get hounded by plenty of companies all offering to get you out of foreclosure. There are a few scam companies in Austin real estate — don’t fall victim to their schemes!
Do your research and read the testimonials of other clients before agreeing to anything. Your home can be one of your largest monetary assets — make sure that it is looked after by a reputable company!
If someone is claiming something that feels too good to be true, the chances are it is. Scam companies will often capitalize on a seller’s fear or the fact that it’s time-sensitive and take advantage.
Be wary of anyone who knocks on your door unsolicited or anyone who cold calls you.
3. Do Your Market Research
It’s always a good idea to get an indication of how the Austin real estate market looks if you are wanting to sell your home.
Currently, home prices are often going for between $30-$50k over the appraisal value. However, with a foreclosure, they tend to go a bit below market value, so this is worth bearing in mind.
Look at some of the homes in your area that have recently been sold. This can give you a rough estimate of how much your home could be worth. It’s also worth comparing properties that are of a similar size and specification so you get a closer and more accurate reading.
4. You Don’t Have to Let Your Home go to Auction
Stress and anxiety over having to sell your home are not good for your health. This can lead to sleepless nights, low moods, and even bring on more serious health complications.
Many homeowners who go through this period say it was a really difficult experience for them. Especially, if they were forced to sell their home at auction.
This draws out the process, meaning that people aren’t able to move on and have a fresh start because the majority of their money is tied up in their home.
Also, one of the problems with auctions is that homeowners can’t control how much the home will go for. This instability and uncertainty can add to stress levels and impact people’s health.
With a company that buys your home there is no need for the house to go to auction. You get a fair and guaranteed offer from the company and you’re able to rest assured.
5. You Can Sell Your Home in Any Condition
The problem with trying to sell your home after it’s in foreclosure is that there may be maintenance or repair work that needs doing to it. When there is maintenance work needed on your home, it can put off potential buyers as they want a home that is ready to move in to.
Selling your home to a company means your home will be bought in any condition. It doesn’t matter if the garden needs weeding or the house is messy — the company will give you a fair offer on the home regardless.
This is ideal for those that don’t have the luxury of time. Staging your home for potential buyers is time-consuming, and not to mention exhausting.
You also might not have the available funds at your disposal to make any necessary repairs, so this can hinder your chances of selling.
With receiving an offer from a company that will buy your home, they don’t discriminate on the aesthetic appearance of a home and will guarantee you a fair offer.
6. You Don’t Have to Pay any Fees
Fees when buying or selling a home can easily run into the tens of thousands, depending on the property.
This can be a real issue if you don’t have the upfront cash to pay off the fees. However, by selling your home to a company such as Lisa Buys Austin Houses, you don’t need to worry about any mounting fees.
We will pay your closing costs and there are no realtor fees whatsoever. You can sell your home to us in any condition and it can go into escrow in as little as 7 days.
Austin Foreclosures: Where Can I Find Out More?
Austin foreclosures on your home don’t have to be a negative experience. By getting in touch with a trusted company that will offer you a fair price, you’re able to start anew.
We can also work with you to prevent any excessive damage to your credit and help to get yourself back on your feet, quicker.
If you want to learn more about foreclosures and Austin properties, contact us directly to speak with one of our advisors. We look forward to hearing from you!