Kevin L Belzer - WHERE TO TURN WHEN YOU'RE FACING FORECLOSURE

what other homes are selling. This will make your house seem like a bargain and more buyers will come out to see it. • Be realistic about your selling price. If you set it too high, buyers will refuse to even view it and bypass it for other homes that are priced lower. You will not get your house sold as fast as you need to if you overprice it, and you may not sell it at all. Keep in mind that a buyer won’t pay you a premium price just because you owe your bank some money. • Ask your lender to give you some indication of how low a sale price they will accept. Take that amount and closing costs into account to come up with a listing price.

Don’t: Sell your home to an investor

• Investors always make lowball offers. This is because investors have no emotional attachment to a house because they don’t intend to live in it.

They simply want to buy it and flip it for profit. Their only concern is capitalization rates and return on investment. Potential homeowners, however, are looking for a home. They need to be able to visualize themselves happy and at ease, enjoying the sunset through the picture window, watching televised sports in the “man cave,” or sipping wine in front of the fireplace. Who

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