“I’m behind in payments…will I be giving my house back to the bank in Atlanta ?” Nobody wants to lose their home. But sometimes financial circumstances turn against you and those financial commitments become simply too much to manage. If your situation progresses too far, you may be forced into the unfortunate situation of having to give your house back to the bank in Atlanta Georgia, leaving you temporarily without a place to stay. In addition, there may be long-term consequences, including a dramatic and long-lasting impact to your credit (and your ability to get a house in the future). No one wants that. That’s not an ideal outcome. Fortunately, there is a strategy you can take today to help you proactively protect yourself and get back on track to financial solvency. Here’s a brief overview of the foreclosure processThe foreclosure process can vary depending on location and the type of mortgage you have. Usually, if you miss a few mortgage payments, your loan company will start sending you notifications and then warnings. Over time, if you fail to pay back the mortgage payments you missed, the loan company may put your home up for public auction. How long you can stay in your house after it is sold in auction depends on the state where you live. At some point, however, you will need to find a new place to stay. Fortunately, you have options!If you wait until your home is foreclosed, it can have a devastating effect on your credit rating. One option to protect yourself is to work out an arrangement with the loan company called a “deed in lieu of foreclosure”. This is when you hand over ownership of the house to the loan company so that they save the money they would spend on foreclosure proceedings, which can be significant. And you get to avoid having a foreclosure listed on your credit rating. You can also avoid foreclosure by selling your house before it’s lost at the auction. If your loan is paid in full then there will be no more penalties against you and your credit rating. (If your loan isn’t paid in full you will need to make up the shortfall). Here’s an example: Let’s say you owed $100,000 on your home and you sold your home to us for $90,000. You would give that money to the loan company, along with $10,000 to make up the short-fall, and your loan would be paid off. (If you contact a real estate attorney, you may be able to negotiate a deed in lieu of foreclosure deal in which the loan company agrees not to go after the difference in exchange for the deed to the house. At Cash Homebuyers Atlanta, we’re professional real estate investors. Contact us today at 770-769-5295 to find out what we can offer you for your house — even if it needs repairs. I want to avoid giving my house back to the bank in Atlanta !Why do people choose to sell their home instead of going through foreclosure? (After all, they still don’t live in their home anymore.) Well, losing a home can be difficult but the impact on your financial situation and your credit is considerably less than if you simply wait out the foreclosure process. In fact, going through foreclosure could impact your credit score by as much as 100 to 150 points. So the short-term challenge of selling your house is still a better choice than the long-term pain of giving your house back to the bank. Interested in learning more about a proactive option besides giving your house back to the bank in Atlanta ? Call us at 770-769-5295 or fill out the form to get more information
The post Giving My House Back To The Bank In Atlanta appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/giving-my-house-back-to-bank-atlanta/
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Selling a home is usually far from easy even in a seller’s market. The competition with other sellers is always keen (sometimes fierce), so you have to find ways to make your property stand out from the crowd. But you can do it, especially if you have a good agent to advise you throughout the process. All it takes is an understanding of the different ways to sell your home in Atlanta . Have a SleepoverOne of the different ways to sell your home in Atlanta that is growing in popularity is the “sleepover” strategy. Here’s an example from HomeLight: “When Debbie Rose and her husband wanted to sell their Stamford, CT, home a few years ago, they quickly grew tired of ‘showing’ their place whenever potential buyers wanted to see it. So when a coworker mentioned that she was in interested in moving to Stamford, the couple offered up their home for a weekend getaway. The guests loved the house and town so much they made an offer on the home a few weeks later.” Now, this strategy may not be for everyone, especially if you don’t know the people who will be staying in your home. But if you have a buyer who appears to be serious, but is still on the fence, letting her experience living in your home just my sway her over to your side. You do, of course, need to check the people out, and your agent can help you set up and facilitate such a “sleepover” strategy. Use the Power of Facebook and RewardsAnd don’t neglect Facebook as one of the different ways to sell your home in Atlanta . Social media, especially Facebook, is a powerful marketing tool with enormous reach today. It’s also easy to share information on Facebook, and you can definitely use that to your selling advantage. What you can do is post your real estate listing on Facebook and then inform your Facebook friends that you will be offering a monetary reward for a share of your post that results in a sale. With money as the motivator, all those Facebook friends will be more than willing to share your listing with all their friends. And that is the kind of marketing reach that is hard to beat. The reward could be something like a Visa gift card. It doesn’t have to be a huge reward, but it does need to be enough to pique interest and provide the incentive for sharing. “In 2015, a Canadian couple offered a whopping $1,000 to the person whose share led to a sale” (HomeLight). And if you have experience with Facebook ads, you can run this reward offer in conjunction with those highly targeted ads. Offer an Enticing FreebieThere’s also no denying the power of free among the different ways to sell your home in Atlanta . “When Gene Caballaro . . . wanted to sell his Murfreesboro, TN, home to move to the city, he knew he wouldn’t need his car anymore. So, he parked his two-year-old Nissan Maxima on his lawn with a sign that said, ‘Car comes with the house!’ Needless to say, he sold his home within three days.” You don’t have to do anything as outrageous as offering your car for free with your house. You can still get results by offering freebies like patio furniture or a bedroom suite. People are always more interested and motivated when they know they’ll be getting something free with their purchase. Create Virtual Tour and/or Live StreamA highly effective tactic among the different ways to sell your home in Atlanta is the one that involves allowing prospective buyers to tour your home from the comfort of the living room on the other side of the country. And you can do that by creating a virtual tour or live streaming a “day in the life” of your home. It may sound like a lot of technical effort, but keep in mind that 77% of home buyers begin their home search online. Consult your real estate agent if you want to do this because she probably has some experience with it. She will likely also have some preferred sites for creating and sharing virtual tours. Hire a Good AgentThis is the traditional, tried-and-true way to sell a home and for a good reason . . . it works. But if you want to try different ways to sell your home in Atlanta , go for it. Just know that if these tactics fail, there’s always the old reliable way to fall back on. The new, the original, the outside-the-box doesn’t always work in every instance. But the proven method always works to some degree other. But you have to have a good agent. WE CAN HOOK YOU UP WITH A RESULTS-GETTING AGENT. JUST GIVE US A CALL TODAY AT 770-769-5295!The post Understanding The Different Ways To Sell Your Home In Atlanta appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/understanding-the-different-ways-to-sell-your-home-in-atlanta/ Real estate markets fluctuate — sometimes they are really hot and there are so many buyers that sellers will list a property and it gets snapped up the same day. Sometimes markets are kind of soft, which means a house might stay on a listing for weeks or even months without getting any offers! Homeowners who are selling their homes in the second kind of market are often surprised and dismayed to discover just how long it can take. That duration can be disruptive to your life, especially if you have to wait for the sale of your own home in order to buy another home or move to a different city. Whether you’re choosing to sell your house yourself, or you’re using the services of a real estate agent, here are some tips to help you sell your house as quickly as possible. Here’s how to sell your home fast in Atlanta Georgia!Capture attention Selling your home is a SALE. And in every sale, you need to start by capturing the attention of potential buyers. This means making your home stand out, or doing something that makes someone stop and look. Sometimes it’s a red-colored door in a neighborhood of bland doors. Maybe it’s a weird price that makes people look twice. Maybe it’s a funny title in a marketing brochure. Differentiate from the neighbors To draw in a potential customer, you should try to make your home memorable. Consider putting colorful designs such as high grade windows, landscaping and even a new roof. These things will improve the look of your house and raise it’s value. Remove the clutter It is crucial to eliminate all the clutter from the house before showing it off. This is because people need to picture themselves in that space. Therefore, you might want to get rid of some furniture to create a larger space, and also removing all your family photos and other personal belongings. You can hire an expert to clean the clutter on your behalf. Sweeten the deal You want to sell your home faster in Atlanta Georgia? Then learn how to sweeten the deal. You can offer unique terms that will sweeten the pot. For instance, paying the closing costs for your customer. This will attract more attention from those who are hunting for the best house deals in Atlanta . Market your house everywhere As you promote your house, be sure to market it everywhere you can. Use social media, websites, blogs, video, and anything else you can think of to get the word out about your house. Even if your real estate agent is marketing the property, you should do your own marketing to promote the property too. Here’s another way to sell your house fast that you might not know about…Did you know that there are real estate investment companies out there that buy houses for cash? At Cash Homebuyers Atlanta, that’s what we do! We find properties and buy them for cash… we’ll even buy them as-is and we close very, very quickly (often in as little as a week). If you want to market your house yourself hoping to get the highest offer possible, go ahead — we’ve given you some great strategies in this blog post. But if you want to act really fast and sell your home right away to us, get in touch at 770-769-5295. Want to sell your home fast for cash?Contact us at 770-769-5295 or by filling out this form and we’ll tell you more.The post How To Sell Your Home Fast In Atlanta , Georgia appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/sell-your-home-fast-in-atlanta-georgia/ Should you sell your house in 2019? By all indications, if you are wanting to sell, 2019 will be a good year to do it. According to U.S.News, “2019 might be the best time for you to put your house on the market. Especially if you’re on the fence about selling this year or next,” it’s better “going with the devil you know rather than the devil you don’t.” So here’s what you need to know about selling a Snellville house in 2019. Home Prices Are Still Rising, But SlowlyThe first thing you need to know about selling a Snellville Ga house in 2019 is that home prices are still going up – though at a slower rate than previously. During 2017 and into 2018, home prices made a huge leap of 10%. While home prices are expected to continue increasing throughout 2019, it will be at a much more modest rate, somewhere around 1%. This slowing increase in prices can be attributed in large part increasing mortgage interest rates and the general economic uncertainty that obtains right now. The upshot is that many buyers remain uncertain about purchasing a home, and, as a result, price increases are slowing. New construction, though, is a different matter, with plenty of eager buyers and prices still moving upward at a good clip. This is all good news for sellers. First, when you sell your house, you are likely to make a decent profit. But keep in mind that you may have fewer offers because some buyers are being priced out of the market. And this means that you have to do more to stand out from the competition. The best course is to rely on your agent for preparation and marketing. (Find out more by calling 770-769-5295.) In addition, you will have to be patient about offers, not accepting the first one that comes along. If you wait long enough, though, you will probably get an offer at or near the price you need. Interest Rates Are Going UpAnother crucial thing you need to know about selling a Snellville house in 2019 is that mortgage interest rates are going up. They’ve been at a standstill for a few years, but are now on the rise. Financial experts expect interest rates to increase to around 5% for 30-year mortgages and about 4.4% for 15-year mortgages. It’s been nearly seven years since mortgage rates were at this level. This is actually good news, though, indicating a stronger economy. In order to stabilize this strong economy and stem rising inflation, the Federal Reserve has increased short-term interest rates. These increases then make their way down to banks and mortgage interest rates. Again, rising interest rates may mean you will have to wait a little longer to get a good offer on your house. It may also mean you can sell your house much quicker and get more offers. The reason for this more likely scenario is that buyers are eager to make a purchase before interest rates get any higher. The fact that buyers want to beat further increases can work to your advantage as a seller. The Millennials Are ComingWhat you also need to know about selling a Snellville Ga house in 2019 is that there will be a huge influx of new buyers – millennials. They are maturing and settling into solid careers, and they are ready to buy homes. Among millennials, the average household income has risen to over $80,000, so they are seeking to buy first homes in middle-and upper-middle-class neighborhoods. While baby boomers are retiring and downsizing, millennials will make up the majority of larger home buyers. Predictions are that in 2019 they will take the lead in the sheer number of mortgages at about 45%. As a seller, then, you’ll need to market to millennials. What you will need to do is partner with an agent who is savvy in online marketing because millennials are certainly Internet savvy. To cater to millennials, here’s just some of what you will need to keep in mind about them:
2020 Looks ShakyThe final thing you need to know about selling a Snellville house in 2019 is that 2020 doesn’t look all that promising at this point. “If not selling your home in 2019 means putting your house on the market in 2020, the sooner option is the best one. In a survey of 100 U.S. real estate experts and economists” by Zillow “almost half expect the next recession to occur in 2020” (U.S.News). Obviously, then, 2019 is the year to sell. If you’re ready, just contact us today at 770-769-5295.The post What You Need To Know About Selling A Snellville House in 2019 appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/what-you-need-to-know-about-selling-a-atlanta-house-in-2019/ Local Georgia homeowners who are facing a financial challenge may find themselves in foreclosure. Foreclosure is when the mortgage loan doesn’t get paid back and the bank begins the process to take ownership of the property to recoup its losses. If you find yourself entering the foreclosure process, you might wonder if there is anything you can do about it. In this blog post, you’ll read about a few foreclosure prevention measures in Atlanta that you can take to keep your home from foreclosure. Foreclosure prevention measures in Atlanta GeorgiaThese foreclosure prevention measures might not all work in your situation but we’re telling you about them so you can make the decision for yourself: 1. Pay off your mortgage / sell your property. The quickest and easiest way to end the foreclosure process is to pay off your mortgage. After all, this is all the banks wanted in the first place so they would be happy to let you stay in your home and they get their money back. Admittedly, this is not always possible, which is perhaps the reason that you’re in foreclosure in the first place. 2. Work out a deal with your bank. Sometimes you can work out a deal with your bank where you sit down with a mortgage or foreclosure specialist and talk to them about changing the structure of your mortgage. Perhaps your payments get spread out so they are lower each month, for example. Just make sure that the deal works for you — you don’t want to just repeat the process. 3. Do a short sale. A short sale is when you sell the property and use the proceeds of the sale to pay down or pay off your outstanding amount with the bank. This keeps a foreclosure from impacting your credit score and it gets the bank off your back! 4. Give your deed in lieu. Another option would be a deed-in-lieu-of-foreclosure, which basically means that you will hand over the deed to your house to the bank and they agree not to put you through foreclosure. This will often only work if your house is worth approximately the amount owing on the mortgage. If not, the bank may pursue the difference. 5. File for bankruptcy. In some ways, a bankruptcy is far more dramatic than a foreclosure because it impacts your whole life. However, once you file for bankruptcy, the foreclosure process has to stop so it’s still a foreclosure prevention measure. If you’re not sure which one to do, consider this: If you can afford payments and you want to stay in the house then a foreclosure workout arrangement (#2) is probably your best option. If you want to put everything behind you and move on with your life then consider selling your home and paying off your mortgage with that money. Considering selling your Georgia house?We buy houses in Georgia for cash and would love to see if we can help you during your short sale. Contact us by filling out the form on this page and we’ll see if we can work with you.
The post Foreclosure Prevention Measures In Atlanta and the rest of Georgia appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/foreclosure-prevention-measures-in-atlanta/ Buying or selling a home is a big deal in lots of ways. It’s possibly the largest financial transaction of your life and involves a host of legal intricacies. You can, of course, do it all on your own without the assistance of a real estate professional, using a for sale by owner set up on either end. But should you? To help you decide, here are our 5 reasons you need to hire a professional when buying or selling a house in Atlanta . 1. ObjectivityThe first reason you should hire a professional when buying or selling a house in Atlanta is that an agent can provide objectivity. This is something both buyers and sellers are often sorely lacking. And without objectivity, you aren’t likely to get the best deal. If you’re a seller and you’ve lived in the house any length of time, you have an emotional attachment to it. It is, after all, the place you’ve made your home and where you’ve raised your kids. The problem here is that you may, because of this emotional attachment, be offended by low offers and drive away potential buyers. On the other hand, if you’re a buyer, you may fall so in love with certain features that you overlook major flaws. Whether you’re a buyer or a seller, these emotions will hinder your negotiating ability and your ability to rationally consider all factors. An agent can help you achieve some objectivity and so help you avoid a financial blunder. 2. MarketingYou also need to hire a professional when buying or selling a house in Atlanta for her marketing expertise. Sellers can’t just stick a for-sale sign in the front yard and hope for the best, and buyers usually see little success at finding what they want by just driving around. A few especially successful agents invest up to 30% of their commission in marketing. Today, real estate marketing involves more than listing on a few sites and buying a classified ad in the local paper. It takes top-notch listing photos, staging, and inventive online marketing, even virtual tours. It also requires a good measure of copywriting skill for the descriptions in the listings. Some agencies even have a marketing expert on staff to handle these matters. 3. PricingMaybe the primary marketing tool is judicious, strategic pricing. And to get the pricing right, you need to hire a professional when buying or selling a house in Atlanta . This is especially critical for sellers. The critical time for selling a home is the very first week it is listed. After a few weeks, it is considered past its selling prime. That’s why pricing right is so utterly important. If you price too high, your house will languish unsold on the market, and buyers will then begin to think something is wrong with it. Price too low, and buyers will automatically think something is wrong with the house. By performing a comparative market analysis, your agent can determine the right price range for a quick sale. An agent can also help buyers avoid overpaying with the same pricing tool. If you get the price wrong, you pretty well shoot yourself in the foot as a seller. 4. Negotiations and PaperworkAnother crucial skill for sellers and buyers is negotiating – if you want to get the best sale price possible or if you don’t want to wind up overpaying for a lemon. But most of us don’t have this skill because it takes years of training and experience. That’s why you need to hire a professional when buying or selling a house in Atlanta . In addition, there’s a ton of paperwork involved in the sale of real estate, especially at closing, and most of it has legal ramifications. Do you really want to handle all that on your own and run the risk of landing in legal hot water? When you hire a professional to take care of it, that professional assumes all the associated legal liability. 5. Things that MatterA final good reason to hire a professional when buying or selling a house in Atlanta is so that you don’t invest time, labor, and money in the unimportant things. If you’re a seller, you may think you need to remodel the kitchen. But your agent will help you see that all you need is a new range and a new mailbox. And again if you’re a buyer, it’s easy to notice and get hung up on the smaller flaws and alienate the seller with a lowball offer. Sellers need to make sure they make repairs and upgrades that will yield a good return on the investment at sale time. Buyers should concentrate on those matters that are genuine concerns when negotiating for a lower price or concessions. An agent can be an invaluable asset here. To discover even more about why you should hire a professional when buying or selling a house in Atlanta , contact us at 770-769-5295 now!The post 5 Reasons You Need To Hire A Professional When Buying Or Selling A House in Atlanta appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/5-reasons-you-need-to-hire-a-professional-when-buying-or-selling-a-house-in-atlanta/ Few things are more devastating to families than the prospect of foreclosure. You own your home and you love it — it serves you well. Yet, due to unfortunate circumstances, foreclosure may seem imminent. For local Georgia families facing foreclosure, the stress can be almost unbearable. Worse yet, the foreclosure process can take months or even years, stretching out the pain for longer than anyone wants. Fortunately, you have options available to you here in Georgia — perhaps more options than you realize. There are many strategies that help for foreclosure in Atlanta ; these are legal foreclosure avoidance strategies you can implement to help you resolve your foreclosure issue so you can get on with your life. In this blog post, you’ll read about 3 ways that you can avoid foreclosure (there are other ways to avoid foreclosure as well). The goal of these strategies is to help you legally and ethically avoid foreclosure and reducing the pain and frustration that you’re facing, while minimizing any long-term financial commitment or burden to you. Not all of these strategies will apply in every situation but you’ll probably be able to find at least one of the three ways that will work for you. Strategy #1: Work out a deal with your lenderThe first strategy is called a “foreclosure workout”. In a foreclosure workout, you’ll sit down with your lender and tell them that you don’t think you can pay your current mortgage obligation but you’d like to figure something out so you can stay in your house and continue to pay your mortgage. Contrary to popular belief, lenders don’t want to foreclose! They want happy customers who pay their mortgages, so lenders are often willing to work with homeowners to figure out a deal. This might include a temporary reprieve on your mortgage payments, or it might include a catch-up strategy where your outstanding mortgage payments are spread out so you can catch-up and pay them off, or it might include a restructuring of the outstanding amounts that you owe. Strategy #2. BankruptcyFiling for bankruptcy may seem like an extreme measure but it is one of the “tools” in your foreclosure avoidance toolbelt. When you file for bankruptcy, you indicate to all of your creditors that you are no longer able to pay your bills. Filing for bankruptcy will put a stop to the foreclosure process because all creditors must stop the collection process. Filing for bankruptcy, though, is a little extreme: it may require you to sell off some of your assets in order to pay off your creditors. And, a bankruptcy will remain on your credit score for many years, which could impact everything from getting a loan to getting a car… even getting a job. So this shouldn’t be your first line of defense! Strategy #3. Short sale help for a foreclosure in AtlantaA short sale is the third strategy — this is where you sell your home and put the proceeds of the sale toward the amount owing on your mortgage loan. A short sale is a preferred method for people facing foreclosure because it is proactive, fast, and very effective.
With a short sale, you still end up with the reality of having to leave your home but there is a bright side: The impact to your credit is much less (compared to a bankruptcy or a foreclosure) so this is a smart long-term play to give yourself some options. If you find that you’d love to sell your house to get out from under your Georgia foreclosure…Give us a call today at 770-769-5295 or click here to fill out the form and we’d like to make you a fair all-cash offer on your house.The post Help For Foreclosure In Atlanta – 3 Ways To Avoid Foreclosure appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/help-for-foreclosure-in-atlanta/ If you’re facing the possibility of foreclosure in the future, perhaps you are wondering can you get your house in Atlanta back after foreclosure. After all, you need a place to live! Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very hard for you to get your house back. Instead of wondering can you get your house in Atlanta back after foreclosure, here’s another option…The good news is, if you’re not in foreclosure yet, you have options. The first and best option is to pay off your mortgage or work out a payment plan with your lender. They’ll prefer to keep you in your house and instead just collect the money owed to them. If that’s not an option for you at this time then you may decide to do what a lot of homeowners facing foreclosure are choosing to do: Sell your home before the home is foreclosed upon and pay the lender what is owed to them. While not an ideal option (because you’ll have to give up your house), it’s still a preferable option to foreclosure because you’ll have cleared up your debt to the bank and you won’t have the long-term impact to your credit score that a foreclosure would have. This option is proactive and long-term, which is why homeowners facing foreclosure love it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of a better credit rating. Here’s a secret to selling your Atlanta area home fast so the bank can’t take itYou could work at trying to find a buyer to take your home. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate a buyer, there are many companies that can do this for you. Companies like Cash Homebuyers Atlanta will buy the house from you at a reduced price, and very quickly. Simply fill out our form and tell us about your house, or just call us at 770-769-5295 and let us know that you want to sell fast.The post Can You Get Your House In Atlanta Back After Foreclosure? appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/can-you-get-your-house-in-atlanta/ |
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November 2020
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