Were you aware there are companies that buy houses in any condition? If you’re experiencing a difficult financial situation and are doing your best to avoid foreclosure, this is important to know.
When you need to sell your home fast, you may be able to receive a cash offer for your house today. When you contact a company that pays cash for houses, it can take the pressure off and help you to avoid the foreclosure process.
You may be interested to know that over six million homes have undergone the foreclosure process since 2007. One of the main reasons this has occurred for 13% of these homeowners is due to medical issues.
The foreclosure process itself ranges from two to 12 months. Much depends on your lender as well as the area in which you live, however.
If you’re unfamiliar with the foreclosure process and are in the market to purchase a home, you may be interested in buying a foreclosed property. Basically, this is a home that has been repossessed by the bank as a result of not making timely mortgage loan payments.
In 2014 alone, 327,069 homes were repossessed. Depending on the area in which you currently or plan to live, there may be several foreclosed homes available for purchase from a company that buys and sells homes. This is what some individuals consider to be creative home buying.
First-time home buyers represented 33% of the housing market in the United States during 2014. If you’re planning to purchase your first home, then you may be interested to know that typical buyers look at ten different homes over the course of ten weeks. You may be able to expedite this process when contacting a company that buys and sells homes.
You may also be interested to know the selling prices of homes during 2016. According to figures from The United States Census Bureau, the median and average selling prices did fluctuate.
In January, for example, the median selling price was $291,100 and the average selling price was $365,600. While the median price rose to $321,600 by June, the average price was slightly lower than January at $364,300. While there aren’t figures listed for December 2016 yet, the November median selling price was $305,400 and the average was $359,900.
When you’re looking for companies that buy houses in any condition, it’s important to note that they can assist you with selling your house quick. If you’re looking to purchase a foreclosed house as an investment or to be a primary home, there are a variety of options available with companies that buy and sell houses.
Are you experiencing any challenges locating available listings? While 14% of home buyers first contact a real estate agent, 42% begin the home-buying process online. When you’re looking for creative home buying solutions, you may want to consider contacting companies that buy houses in any condition for available properties. Even if the home is not in good condition, chances are that you would expect to remodel so that your house reflects your personality and lifestyle.
