Sell Your House Quickly

I am ready to buy your home asap in either Rochester or Pittsburgh. Greenhorizons1213@yahoo.com.

What kind of places are you looking for? Are you an investor? Do you deal with assignment contracts? For instance if I found someone in need of selling their home, I tie up the property with a contract and you buy the rights from me.

First lookup what your home is approximately worth on the market. the quickest way is to try www.zillow.com

You will have to make subtractions from the market value that zillow tells you if the home needs updating, repairs, etc. Most frequent mistake that sellers make is over-pricing their home. If you have time, then its not as much of an issue because you can gradually lower your asking price.

Then… contact a realtor who LIVES AND WORKS near this home. While all relators in SC can get you in the MLS (multiple listing service) database, your neighborhood realtors have faster access to buyers who are looking in your area. And they know the other neighborhood realtors and the best way to quickly make deals happen. Find your neighborhood realtors by grabing a Homes For Sale flyer and see which realtor(s) have a bunch of homes listed in your surround area. Look for someone who has gotten results in the past. e.g. "top 1% of sellers"

Doing a FSBO (For Sale By Owner) is an option for people who have time and patience to sell a home. More time is needed because your house will appeal to fewer buyers even if you sign onto a program where you get into the MLS database.

Good luck!

Is there any help out there so I can stop the bank from foreclosing on my home??? I’m desperate!

You need to get a real state broker to try to sell your home. You may also contact your city hall and ask if there are programs or grants that may prevent you from going into foreclosure. In the city of MPLS there are a ton of these types of programs. Please check out the links below and educate yourself. Do some research yourself and find out if these programs are avalaible in your city or town.

Good Luck.

http://www.ci.minneapolis.mn.us/foreclosure/

my mom and i are going to try and sell our home soon to move out of state but we want to get the most money out of our home now (moving from FL to NJ)

what are some things we can do to help it sell fast and get as much money as we can out of it, i said paint rooms tan, light grey or white but she said no… no we have yellow, tan, grey, green, multi colored rooms

what is the best things to do what should we get or leave in rooms and take out

also in my room i have tons of band posters should i take them down? and my mattress is on the floor should i but a bed frame? and i have no furn in my room except a small desk with my computer on it my closet holds all my stuff i have tiny room

and are grass is pretty much dead out side i said re sod mom said we wont get money out of it?

reason im asking is i work and im willing to pay for some of the updates to fix it to help sell

Start watching HGTV, they have lots of shows on that help with this exact question.

You shouldn’t have multi-colored rooms, you need to paint them neutral colors and definetly take down all band posters. You have to de-personalize the living space so potential buyers can picture themselves living there.

Clean up the clutter, make the space look clean and neat.

I live in the Atlanta Metro area.
Thanks in advance.

Ask your Realtor. The information is often in the MLS listing (not the part that’s on the internet for public viewing usually)

I feel bad for my neighbor. He has been diagnosed with cancer and is receiveing treatment, but he is about to lose his home as a result of him not paying for three months. He explained that he has to pay the doctor to get treatment and the owner did not sympathize with him because he defaulted for a period of 3 months before he was diagnosed with cancer. I know Congress passed a law helping people to stop their homes from being foreclosed on but I don’t think it qualifies to owner-financed homes. He makes too much income to qualify for medicare. He lives in TX and I believe he is under the age of 55. Are there any government programs that can help him financially or prevent/delay foreclosure on his home? Thank You. Your help is greatly appreciated.

Sorry to hear about your neighbor.

Unfortunately, owner financed properties are a little different and are difficult to generalize.

However, the first step is to review the security instrument signed at the time of closing (title would have provided copies) it details when and how a property can be foreclosed on. Sometimes the only solution is to pay it current and sell it. Others may agree to deferring the payments and adding it to the balance of the current amount they owe.

deferring the payments would basically take the amount past due, add it to the balance and start the monthly payments again as if it never happened. Considering that this is a privately held note then it may be a little difficult.

Government assistance programs are not the way to go. they are so complicated and hardly ever qualifies anyone. it is in place to make the politicians look like they have a solution when they really don’t.

I would try the deferment route and see if the note holder would work with him.

again, sorry to hear about the situation. but there is little that can be done.

My husband and I bought an "owner financed home" earlier this yr and each month we pay mortgage interest. Can we claim all the interest that we have paid on taxes next year or does it even count because it wasn’t financed through a bank? If so, should we receive a statement from the person we bought our house from before we file?

Yes, you can claim the interest. You should get a statement of the interest paid, normally a 1099INT form, from the person you paid the interest to.

I’m going to buy an owner financed home. 2 bedroom 1 bath solid. They want 79,900 with 10,000 down at 8% over 15 years, balloons in five years. What should I whatch out for and dose this sound reasonable?

8% for an owner contract, especially if you are not financable through a lending institution, is perfectly acceptable.

The IRS has usury rates (minimum & maximum, long term & short term) that can or must be charged. State usury rates can be found here: http://www.lectlaw.com/files/ban02.htm

This is often a win-win situation for a buyer & a seller. The seller will only have to pay tax on the yearly amount of interest & whatever portion of the principal is capital gain, if any.

You in turn still get to deduct the interest on your personal residence & you didn’t have to pay 3% in loan fees & closing costs.

If the seller has an owner contract of their own that will be wrapped into the loan, it would be advisable to have all payments go to a contract collection agency so you are assured the seller is still making their payment from your payment & then they send the remaining balance on to the seller.

They also do all the IRS reporting for interest & you know how much of each payment is interest & principal.

I want to buy a home owner finance but I see all these calculators on the owner finance websites in my area and I don’t know what percentage to use. I live in Texas.

It is usually high, because you are usually a very bad risk, 8-9%.

She gave no notice and did not pay for the month that she was still there. They say it will be a default hearing so what can I expect? I am sure she will not attend as she never responded after papers were served on her. Will they issue a judgement or will there ever be any possible way of them making her pay what she owes?

You’ll get a judgement against her and that opens the door for you to legally go after the amount owed. You can file to have her wages garnished. Also a judgement can be put on her credit report…