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Home » Before You Sell Your Arizona Real Estate
Understanding Your Options
Situations Leading To Arizona Real Estate Sales
Listed below are the most common reasons people decide to sell their Arizona homes.
Please click the link below which best describes your individual situation for an explanation of your options. If your situation is not listed here please contact us, we may be able to provide you with some free confidential advice.
You have a desire to sell your home
If you have a desire to sell your home, and the home is in relatively good condition you can list your home with a real estate agency or put your property up for sale using the many "For Sale By Owner" (FSBO) services who can help you sell your house without using a realtor.
If however, your property is in need of repairs, you have 3 options:
- Don't make needed repairs and try to sell your property for what you can get; but do not expect a fast sale as it may take many months to find a sweat equity buyer.
- Make the repairs yourself, and then sell your property.
- Consult with an Arizona real estate investor who can make you a cash offer for your home 'As-Is'. This is a great option if you do not have the means or the ability to repair the home yourself.
If for any reason you have the desire to sell your home quickly, your best option is to contact an Arizona real estate investor.
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You are relocating
If you are relocating there is a good chance that you will need to find and buy another home to live in. Many lenders want you to have your previous home sold before they will
fund the mortgage for your next home purchase. Even if you are one of the lucky 10% of people in this country who has an exceptional credit score you may have a hard time timing both the sale of your old home and the purchase of your new home so that you don't have to make double mortgage payments.
If you have the means to carry 2 mortgages over an extended period of time, then you can list your home with a real estate agency or put your property up for sale using the many "For Sale By Owner" (FSBO) services who can help you sell your house without using a realtor.
If however, the sale of your previous home makes it difficult or impossible for you to purchase your new home, contacting an Arizona real estate investor may be your best option.
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You are going through or considering declaring bankruptcy
If you declare bankruptcy and are paying your mortgage on a regular basis your home may or may not be in jeopardy. If the equity in your home does NOT exceed $100,000.00 (your federal exemption) then you will
have the option of keeping your home. If your equity exceeds the maximum exemption your property may be liquidated and the proceeds (less your exemption) disbursed amongst the claimants.
This is the portion where we must remind you that we do not offer legal advice; please contact a bankruptcy lawyer to decide the best way for you to proceed!
In some cases it is best to sell your home before declaring bankruptcy to ensure that you get a higher selling price than what will be offered when it is sent to public auction.
If you are facing bankruptcy and need to sell your home fast, contact an Arizona real estate investor.
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You are going through a divorce
When a couple gets divorced often times their home is their most valuable asset; making it the most contested asset they own. Whether the courts decide to let one individual keep the property or insist that the property be liquidated so that the proceeds can be split equally, selling the home is most often the best solution.
If the court awards the house to one individual any equity which is granted to the other individual must be paid when the divorce is finalized. This alone may cause a financial hardship for the new sole owner of the property. The new sole owner will usually refinance the property to cash out some of the property's equity in order to buy out the previous half owner.
While this seems like a completely logical way to complete the separation, what happens is that the total monthly mortgage expenditure increases, while the sole owners income hasn't increased enough (even with alimony) to cover all of the costs associated with sole ownership. This new financial burden will most likely force the sole owner into selling the property before they had intended.
For most people we would suggest that when they divorce they leave their old life behind and start new. By selling your home you can better re-assess your new financial situation and buy a new home accordingly.
Within the early stages of divorce you can include the provisions of the sale of your home in your divorce contract, and sell your property as you see fit.
If your home is in need of repair or you need to sell your property quickly for whatever reason, an Arizona real estate investor may be your best option.
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You have inherited a property you don't want to keep
An unexpected death in your family is never a welcomed event. Often times the loss of a loved one will force you into making tough decisions with regards to their estate. If you inherit a property the property is now your responsibility; desired or not. If the inherited property has joint owners you must discuss with all involved parties how you will either liquidate the property, sell your portion of the property to another joint owner who desires to keep the property, or keep the property jointly and find someone to rent the property.
What you decide to do with the property is completely up to you.
If you choose to sell you must first consider the state of the property. Is the property run-down in need of repairs or renovation? If so, an 'As-Is' real estate investor will buy your property quickly for cash.
If the property is in good sellable condition you can sell it the conventional way by enlisting the help of a local real estate agent, or sell the home yourself using the many "For Sale By Owner" (FSBO) services who will help you sell the property without a real estate agent.
To quickly liquidate the property contact an Arizona real estate investor, they will buy the property fast for cash.
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You need or want to downsize your home
People who downsize their homes are more common than you might initially think. While some people over buy homes with lending institutions teaser rates which allow buyers to purchase homes they cannot afford, there are others who make the willful decision to downsize. Whichever situation you find yourself in downsizing is your goal and depending on the condition of your home and your financial situation you have a few options.
If you choose to downsize your home you are probably not having problems financially and can choose to sell your house the conventional way using a realtor, or the "For Sale By Owner" (FSBO) method. If however, your property needs repairs or renovation that you do not have the means or ability to do yourself, contacting an Arizona real estate investor may be your best option.
If your financial situation is forcing your hand into selling your home and downsizing, then you should probably contact an Arizona real estate investor. an Arizona real estate investor can buy your home quickly for cash and stop the financial bleeding before it affects other aspects of your life.
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You are having financial troubles and need to sell your home
Usually by the time you notice that your financial situation is degrading the situation has become an emergency. Selling your property the conventional way with a real estate agent may be an option for you, but if you truly need to sell your property quickly contacting an Arizona real estate investor is a great option.
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You are in the early stages of pre-foreclosure
Acting quickly with regards to the foreclosure process gives you options that you do not have if you wait too long to remedy the situation. Contrary to what you may have heard, getting a loan against your property after being served with foreclosure documents is nearly impossible. Your only real recourse to stop the foreclosure process is to pay the over-due debt(s) which caused the foreclosure.
If you do not have the money to pay off the debt(s) you will need to sell your home to have any possibility of recovering any equity you may have and save your credit rating. Arizona grants a 90 day redemption period between the date you are notified and the date your home will be sold at public auction; don't waste a minute of this time!
If you act early enough you can sell your house the conventional way through a real estate agent; but be sure to price the property at least 3% below the average comparative sales in your area to ensure a fast sale. If your house is in need of repairs, you should probably contact an Arizona real estate investor. There are plenty of real estate investors who deal specifically with pre-foreclosure clients. I would be surprised if you don't get a couple of letters in the mail the first couple of weeks after you are notified of the foreclosure,
but as with all things it is always best to get a second opinion or a third for that matter. If you are considering selling your property to an Arizona real estate investor, please contact more than one so that you can be assured that you are getting the best possible price for your property. Don't get disheartened and take the first offer you receive it is in your best interest to shop around. We too buy pre-foreclosure properties and would be more than happy to discuss your options with you, just contact us.
Do NOT attempt to sell your house "For Sale By Owner" (FSBO) if you are within the 90 day redemption period for foreclosures!
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You are in the late stages of pre-foreclosure and need to sell your home quickly
If you are in the late stages of the foreclosure process you have no time to lose. If you wish to save your credit rating and whatever equity you may have in your property you have only one option. Contact an Arizona real estate investor immediately! Most real estate investors can make you an offer and purchase your home very fast, but please note that it takes days not hours to complete a real estate transaction so the sooner you get started the better.
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Before You Sell Your Arizona Real Estate Resources
Understanding Your Options | Understanding Real Estate Investors | Real Estate Buyer Process | How To Stop Foreclosure | Common Sales Questions | F.A.Q.
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