One other option I thought about carefully was to file for bankruptcy. I spoke with a bankruptcy lawyer and the list of conditions to file bankruptcy and still keep my house was so scary that i knew I’d rather lose the house. I’d basically be forced to inventory everything I own, give up everything they wanted, and still make payments to my mortgage company, and to the courts and the lawyers too! Trading one big bill for 3 arguably smaller bills was not the solution I had in mind.
Once you have your budget decided, your next step should be making sure you secure financing. Nothing is worse than finally finding the house you always wanted only to learn you cannot get a loan for helping you to get it. When you know already the amount you can for sure get financing for, you can locate a house easier and have more chances of it getting into it without disappointment.
Naturally, posting on craigslist is just one of your alternatives to relying on an agent to find a buyer for you. There are other sites that might provide you with your buyer, and one of them is ebay classifieds. No matter what site or sites you use, get yourself prepared mentally and emotionally to do what it takes to find your buyer. The best way to do this is to put yourself in the shoes of your buyer now. Imagine what your buyer is looking for and talk to him or her directly in your postings. This is an incredibly powerful tool for success when you sell a house on craigslist.
I just took a 10 minute break from typing to go in my outlook server and phone log to see how many builders/realtors called me for financing their “spec homes” in Mississippi. 27 DIFFERENT People with DIFFERENT Products.
Let me tell you, there are few things in life as difficult to go through as putting up with that foreclosure sale sign in your yard. It is a giant beacon telling all of your neighbors, and everyone passing by too, that a complete failure lives inside this house!
Falling in the first quarter by 4.3 percent, Milwaukee home values continue to lose ground, but the number of home listings is huge. In fact, Milwaukee has the most real estate point of any city in the state. As of April 2010, the average home in Milwaukee was valued at 4,609, which is making buying real estate in this city much more affordable. Add to it a 31 percent reduction on the listing, and you could buy a home there for only ,780.
Your main target in prospecting is to get a discussion going with people that indicate they have a need. If the need is not there, then you simply move on to the next call.
From this point, I begin to look in other developments that are over one mile from the subject that offer any similarities. Soon, a pattern emerges and the value is supported by the most relevant homes. The most recent, relevant comparable sales in cases like this are usually just newer homes that offer somewhat similar square footage and garage count. And they usually support the listing in the area, because if they don’t the appraiser is going to have to explain why the listings in the area offer a significantly different price than the sales outside the area.