There are many situations in which a direct sale of your house in Salt Lake City makes more sense than a traditional listing. Find out what they are in our latest post!
Do you want to sell your house in Salt Lake City? If so, have you considered all of the selling options available to you? Often times, people disregard selling to an investor because they believe listing is the best way to sell. However, in many situations, selling directly will be more beneficial for the homeowner. Below we list just a few of the occurrences in which a home seller may be better off avoiding the Salt Lake City MLS!
You Inherited An Unwanted House
When people inherit a home, it isn’t always expected. They don’t always have the time to consider probate costs, repair costs, or suddenly having to be responsible for the taxes and mortgage. When someone inherits a house, especially one they don’t wish to keep, a direct sale can be a fast way to quickly liquidate the property and avoid having to spend too much on it.
You Can’t Afford The Repairs
If a house needs a lot of repairs, it doesn’t usually make sense to spend a lot of money trying to fix it before putting it on the MLS. Repair costs can snowball and if you try to fix everything and list it you could find yourself out a good amount of money upfront. If you can’t afford the repairs and you need a fast and fair way to sell your Salt Lake City house, working with YourPriceMyTerms.com can be the most beneficial option for you.
Your Investment Property Isn’t Paying Off
Not every investment is a good one. Both novice and seasoned investors can find themselves stuck with a property they wish they hadn’t bought. Maybe the property isn’t attracting good tenants and you’re tired of chasing rent. Maybe the house seems to need one repair after another, causing you to go into the red when looking at your financials for the property. No matter what the issue is with the house, the longer you hang onto it, the more money you are losing.
You Found A Better Opportunity
When a homeowner finds another property that is better suited for them, a direct sale will allow them to close right away, liquidating the old property and giving them the opportunity to purchase another. Don’t miss out on the perfect property because you decide to list your current house and aren’t able to sell in time.
You’re Worried About Foreclosure
If you think the bank is about to foreclose, it’s in your best interest to sell your house as quickly as possible. The last thing you want is the bank to take your home with nothing to show for it. Your credit will be damaged and after everything you’ve paid toward the house over the years, you will walk away with nothing. Selling your house to a direct buyer such as YourPriceMyTerms.com will ensure you are able to sell the house quickly while still getting a great price for it. A fast sale of your Salt Lake City house will stop the bank and save you from the headaches and hassles of foreclosure.
You Are Getting Divorced
While every situation is different, oftentimes an ex-husband and wife aren’t thrilled to have to work together to sell a shared property. Problems from within the relationship can spill over and affect their ability to sell the house. By working with a direct buyer, the former couple will receive a fair price and be able to close in a matter of days as opposed to months down the road. They will be able to put things behind them more quickly so they are able to move on.