If you have to sell your house fast due to financial strain or another reason, it’s best to know your options.
Our houses are often our largest asset, which means that we dedicate a large proportion of our income to owning and maintaining them.
With the economic turmoil that has engulfed the country over the past few years, more and more homeowners are finding their financial situation changing and realizing they can no longer afford the homes they live in.
I was drowning with taxes and a mortgage payment…Donald and Felicia show up and this miracle started. It’s just been more of a miracle every single day because they made it possible for me to see daylight. I thought that I was going to be drowning and under water. I couldn’t see my way out of it. Ray Owens Group Realty made that possible.– JACQUELYN BANKS House Seller
Many of us rely on credit to facilitate larger purchases that we couldn’t afford otherwise, such as the purchase of a new car. Attracted by the low monthly repayments, we often don’t realize the level of interest being charged and before long it’s easy to get into a cycle of “maintaining the debt” by making the required minimum payments but never paying off the capital.
In addition, many of us have health issues that aren’t necessarily covered by insurance, which can quickly put us into an unforgiving debt as well.
With the burden of a large debt hanging over your head it can be hard to sleep at night. Laying in the dark thinking about the amount you owe versus your annual income and feeling trapped is unfortunately all too common. The ability to sell your house fast so you can reduce your overall living expenses may relieve a great burden for you.
A large debt hanging over your head is bad enough, but when you struggle to keep up with your monthly payments it really feels like the wolves are at the door.
Telephone calls from your creditors, bills marked “red” and the potential damage to your credit score can not only affect your health and sense of well being today, it can also affect your financial future.
It can be soul-destroying to work as hard as you can to make ends meet, only to realize you don’t have enough paycheck left at the end of the billing cycle to live in any reasonable standard.
Sometimes, the ability to sell your house fast can allow you to clean the financial slate so you can move forward with your life.
The breakup of a marriage can have a significant financial impact as the joint assets are split between the partners. With the marital home likely to be the largest asset jointly held by the couple, there is always a desire to release the money tied up in the property as part of the settlement.
There are usually a number of emotional as well as financial issues which often means couples prefer to work towards selling the house quickly so they can move on with their respective lives.
With many companies down-sizing and even outsourcing their primary functions to other countries, being laid off is a reality for many people, even those in traditionally safe careers.
Most people can only afford their current property due to the income they receive from their job, so when that income is removed it can be very difficult to make the mortgage payments each month.
For every month that passes the owner eats into their savings or has to sell off their other assets in order to make payments. This ultimately leads to many people deciding to sell their current property and downsize to a small property or relocate.
Even worse is if you happen to owe more on your house than it is actually worth. How can you pay the difference on that if you’re having problems paying the mortgage?
This is also the case with people approaching retirement as the imminent need for living expenses without a job brings into sharp focus the need to quickly generate a lump sum of cash to fund their lifestyle.
There are many other reasons why you may find yourself with a desire for selling a house fast due to financial strain including unexpected tax costs you hadn’t accounted for or even unexpected events such as the cost of long term healthcare for an elderly relative
With competition for jobs increasing, many are finding they need to move with the company to a new area and often they need to move quickly. In this situation there is a need to sell your house fast before you can buy a new home.
We’ve covered five of the most common reasons why people want to sell their property quickly but ultimately it all comes down to a need to release funds tied up in your property.
The fastest way to release funds and generate a cash lump sum is to work with a fast sale specialist who can free you from your financial burdens.
Ray Owens Group Realty can help you do this by working with you to find a solution in a quick and confidential way and give you the ability to sell your house fast so you can wipe the slate clean and move on with your life.
The members of Ray Owens Group Realty have participated in the successful transactions of several home sales across the great state of Texas. In many cases, these homes would be deemed ‘unsellable‘ due to their conditions:
We’re able to help you sell your home fast in these situations because we ARE the buyers and we BUY with cash.
If you have to sell your house fast due to financial strain or another reason, it’s best to know your options.
Our houses are often our largest asset, which means that we dedicate a large proportion of our income to owning and maintaining them.
With the economic turmoil that has engulfed the country over the past few years, more and more homeowners are finding their financial situation changing and realizing they can no longer afford the homes they live in.
If your house is in bad condition – uneven foundation, ugly carpet and paint, leaky roof – we will buy it because we’re used to making repairs to houses. We’ll help you avoid the Money Monster – that guy that keeps eating up your money (and time) with repair after repair after repair in hopes of getting an appraiser to say your house is up to code.
If you owe more than your house is worth – we will negotiate with the bank to buy your house. We have the skill set to negotiate and the funding to offer a quick cash sale to the bank without you having to come out of pocket!
If you need to sell your house fast and your house is in pretty good shape, but you can’t afford to make any minor repairs or pay commissions & closing costs – we can still buy your house!
While realtors utilize ONE simple strategy – the Multiple Listing Service (MLS), we are able to utilize many strategies to buy houses faster – especially since we ARE the Buyers!
In some cases, especially with an old house that needs lots of repairs, an all-cash sale is the only way to sell it.
But what does a cash sale mean?
It means that you are able to sell your home fast to us because we will not be getting a mortgage from the bank.
Dealing with banks is long and can be frustrating. When I was trying to buy a home for myself a few years ago, I went thru the mortgage process. Despite being pre-qualified, I was ultimately denied a mortgage because my salary had increased by too high a percent year over year.
Makes no sense, right?
The bank wasted my time and the homeowners’ time – 2 months – only to not write the loan.
When you need to sell a home fast, we will buy it without relying on a bank mortgage. Instead, we use cash to fund deals. Because we use cash and we expect to make repairs, once we decide to purchase, we can close FAST.
To many of the ‘We Buy Houses’ companies, you’re just a number – a simple means to an end. At Ray Owens Group Realty, our mission is to help people to not only get out of a bad situation, but position them so they can get into a better one.
The foreclosure process in Texas is FAST – only 4 months. The speed of foreclosure may make you feel that your situation is hopeless.
The biggest mistake you can make in the foreclosure process is doing nothing. If you just sit back and let the foreclosure process take place, you’ll be putting yourself in a horrible financial, credit, and tax situation for years to come.
Let’s say, for example, you owe $200,000 on your house. The house sells at auction for $120,000. The bank may still sue you for the difference of $80,000!
In addition, it may send a 1099 Form to the IRS showing the difference as “income”… and you could be TAXED on that $80,000.
Finally, your credit score will take a hit (on average 200-300 points). Your insurance rates will probably increase, you’ll have a tough time renting a nice place or getting a car loan for the next decade, and you may not be eligible for certain Federal Job opportunities.
If you’re looking to avoid foreclosure, then a traditional sale to a Realtor probably won’t work. This is because finding a qualified buyer takes a great deal of time.
However, working with an experienced group of investors can help you sell your home fast and avoid foreclosure. The reason is that we can buy your home with cash and can close in as quick as 3 days!
Creative programs available to help you sell your home fast – no matter the situation
Cash Offers – can close in as little as 7 days!
No Realtors, commissions, fees for inspections, appraisals, repairs, closing costs, etc…
We can also take over your payments for you
Divorce, Health Problems, Probate, Bankruptcy, Out-Of-State Sellers, we’ve done it all and can guide you through this…
No Equity? No Problem! We can help.
We can negotiate your mortgage loan if you owe more than your house is worth.
At Ray Owens Group Realty, we promise to do what’s best for the homeowner FIRST and make the best offer for your unique situation, so you can wipe the slate clean and focus on that which is most important.
We buy so many houses that we save money on closing fees and the contractor fees. This allows us to offer you more.
We pay cash which allows us to buy your house no matter what condition it is in. Don't even think about fixing anything!
We don't charge any fees for our service. We simply just want to buy your house.
Avoid paying thousands of dollars to a real estate agent. They're not needed. We are your buyer. You don't need anyone to help you find a buyer.
Paying cash allows us to close super fast. If you want to close within a week, that's usually possible. If you need some time, no problem!
Paying cash is important. This allows us to skip the hoops banks make buyers go through. This is how we keep things simple.
We’ll take a look at the information that you provided and may contact you by phone to get additional details about your situation and the property that you want to sell. Then, after considering all of the specifics of your home, we’ll usually be able to come up with a fair and honest all-cash offer on your property that’s a win-win for both of us. And once you have an offer from our company, there’s no obligation whatsoever for you to accept it. We promise that the decision of whether or not to sell your home will always be totally left up to you. If you do decide to sell your home to us, the process will go fast and you even get to pick a closing date that fits your schedule!
Our fast house buying process is not complicated. We analyze the most recent comparable home sales in the area where your property is located to get an estimate of its current value. Then we make adjustments to the price we can offer on your property based on its condition and any needed repairs. This is the best way to come up with a fair price to offer for your property, since home values constantly fluctuate based on local real estate market conditions.
Real estate brokers and real estate agents make money off of property listings. They market your home, while locking you into an exclusive seller’s agent contract for 6-12 months in most cases, which is the average time that it takes to sell a home in many areas today. Their only goal is to make a total or partial commission on your home when and if it eventually sells, based on which agent finds a buyer for your property. With agent commissions averaging around 5%-6% of a home’s sales price, owners can easily lose thousands of dollars in the process of selling a home, when using an agent. But what’s worse is the prospect of a home that doesn’t sell.
Owners really take a hit, when they’re locked in a home selling contract, losing money on a property every month, that’s often located in a depressed housing market which is also probably worth much less than what they owe to the bank. Homeowners in dire situations like this really can’t afford to wait on a real estate agent to find a buyer for their home. That’s where professional property buyers like us come in. Our company can make an all-cash offer on your property and you can close the deal, pay off your mortgage and even possibly walk away with some much needed cash in your hand in a little as 7 days, instead of waiting months on end to get rid of your unwanted property. We’re not like traditional buyers who comb over a foot-long checklist when buying a property. We’re not looking for a home in a certain neighborhood, a certain school district or a certain location close to our job. We’re looking for properties with only one thing in mind: is it a good investment that we can quickly buy, repair and sell (or rent) for a profit?
If a house is not in need of extensive repairs we can make offers that are near full retail, but if the home has a lot of differed repairs we would need to receive a fair discount. This allows us to fix up the property at our own expense and resell the property to new owners, while making a modest profit. We work with people in all kinds of situations who see the value in selling their property fast without commissions or costly repairs. Our company purchases real estate in a wide range of prices and helps owners get much needed cash out of their homes in the shortest amount of time, with no out-of-pocket expenses, which they commonly face when selling a house using an agent. The convenience and simplicity of selling your home to professional house buyers can’t be matched, when compared to the alternative of slowly going broke on a property while waiting for a buyer, possibly ruining your credit or getting sued, while being constantly stressed out by calls from bill collectors. We offer a winning solution for many property owners with limited options to otherwise liquidate the value in their homes. There’s never any pressure to accept our offer, so you can just walk away if the numbers don’t match up to your needs.
244 FM 306
STE 120 PMB 422
New Braunfels, TX 78130
Tel: +1 469 554 3865
Monday – Friday
09:00 am – 03:00 pm cst
Saturday – Sunday – Closed
© Ray Owens Group Realty a Wealth Greatness Group, LLC Company 2024
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