Friday, May 5, 2017

Pre-Foreclosure | What Can It Do For The Owner And Potential Buyers

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Pre-foreclosure | What Can It Do For The Owner And Potential Buyers

Home buyers are attracted to homes in pre-foreclosure because their selling value is often substantially lower than their market value. Aside from the fact that a buyer can buy the home at a discounted price, there is often little to no competition compared to multiple offers for other types of properties on the market.

Those properties are usually hot and crowd the popular listing sites. And because of lowered or discounted price, most buyers, especially those without experience, will choose cheaper mainstream houses without proper probing or thorough research. But before you get all excited to run out and snap up some great discounted properties, you need to know… the pre-foreclosure process isn’t as simple sounding as it is being advertised.

Why Houses Undergo Pre-Foreclosure

When a homeowner gets behind on several mortgage payments, the lender has the right to start the foreclosure process. It is not necessary for a foreclosure notice to be filed in public record, however, the notice of default will become a public record. Even with a default notice, the owner still has the option to make mortgage payments until such time that the payment becomes current.

However, if the homeowner remains in default without making any effort to bring the past due amount current, eventually the property will be foreclosed upon, and they get evicted. The house will be repossessed by the bank and will become a Real Estate Owned (REO) property.

Bank-owned houses offer great deals to home buyers because most banks want to sell repossessed properties right away. They’ve already spent so much on the foreclosure process, selling these properties as soon as possible will help them get back some of their investment, and do away with the hassle of maintaining the house.

Pre-Foreclosure vs. Short Sale

Houston sell my house fastIt”s a common misconception to say that pre-foreclosure is the same as a short sale. Although both include selling a home, there is a vast difference between these two.

Pre-foreclosure means an owner is greater than 90 days late on payments and lender has started the foreclosure process with a notice of trustee sale. While in a default status, an owner often isn’t ready to sell and move,” says Kevin Sucher, a realtor at Prudential Northwest Properties in Portland, OR.

While Cathy Baumbusch, a realtor at Re/Max Allegiance explains that, “Short sales are listed by a broker. In a short sale, the seller may wait months to receive an answer from the bank, and the bank may end up saying no, but will likely get the opportunity to have an inspection.” Find the professional explanation here.

When the lender or bank agrees to sell the house for a lower price, taking a loss, the property can be listed for sale right away. However, not all sellers are behind on payments. Some would choose to sell their home fast in Houston to relocate or move into a new place more suitable to their lifestyle. So, not all short sales fall under pre-foreclosure. At SellAnyHouse, we cater to homeowners in need of a fast sale, especially those who do not want to lose their homes due to several missed payments.

How Should Buyers Choose

Now that we’ve laid out the clear difference between the two, buyers have the option to choose which type of house could give them a better discount with lesser risks.

Both foreclosures and short sales present home buyers with a unique opportunity. Not only are these properties often sold at a discount, but the buying process can be more streamlined since the owner or lender wants a quick resolution.

However, just as with any other home, it’s important for buyers to make sure their investment is worth it. This means having the property inspected by a professional home inspector, especially since the majority of foreclosed properties are sold “as is.”

For individuals looking to speed up the home buying process even further, property auctions provide a great way to purchase foreclosed and short sale properties in a very short time frame. Not only do auctions offer the certainty of a target sale date, they also provide a level of transparency and straightforwardness that can be missing in other forms of home buying.

On the other hand, there is a growing alternative method in the real estate market that doesn’t require hiring and paying for a realtor. SellAnyHouse.com, a home buying company, has been servicing the Houston community for years, offering a practical and speedy solution to anyone who wishes to get away from a sticky situation.

We buy houses in Houston, TX in exchange for a fair cash offer. Learn more about us today and don’t miss the opportunity in Houston to sell my house fast!

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Wednesday, April 12, 2017

How Strong Is Your Home Structure When An Earthquake Hits?

How Strong Is Your Home Structure

How Strong Is Your Home Structure When An Earthquake Hits?

The ground beneath us has been moving since the beginning of time. Earth itself is a living planet, its inner core shifting from left to right, up and down, causing tremors to the surface ground. These movements, whether light or vigorous, create minimal to destructive effects on houses, buildings, and any other type of structure standing upright.

Houston we buy housesFrom a government earthquake report posted in March 2016, a total of 21 earthquakes in Texas were recorded in 2015. This is a comparably small figure to Oklahoma’s 888 ground movements in the same year, or to a whopping 1575 quake recordings in Alaska. Houston, Texas may not be as prone to this natural phenomenon as the other states with higher numbers, but it doesn’t mean everyone can relax.

News across the globe about earthquakes ranging from magnitude 6 to 8 has resulted to several deaths due to buildings collapsing, roads caving in, and sudden sinkholes appearing. Unfortunately, no machine or gadget has been able to predict the coming of an earthquake. The question now is how can you remain safe in your own home?

The Strength Of The Housing Structure

Some families, as a precautionary measure, would choose to sell my house Houston to relocate in a community with lesser quake movements and fewer natural disaster occurrences. While this is a good way to keep your family safe, it may be relatively impractical. Experts on structural issues would recommend strengthening the conditions of a house or building.

In Houston, we buy houses from families with difficult building issues. In as much as possible, we provide solutions and practical advice on the most common housing problems to homeowners who still wish to keep the property. Below is a checklist for an earthquake resistant house.

#1 Who built or designed the house? – Was it designed by a licensed architect? Was it built by a licensed builder?

#2 How old is the house? – The more recently the structure has been built, the better the chances more natural disaster precautions and updated best practices have been utilized in the planning and building… especially in earthquake-prone regions.

#3 Was the property damaged by previous earthquakes or other natural acts? – Has it been properly repaired? Has it been treated for structural issues?

#4 What is the condition of the property? – Are walls and foundations straight or curved and bulging? Has it been remodeled, expanded or extended?

#5 What is the foundation made of? – Were stones used or reinforced concrete?

#6 What about the house’s overall condition? – Do you have a fairly new house, newly renovated, twenty years or older, or has undergone several repair jobs?

If your answers to the questions in the checklist are leaning to the positive side, then your property should withstand minimal shaking of the ground. You can also consult a structural engineer to conduct a thorough inspection and provide expert input on improving the building structure of your house, fix existing structural issues or prevent a structural collapse.

Know That You Have An Option

Every family is allowed to settle in a neighborhood that can offer safety and comfort. If the news on any recent earthquakes and other disastrous occurrences near you has you concerned, or you are dealing with any kind of financial crisis you have the right to sell my house Houston any time.

SellAnyHouse.com will help you with speeding up the process of selling your property. Our process often gets completed in as little as 5 days without charging any closing fees. Therefore, you can rest well and avoid stress while you look for a new place to live. We make it simple, hassle-free, and fast.

We are a click away if you need assistance!

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Friday, April 7, 2017

How Not To Go Broke In Your Golden Years

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How Not To Go Broke In Your Golden Years | Houston We Buy Houses

Cash, funds, resources, green backs – however you call it, money is the answer to everything. It is the key to anything, to every material thing that has ever existed in this planet. But like all things that come to an end, money isn’t unlimited like water in the ocean.

There is a limit to how much one can spend in a day, throughout the week, in a year, or over the course of one’s lifetime. This limit depends on the amount of cashflow an individual is earning or saving for current and future use. What happens then when one man’s needs exceed the money he has earned?

Houston we buy housesStatistics show that men are more likely to shop on Black Friday than women, with men spending an average of 3% more. Statistically, age also factors into holiday spending with those in the 50 to 65 year bracket spending nearly 75% more than those aged 18 to 25,” says Janet Fowler in an Investopedia post.

The statistics actually make sense considering that older people are more financially established and have savings that could support them throughout their retirement age. In Houston, we buy houses from homeowners who are about to move to smaller houses in preparation for their retirement. Now let’s talk about how not to go broke during these prime years.

How To Plan For Your Future Wisely

Don’t Dress To Impress

Having a new pair of shoes or a new tie or the latest style of overcoat to show off how successful you are isn’t really necessary. Being fashionable is not a sin, but overspending to the point of maximizing your credit card to sustain your fashion sense just isn’t practical.

The same principle applies to every little thing you purchase for the sake of showing off. If you don’t need it, don’t buy it. If you have no use for it, sell it. You’re hitting two birds with one stone – decluttering while earning extra cash.

Learn To Say No

If a colleague invites you to join them for a gathering this Friday at a restaurant famous for its good food and pricey menu, learn to say no. When the only spare money you have is for bills due in a week, learn to say no. When your next paycheck is just enough to get you by until the next payday, with only a few hundred dollars to spare for pampering and small indulgences, say no to bigger expenditures.

If you can’t curtail overspending, you’ll get behind on payments, bills would pile up, and you might end up in huge debt.

Diversify Your Investments

Like most working professionals, taking an interest in investing is a way to multiply the amount of resources that you currently have. Instead of putting all your money in one place, break it down and invest in several markets and sectors. This way, if the market or business fails, you do not lose all your money.

There are more ways not to get behind on your payments and obligations, and stay clear of getting buried under huge debt. Educate yourself about these practical ways you can ensure you meet your budget now, and still have money growing for your future, so you wouldn’t end up contacting a company as a last resort to settle your debts.

Our team of professionals at SellAnyHouse.com has been in the real estate market for more than 10 years. We buy houses Houston and have helped people get out from under overwhelming unpaid bills and enormous debt. We offer a free consultation to anyone who is struggling with impending issues due to mismanaged finances. If you wish to talk to one of our real estate consultants for an expert advice, contact us right away!

You may find our simple and fast processing relatively helpful when facing a financial crisis. In Houston, we buy houses to promote positivity and financial relief.

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Thursday, March 16, 2017

Avoid Depression When Dealing With A Divorce | We Buy Houses In Houston

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Avoid Depression When Dealing With A Divorce | We Buy Houses In Houston

Marriage is as sacred and eternal as it is bound by a contract and in good faith. This is why the idea of separation is so mortifying, even when looking at divorce rates in America, and even across the globe.

It is a topic so commonly heard of but the people subjected to the process and those who have been through a similar experience can’t help but cringe at the idea.

In Texas alone, the divorce rate was 2.6 per 1,000 population by 2015, with Arkansas having the highest divorce rate in the same year. This is based on the data compiled by the National Vital Statistics System (NVSS), posted in the Centers for Disease Control and Prevention’s (CDC) official website.

houston home buyers investorsThis unfortunate phase in marriage often results in the division of property, the need to sell the Houston home fast, and the dread of having to go separate ways.

We buy houses in Houston fast to help homeowners take one burden off their shoulders. But before we go into selling a house, first we must take into consideration what one goes through when faced with a divorce.

Getting Depressed Won’t Help

The emotional impact brought on by a divorce, whether while going through the case or after the court decides, may be too difficult to set aside or ignore. The worst case scenario is for one of the involve parties to fall into a serious case of depression. There are healthier ways to overcome a divorce. Let’s focus on three doable coping up steps.

1. Acknowledgment and Acceptance

Don’t deprive yourself from feeling the emotion – pain, sadness, anger, feeling betrayed and sorry. It is normal to feel hurt and angry at first, it a common reaction. But don’t invest too much on these emotions, instead acknowledge them for what they are, understand the circumstances that led to the separation, and then accept the situation for what it is.

Don’t blame yourself or put the blame on others. Reflect on what had gone wrong and could have been done to rectify the problem. By allowing yourself to accept the reality of it, you can pick up the small pieces and bind them together so you won’t repeat the same mistakes.

2. Bounce Back and Breathe

Past the wallowing and grief, give yourself time to breathe. Instead of hiding away, try to reconnect with old friends or visit your family more often. A change of location can help you think less of what transpired before and during the divorce process. The purpose is not to drown in sorrow or self-pity, but surround yourself with supportive friends and family.

Bounce back! Participate in activities you used to do and the things you always love doing. If you are athletic and you love sports, you can join the gym or start training for local marathons. You can take swimming lessons or start painting. Replace the negative vibe with positive energy.

3. Create and Conquer

Be fearless. Find the strength within you to create a new path for yourself, the path to healing and starting over. It isn’t easy, but it’s never impossible. Take care of yourself, stay healthy in both mind, body, and soul. By focusing on you and keeping yourself fit, you can fight away depression. And the most important of all, learn to love yourself a little more.

There Is No Shortcut

We can never tell when one can completely move on from a painful divorce. It is evident in the number of ‘sell Houston home fast’ outcry from couples undergoing separation. We understand the urgency to sell house fast in Houston, therefore we have formulated practical, simple, and reliable fast home buying methods for a speedy transaction.

We buy houses in Houston to promote a timely and time-saving process in selling a property. We are a Houston home buyers investors ready to respond to anyone in need of a fast home sale.

Don’t hesitate to let us know if you want to sell your house fast in Houston!

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