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    3 Steps to Sell Your House Quickly to Avoid Foreclosure in Louisville KY

3 Steps to Sell Your House Quickly to Avoid Foreclosure in Louisville KY

You may be having financial troubles with your house because your adjustable-rate mortgage has reset to a rate you can’t afford, or you’ve experienced a major financial setback such as losing your job. Foreclosure might seem like the only option.

However, before accepting the seemingly inevitable, take a step back. If you sell your house quickly, you will be able to avoid foreclosure.

This isn’t easy. The foreclosure process won’t just stop simply because you are trying to sell your house. You also need to keep in mind that with the real estate market in such a slump, this may be quite a challenge. A house can sit on the market from 6 months to a year without any real offers. So how do you increase your chances of selling your house quickly to avoid foreclosure?

1.  Price your home right

You may have bought your home for thousands more than what similar homes are selling for in your neighbourhood at the moment. Unfortunately you have only two options here:

Hold out for the highest price to recover the money you invested which most likely will end in foreclosure
Avoid the seven-year black mark that foreclosure will leave on your credit report by pricing your home aggressively. Pricing your home aggressively means giving a low price to the house.

Think like a buyer would.

Buyers are not interested in paying premium prices for a home just because that’s what you owe.
Buyers will focus on properties whose sellers seem realistic about pricing
Buyers will be interested in getting a bargain (Tip: When a home is slightly underpriced, it seems like a bargain. You’ll attract more buyers and your change of getting a qualified offer increases significantly.)

You want to appear within the price range potential […]

7 Steps on How to Sell Your House Yourself in Louisville KY

Have you ever wondered how to be your own real estate agent selling your home? Below is a step by step guide by Jason Steele.
1. How To Price Your Home to Sell
Before you list the property on the Multiple Listing Service (MLS) or anywhere else, make sure you’ve priced the home competitively. Use the Internet to get an idea of selling prices for comparable  homes in your neighborhood, and then price your house accordingly.

It’s easy to get hung up on this step and, especially if you’ve lived in your home for some time, you may feel compelled to overprice the home. Don’t fall into that trap. Remember, the goal of this process is to sell your home, so make sure the asking price is realistic.
2. How To Market Your Property
In addition to listing the home on the MLS, advertise by putting up “for sale” signs, creating brochures, putting ads on Craigslist, and building a web site to market the property. FSBO.com offers home-selling packages for homeowners that begin at $69.95. The marketing packages include items like brochures and yard signs. There will be some costs involved in advertising the sale of your home, but they will be a fraction of an agent’s commission. The real cost is the amount of time and energy you will need to put into selling your home.
3. How To Hold an Open House
You can also hold an open house to advertise the sale of your home. Advertise for the open house by posting signs in your neighborhood. Have some light refreshments available and set out brochures about the home that visitors can take with them as they leave.
4. How To Know Your Property’s Selling Points
When writing your ad copy for websites or […]

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