SALE OF HOME (by yourself or with a Realtor)
LISTING YOUR HOME WITH A REALTOR IS LIKELY YOUR BEST CHANCE TO GET TOP DOLLAR FOR YOUR
HOME. GPS is a Realtor-friendly organization and we believe strongly in the value of working with Realtors...
After contacting the mortgage company to arrange ways to repay the arrearage, making an effort to borrow from friends or
family, attempting to work out an ethical and affordable loan from a lender, researching assistance programs, and still not
able to find a solution that works for you, you may need to sell your property. If you have enough time and there is a
market for your home, this may solve your financial problems. Above all else, the SOONER you start preparing your home
for sale when selling by owner or listing with a realtor, the better your chances of getting a fair market offer to purchase your
home. There is little doubt that if you can sell your home with the expert guidance of a Realtor you stand to get the highest
possible price for your property, unfortunately many people facing pending property problems don't have the time or
money to try to sell their home under these options.
There are matters to consider when preparing to sell your home to stop foreclosure besides the obvious time
constraints:
a) Is your home in good enough condition to be sold at fair market value (same price as similar properties in your area)?
If not, can you afford to fix it up? When you sell your home in need of repair, the sale price will have to be "discounted" for
the buyer to fix up your home.
b) Do you have enough time to sell it?
Many owners try to get a new loan to avoid foreclosure and by the time they find out they cannot get financing, there is not
enough time to sell the house on your own or even with a Realtor. The longer you wait, the more likely you will need to sell
your home to an investor who offers "a quick closing, all cash transaction" for significantly less than fair market value.
(TIP: If you think you have time list with a realtor, be sure to limit the length of time for the listing agreement – that way, if
your home does not sell, you can de-list your property and sell to an investor quickly if necessary).
c) Realtors charge commissions – do you have the money to pay this?
d) Are you selling to a “retail buyer” who will be using a loan to purchase your property?
If so, it’s important to know that most banks will need 30-60 days in order to underwrite your buyer’s loan – even then there’
s no guarantee your buyer will be able to secure that loan. If your buyer later pulls out, then you will have lost a lot of time –
with nothing to show for your efforts and an even worse home debt problem.
e) In today’s “Buyer’s Market” homes, you may have to offer some substantial seller concessions (ie money out of your
pocket) in order to induce a buyer to buy YOUR home. After all, builder’s continue to flood the market with NEW homes and
the builders are offering fabulous incentives to get buyers to buy from them. Which would YOU choose – a NEW home
where the builder pays all your closing costs and will give you a new car or pay your mortgage for a year upfront (or) a
USED home that needs some minor cosmetic repairs and for which you have to pay your own closing costs?
(INSIDER SECRET! Did you know that after you take into account all the concessions you have to pay +
commissions + continued mortgage payments + other costs, very often you would end up clearing a similar
amount if you sold to an investor today? Want to see if this is true for you? Visit the WHOLESALE PAGE for more info.).
-SALE BY OWNER (or) LIST WITH A REALTOR:
FSBO or listing with a realtor may be viable options. In fact, listing with a realtor is probably your best chance of
getting “full market value” for your property. However, this will only work if you have enough time, can afford to fix up
your home and are willing to pay a 3-6% realtor commission. And, this assumes you and your realtor can find a buyer who
will pay your “retail” asking price AND who will be able to secure a loan – all of which takes time. But remember, you must be
able to sell soon – if you are already in foreclosure, your time is quickly running out.
Can GPS help you with this option?
YES, if you feel that listing your home with a realtor is your best solution and you would like to be referred to a Realtor, GPS
can refer you to one of the companies that we do business with. That Realtor will help you evaluate your situation more and
see if listing your home is a possibility for you. (Full Disclosure: GPS may be paid a fee for referring you). If you would like to
inquire further, please contact us today.
Do you already have a Realtor?
Good for you! Working with a realtor can provide you with many benefits noted previously. Nonetheless, if you and your
realtor are not able to sell your home, GPS may still be able to work with you. GPS is a “REALTOR-FRIENDLY” company – in
fact, most of our clients are referred to us by realtors. The reason is because GPS quite often we can help your realtor
“protect” their commission, while providing an effective solution for you. In this way, everybody wins! If you would like to
inquire further, please contact us today.
LISTING YOUR HOME WITH A REALTOR IS LIKELY YOUR BEST CHANCE TO GET TOP DOLLAR FOR YOUR
HOME. GPS is a Realtor-friendly organization and we believe strongly in the value of working with Realtors...
After contacting the mortgage company to arrange ways to repay the arrearage, making an effort to borrow from friends or
family, attempting to work out an ethical and affordable loan from a lender, researching assistance programs, and still not
able to find a solution that works for you, you may need to sell your property. If you have enough time and there is a
market for your home, this may solve your financial problems. Above all else, the SOONER you start preparing your home
for sale when selling by owner or listing with a realtor, the better your chances of getting a fair market offer to purchase your
home. There is little doubt that if you can sell your home with the expert guidance of a Realtor you stand to get the highest
possible price for your property, unfortunately many people facing pending property problems don't have the time or
money to try to sell their home under these options.
There are matters to consider when preparing to sell your home to stop foreclosure besides the obvious time
constraints:
a) Is your home in good enough condition to be sold at fair market value (same price as similar properties in your area)?
If not, can you afford to fix it up? When you sell your home in need of repair, the sale price will have to be "discounted" for
the buyer to fix up your home.
b) Do you have enough time to sell it?
Many owners try to get a new loan to avoid foreclosure and by the time they find out they cannot get financing, there is not
enough time to sell the house on your own or even with a Realtor. The longer you wait, the more likely you will need to sell
your home to an investor who offers "a quick closing, all cash transaction" for significantly less than fair market value.
(TIP: If you think you have time list with a realtor, be sure to limit the length of time for the listing agreement – that way, if
your home does not sell, you can de-list your property and sell to an investor quickly if necessary).
c) Realtors charge commissions – do you have the money to pay this?
d) Are you selling to a “retail buyer” who will be using a loan to purchase your property?
If so, it’s important to know that most banks will need 30-60 days in order to underwrite your buyer’s loan – even then there’
s no guarantee your buyer will be able to secure that loan. If your buyer later pulls out, then you will have lost a lot of time –
with nothing to show for your efforts and an even worse home debt problem.
e) In today’s “Buyer’s Market” homes, you may have to offer some substantial seller concessions (ie money out of your
pocket) in order to induce a buyer to buy YOUR home. After all, builder’s continue to flood the market with NEW homes and
the builders are offering fabulous incentives to get buyers to buy from them. Which would YOU choose – a NEW home
where the builder pays all your closing costs and will give you a new car or pay your mortgage for a year upfront (or) a
USED home that needs some minor cosmetic repairs and for which you have to pay your own closing costs?
(INSIDER SECRET! Did you know that after you take into account all the concessions you have to pay +
commissions + continued mortgage payments + other costs, very often you would end up clearing a similar
amount if you sold to an investor today? Want to see if this is true for you? Visit the WHOLESALE PAGE for more info.).
-SALE BY OWNER (or) LIST WITH A REALTOR:
FSBO or listing with a realtor may be viable options. In fact, listing with a realtor is probably your best chance of
getting “full market value” for your property. However, this will only work if you have enough time, can afford to fix up
your home and are willing to pay a 3-6% realtor commission. And, this assumes you and your realtor can find a buyer who
will pay your “retail” asking price AND who will be able to secure a loan – all of which takes time. But remember, you must be
able to sell soon – if you are already in foreclosure, your time is quickly running out.
Can GPS help you with this option?
YES, if you feel that listing your home with a realtor is your best solution and you would like to be referred to a Realtor, GPS
can refer you to one of the companies that we do business with. That Realtor will help you evaluate your situation more and
see if listing your home is a possibility for you. (Full Disclosure: GPS may be paid a fee for referring you). If you would like to
inquire further, please contact us today.
Do you already have a Realtor?
Good for you! Working with a realtor can provide you with many benefits noted previously. Nonetheless, if you and your
realtor are not able to sell your home, GPS may still be able to work with you. GPS is a “REALTOR-FRIENDLY” company – in
fact, most of our clients are referred to us by realtors. The reason is because GPS quite often we can help your realtor
“protect” their commission, while providing an effective solution for you. In this way, everybody wins! If you would like to
inquire further, please contact us today.
| Genesis Property Solutions, LLC "Creating New Beginnings for Homeowners" Let GPS guide you to a fresh start in life, too! |
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| Copyright Genesis Property Solutions, LLC. All rights reserved. We specifically disclaim any errors, omissions, or any other inconsistency herein. We specifically disclaim any liability, risk or loss, personal or otherwise as incurred as a direct or indirect result of your reliance on this information. All GPS Fees are subject to change without notice, however any change will not affect deals currently in progress. |
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| EMAIL GPS gps@genesispropertysolutions. ORG |
| FAX GPS 813-200-3324 |
| Call GPS 888-GPS-LLC7 |
| Fearing Foreclosure? STOP FORECLOSURE & GET RID OF YOUR HOME by selling yourself or with a Realtor |
