How To Sell My House Fast

Hybrid mortgages such as interest only loans, adjustable rate mortgages (ARM’s), and other non-conventional mortgages are causing many people to go into foreclosure. Hybrid mortgages were given to people from all walks of life. Hybrid mortgages were mostly used to allow people to purchase more expensive houses and have a smaller monthly payment.

One of the main causes for the recent increase in the foreclosure rate is monthly payment increases. Many hybrid mortgages came with teaser rates. Teaser rates are interest rates given at the beginning of a mortgage for a short period of time. Other mortgages such as ARM’s are also affecting the foreclosure rate with their adjustments. Many ARM interest rates are changing and people can not afford the new higher monthly mortgage payment.

President George W. Bush recently proposed policies designed to help slow the foreclosure rate in America. The proposal will allow people who could not qualify for FHA refinancing, to meet the FHA qualifying standards.

You can be sure that this is not the last legislation we will see that is designed to stop the foreclosure rate from increasing. Real estate is very much a part of our national economy. Excess foreclosures affect our national economy in a negative way. House prices decrease and that causes people to stay where they are and not purchase more or larger houses. It also affects the number of second homes being purchased. If people thing their property value is going to go down after they purchase, they will wait until they think the market is at its lowest point before buying. 

The new proposed legislation is expected to help the real estate market and most importantly people who are falling into foreclosure and loosing their homes. The problem is the proposed legislation will not help everyone loosing their house to foreclosure. If you are in a situation where you need to sell your house fast to stop foreclosure then contact your local FHA office. If you do not qualify for their current refinance standards then contact your local home buyer.

It is important you know each state foreclosure laws are different. If you are getting foreclosure information from websites or magazines, you need to know that the information you are reading is relevant to the state you live in. It is much safer to contact your local home buyer and find out your options.

Local home buyers purchase many houses before they are lost to the bank and the foreclosure process. Selling your house fast will stop the foreclosure process and save your credit. Local home buyers will also let you know your options when it comes to foreclosure. It is important to know your states foreclosure law, because each state is different.

While main stream median states that nearly 50% of marriages end in divorce, the number is actually closer to 40%. In 2004, 37% of marriages ended in divorce and in 2005 that number increased to 38%.

States across the nation are experiencing an increase in divorce rates and at the same time reporting a decrease in marriages. Idaho is a perfect example of a state reporting these divorce and marriage statistics.

In 2004 Idaho reported 6,922 divorces, in 2005 that number raised to 7,126, then in 2006 the number of divorces in Idaho raised again to 7,500. During the same years (2004-2006) the number of marriages in Idaho decreased year after year. In 2004 there were 14,997 marriages, in 2005 that number decreased to 14,935, in 2006 the reported marriages dropped again to 14,811.

No matter what state you live in, if you are going through a divorce you should know you are not alone. While going through a divorce there are many decisions to make and none are easy. There are financial decisions, family decisions, asset decisions, and the list goes on.

Most likely the largest financial and asset decision you and your soon to be ex will make is what to do with your house. For most Americans their house is their larges asset and biggest investment.

There are basically two options to solve your house and divorce situation. One option is for one person to keep the house. The other option is to sell your house fast.

If one of you decides to keep your house it will require you to refinance your house and split the equity with your spouse. This solution is typically not the best choice because now there is only one income to pay the total mortgage payment instead of the combined two. Also, after refinancing your house the new mortgage payment will be higher.

The other option is to sell your house fast. There are basically three options you have to sell your house and only one of them solves the selling situation fast.

Selling your house FSBO definitely will not sell your house fast. It will involve you cooperating with your soon to be ex and doing things together. You will have to keep paying all the mortgage payment, utility bills, etc. before your house sells, and you will have to deal with potential buyers.

Another not so easy option is to list your house with a real estate agent. This option also requires cooperation with your spouse. You still have to keep paying all of your house and utility bills. You have to have your house in excellent condition so potential buyers can walk through your home and see if they like it. Another negative aspect of listing your house is the large commission you will have to pay your real estate agent, if and when your house finally sells.

The best option is to sell your house fast to sell it to a local home buyer. Local home buyers purchase many houses each month from people going through divorce. They are courteous to the selling situation and spouses do not have to deal with each other through out the transaction.

Lets face it, divorce is never an easy situation and is almost always a very emotional time. If you need to sell your house because you are going through a divorce, consider selling it to a local home buyer. Your local house buyer will solve your selling situation fast and be sensitive to your situation. You can sell your house fast and get on with your life.

In the summer of 2006 when the real estate market was hot, you could sell your house buy posting a sign out in the front yard. Home sellers were getting 99.5% of their asking price for their house and in some cases houses were being sold over asking price.

Over the last three months the sale prices of houses compared to the asking price of houses has decreased 0.5% in the Boise Idaho area. In June 2007 sellers who sold their home with realtors were getting 98.61% of their asking price. In August 2007 house sellers were getting 98.14% of their asking price. This is just another reminder that we are in a declining real estate market.

Although the house sellers are now getting approximately 98% of their asking price, the time it takes for a house to sell has substantially increased. This is directly related to the increase in inventory of houses on the market.

There are currently over 5,000 houses for sale in the Ada County Boise area. 1150 of these houses are priced from 200,000 – 250,000. This is a 7.2 month supply of houses for this price range, meaning if no other houses were added to the market in this price range it would take over 7 months for all the houses to sell.

Many home owners who need to sell their house do not have time for their house to sit on the market and wait for it to sell. Many house sellers need to sell their house fast. If you are in any of the following situation and need to sell your house fast I suggest contacting your local real estate home buyer and selling your house fast.

·        I need to stop foreclosure fast, I am loosing my house

·        I lost my job and I can not afford to sell my house

·        I am going though a divorce and need to sell my house fast

·        I want to sell my investment property and cash out of my equity

·        I don’t want to deal with tenants anymore

·        We have family issues and can not afford our house

·        I have health problems and need to sell my house

·        I have moved out of state and just want my house to sell

·        My house has been on the market with a realtor and it is not selling

If you need to sell your house fast complete our very short seller form and we will be in contact with you shortly.

In the summer of 2006 when the real estate market was hot, you could sell your house buy posting a sign out in the front yard. Home sellers were getting 99.5% of their asking price for their house and in some cases houses were being sold over asking price.

Over the last three months the sale prices of houses compared to the asking price of houses has decreased 0.5% in the Boise Idaho area. In June 2007 sellers who sold their home with realtors were getting 98.61% of their asking price. In August 2007 house sellers were getting 98.14% of their asking price. This is just another reminder that we are in a declining real estate market.

Although the house sellers are now getting approximately 98% of their asking price, the time it takes for a house to sell has substantially increased. This is directly related to the increase in inventory of houses on the market.

There are currently over 5,000 houses for sale in the Ada County Boise area. 1150 of these houses are priced from 200,000 – 250,000. This is a 7.2 month supply of houses for this price range, meaning if no other houses were added to the market in this price range it would take over 7 months for all the houses to sell.

Many home owners who need to sell their house do not have time for their house to sit on the market and wait for it to sell. Many house sellers need to sell their house fast. If you are in any of the following situation and need to sell your house fast I suggest contacting your local real estate home buyer and selling your house fast.

·        I need to stop foreclosure fast, I am loosing my house

·        I lost my job and I can not afford to sell my house

·        I am going though a divorce and need to sell my house fast

·        I want to sell my investment property and cash out of my equity

·        I don’t want to deal with tenants anymore

·        We have family issues and can not afford our house

·        I have health problems and need to sell my house

·        I have moved out of state and just want my house to sell

·        My house has been on the market with a realtor and it is not selling

If you need to sell your house fast complete our very short seller form and we will be in contact with you shortly.

http://www.ExpertHomeOffers.com

The slow down in the real estate market is causing home prices to fall across the country and Idaho is not immune to the change.  Home owners who purchased houses in Boise, Eagle, Meridian, Nampa and other cities around Idaho are feeling the slump. There are many people who purchased houses last year when the market was at its peak and house prices were high. Others refinanced their house to spend the equity they gained of the last year of high appreciation. Now that house prices are falling people owe more for their house than what it is worth.

This trend is increasing the foreclosure rate in Idaho. The foreclosure rate for the first half of 2007 rose 21 percent compared to the same time in 2006. In the first half of 2007 there were 1,174 foreclosure fillings in Idaho compared to 1,418 for the same time in 2006.

So, how are they supposed to sell their house if they own more than what it is worth? Well there are ways and it is much better than foreclosure. If you need to stop foreclosure and sell your house contact your local home buyer. Local house buyers are professionals who help owners stop foreclosure and save the sellers credit. Visit http://www.ExpertHomeOffers.com for a free offer for your house.

Even though the Boise housing market has taken a down turn from the 20% plus annual increases in property value, things are still looking good in Ada county. Ada county includes Boise, Eagle, Meridian, and Star. Ada county home prices have risen approximately 7% this year (from January to July).

The median home price in Ada county (Boise, Meridian, Star, Garden City, and Eagle) is $235,000. This may seem like a lot to some people but Boise home prices are very inexpensive compared to other real estate around the nation. 

I contribute the home price increase to the decrease in home owners wanting to sprawl to the outer limits of the city and the increase in home inventory in Canyon County. There is a lot of inventory in the outer city limits. Canyon county includes Nampa, Caldwell and Kuna. Many home developers over the lat few years purchased property and started building subdivisions. Almost all of the home building went west toward Oregon. Now Canyon county has a great deal of homes on the market and it is definitely a buyers market.

This does not mean Canyon County is not a good place to purchase a home. In fact Nampa and Caldwell are going though some face lifts. Both cities are putting a great deal of money into increasing their down town look and feel. They had an increase in homes over the last couple of years and now the commercial real estate is starting to catch up. Both cities are getting larger restaurants and department store chains and the street corners are filled with new small commercial buildings.