How To Sell My House Fast

If you are in the market for a new home, you are most likely considering location to be one of your top factors. Take the location factor to the next level when you consider the state that you have chosen to live in. After all, having a number of career prospects and a growing local economy not only bodes well for you personally, it can have a significant impact on the financial value of your house. You want to live in an area that has ample job opportunity combined with a steady and solid real estate market that will provide protection and stability in a potentially shaky economy. Before you buy a new home in the area, it pays to check the unemployment rate locally.

One of the most stable areas for individual to consider purchasing or selling their home is
Idaho. The solid economy here has a number of benefits and factors that contribute to a stronger-than-average housing market. Unaffected by the price booms of places like California and Florida,
Idaho has a stronger housing market and an economy of interest to both locals and outsiders looking for a good place to move for their careers. Idahoans that sold their homes in the last quarters saw a stronger financial gain than those suffering from large real estate value losses in the coastal states where property values had risen sharply due to a real estate market inflation.

Currently,
Idaho boasts one of the lower unemployment rates in the country. As they say, location is everything and here,
Idaho becomes very enticing. With the rise of uncertainty and potential recession looming on our horizon, a low unemployment rate combined with a solid real estate market makes moving to
Idaho the wise financial move.

The chances of finding a great job in
Idaho are strong, but keeping your job can be even better. With a steady income and plenty of job security,
Idaho residents are enjoying a steady market with secure real estate prices, avoiding the stress of the shakier markets in other states nearby. With a low unemployment rate,
Idaho residents are able to enjoy less difficulty finding work and paying for their mortgage and bills on time, limiting delinquencies and other financial issues.
If you are looking for a state to find a solid real estate market and low unemployment rate combined,
Idaho is worth looking into. You want to be in a state with an unemployment rate lower than the national average, which is currently at around 5 percent. Idaho, on the other hand, has an unemployment rate of 3 percent, tying it for first with
South Dakota as one of the best places to live and work in the country. With top industries of trade, utilities and transportation,
Idaho’s solid market provides a steady growth rate for the real estate market. The low unemployment rate provides a wall of protection for individuals selling or buying a home in the state.
From this information it is obvious that many cities in Idaho including, Boise, Meridian, Eagle, Kuna, Nampa, Caldwell, Star,
Idaho Falls, and many others will continue to do well in the real estate arena. With a great job market
Idaho real estate will continue to flourish while the rest of the nations real estate declines.
If you are in the market for a new home in Idaho or have a home in
Idaho that you need to sell quickly contact your local home buyer. They buy and sell many homes each month.

In the last quarter of 2007, home prices in the
United States fell roughly 1.3%. That’s a new record fall and not a great sign for those of us involved in the housing industry.

A recent survey by the Office of Federal Housing Enterprise Oversight shown that there are some local markets that are faring well, despite average housing drops. This stability can be hidden by the national survey figures and ignored when discussions about the dropping real estate market are made.

So who hurts the most in a housing drop? Coastal regions seem to fare worst of all.

In a report done on 291 cities, there were widespread declines around the area. However, some of the worst drops were found in
California. Here, homes dropped in price by 6.7% compared to their value the year before.
Florida was also hit hard with 4.7%. Is the bubble bursting for these real estate markets and reducing the real estate value to a more appropriate level, or are coastal regions just more susceptible during housing drops? Can it be a combination of these factors?
Are all the foreclosures causing the housing market to drop?
Despite these dramatic numbers, the rest of the country is holding on better than here. Homes throughout the rest of the country lost less than 2%, while some areas stayed the same. Remarkably, there were even some areas that improved despite national losses. The middle of the country saw more stability since they were never affected by the same rushing price increases seen in Florida, California, Arizona and
Nevada.

There were eight states that even saw house prices rise over the year, including:

• Utah – 9.3%
• Wyoming – 8.3%
• North Dakota – 7.8%
• Montana – 6.9%
• Texas – 6.2%
• New Mexico – 5.4%
• Washington – 5.4%
• Oklahoma – 5.1%

Of course, like any other market, there are a number of other economic developments that are still being watched to see how they will impact these housing numbers. Some of these factors include the number of unsold homes that are currently available in many markets. It seems the inventory for unsold houses is at a historic peak – and continuing to grow. Interest rates and the overall health of the
U.S. economy will directly impact these unsold homes and the comprehensive inventory rates for these homes.

What are some of the things to look out for when analyzing the housing market?

Inventory – The number of existing unsold homes rose to 10.3 months until they are sold. In a balanced market, it should take five to six months to sell these homes, indicating that we are currently seeing a swollen number of unsold homes.

Foreclosures – Default notices, auction sales and bank repossessions are continuing to grow.

Confidence with Home Builders – Each year, a survey is done with construction professionals to gain their views on the existing market conditions. A number over 50 will show positive optimism for the year ahead. October and November of 2007 saw a historic low of 18.

Delinquencies – 5.59% of mortgages had late payments as of third quarter 2007. It’s the highest delinquency rate since the report has been tracked in 22 years and an overall increase of .92%.

If you live in an area where the home prices continue to drop and you need to sell your house, contact your local home buyer to receive an offer right away. A local home buyer is a real estate investor who is local to your area and can help. If you are thinking how will I ever sell my house in this real estate market…Your local home buyer may be your only answer.

When it comes to selling your house you have a few home selling options. You can sell your house with a real estate agent, you can sell your house for sale by owner, FSBO, or you can sell your house to a real estate investor.

No matter what you may think about these selling options all of them should be considered when you go to sell. Each selling option has its own benefits.

If you list with a realtor you will not have to put in much effort but you will definitely have to pay large commissions.

If you sell FSBO you will not have to pay large commissions but you will have to come out of pocket for your marketing expenses and you will have to put in lots of work. 

If you sell your house to a reputable real estate investor you can sell your house fast with no effort and save money. That’s right, not all real estate investors are looking to take advantage of home owners in distress. Many professional real estate investors are looking for a win, win situation.

Professional Real estate investors are always looking for ways to increase their real estate portfolio. Many of them hold properties for long term, meaning they do not have to buy at huge discounts.

When selling your house you should consider all your home selling options. The fastest way to find out what your home is worth is to contact your local real estate investor and get a free offer for your house.

Continued foreclosures, the credit crisis, and a looming economic recession are fueling one of the largest community changes ever to hit your neighborhood, vacant houses. Empty houses for sale are popping up in all major communities and no one is immune to their affects.

The Census Bureau recently reported home vacancy rates rose to 2.8%. The home vacancy rate is the number of homes for sale that are sitting vacant. This is the highest vacancy rate since the government began tracking vacancy home rates in the 1960’s. Mark Zandi, chief economist at Moody’s Economy.com stated “this could be the highest vacancy rate since the Great Depression”.

Some cities like Cleveland are getting hit hard. Nearly 10% or 12,000 houses are sitting for sale and are vacant. Other major hit areas are in California, Nevada, and Florida. Most of the states with the highest vacancy rate can be contributed to speculator building by home builders and poor investment buying by real estate investors.

The high vacancy rate is getting the attention from many local governments across the U.S. The major reason is vacant houses depress even the greatest neighborhoods. When vacant houses exist in a community, vandalism and crime increase. Another reason many local governments are taking a look at the vacant house issue is the cost to maintain the houses.

When there is a vacant house that is abandoned by its owner someone has to maintain the property and that happens to be the local government. That is your tax money paying to have the lawn cut, the trees trimmed, the windows boarded up, and the pool drained. Vacant houses also decrease the property values of homes in the same neighborhood.

So next time you see a vacant house in your neighborhood while on your drive home from work, know that you will be affected. This vacant house is steeling your tax money, and decreasing the value of your house.

So what can you do to solve the vacant house problem in your neighborhood, get involved. If you know of someone who is getting behind on their payment and thinking of abandoning their house, get them help. Have them contact a local real estate investor or home buyer to determine their selling options. Have them call their mortgage company and try to work out a new loan with their bank.

If you see an empty house in your neighborhood, contact a local home buyer yourself. Local home buyers will track down the owner of a vacant house and buy. They will then fix any issues with the house and sell it to someone wanting to live in a great home. Local real estate investors are very savvy when it come to real estate. There are many ways homes can be purchase even if they are in foreclosure or have no equity.

Besides taking 2 minutes of your time to contact a local home buyer about an abandoned house in your neighborhood could make all the difference in your homes value when the time comes for you to sell.