How to Sell your house fast

The way to sell your house quickly is to follow the formula I call the Sell Your House in Nine Days system. It is also called the round robin. There is a specific way to sell your house in nine days, without an agent, that lets you get top dollar (considering today's market). Even if "there are no buyers."

Because ask yourself this. Let's say your house is worth $200,000. Would someone buy it for, say, $50,000? Of course they would. In a heartbeat. In the worst market. Heck, I'd buy a $200,000 house for $50,000.

So there are buyers at the right price.

Would someone pay, say, $100,000 for a $200,000 house? Probably yes. In Florida, in California, in the worst areas, a house that sells for half price will sell.

So the point is, that there are "no buyers" at yesterday's prices. Today's prices are so much lower than yesterday's that sellers and lenders never got the message. It happened too quickly.

How to find buyers when nobody else can!

So besides selling your house in nine days, you have to know how to convince your lender that the offer is a good price. There is a method to this. The lender is so busy with a million other foreclosure situations and short sale situations that you must speak their language once, quickly and effectively. If you know what they need to see, you can effectively communicate with them and they will move on your short sale deal and say "yes" while they let other people's deals sit there at the bottom of the pile.

The key here is convincing them that the short sale price is right. They rely a lot on a broker's price opinion, or BPO. And there is a whole system of ethically and honestly convincing the broker that the selling price is a fair one. If the broker reports that your short sale price is fair, the lender will probably say "yes."

So this is a matter of putting together the right package of paperwork, doing the nine day sale (which works in any market, virtually, no matter how bad) and convincing the lender that the price that has been offered and accepted is fair.

The secret so you can sell your house fast

Now, you will be the one house in the neighborhood that sells. Warning: your neighbors will hate you. Their houses will be sitting on the market unsold. And your sale will become the new "comp" in the neighborhood that drives down the home values for everyone else. But you know what, that's life. Everyone was thrilled when the values were rising…when one house first sold for $200,000 and all the other houses had sold for $150,000 the year before, everyone was thrilled that their house "is now worth $200,000." So they have to take the same medicine on the way down.

Okay, speaking of taking your medicine…if you have successfully gotten out from under, now you will want to do two things. You will want to escape from your massive credit card debts and horrible medical bills, and you will need a place to live. Still want to be a homeowner? I love renting myself, but if you want to own and get a mortgage deduction and restart your own personal American Dream from scratch, I will tell you how to do both.

Click here to discover how to get relief from horrible debts, and buy a new house with little or no money down.

Help to stop foreclosure and get mortgage debt relief

Help to stop foreclosure and get mortgage debt relief

If you are looking for answers to your mortgage and debt problems, this site might be the most important site you ever read.

First I will tell you the story of how I survived the last real estate crash. I was an investor and I got into big trouble. I managed to get myself out of trouble years later. And now I know what you should do to get yourself out of trouble.

So read this if you are in ANY of the following situations (or several):

1. You owe more than your house is worth.

2. You can no longer afford to live in your house

3. You want to live in your house but can't afford the newly reset ARM payments

4. You have crushing credit card debts and are thinking about bankruptcy

5. You want to sell your house but there are "no buyers".

Bubble secrets that set you free

Okay, so let's begin. I will tell you a little bit more about my story because it will show you some insight into your own problems. And then I'll be very specific about things you should do in terms of "A, B and then C". So listen up.

In California in the last real estate bubble and crash, I was able to finally sell my house and take a big loss. This was in 1995. Prices started falling in 1990. Everyone (including me) thought prices would "come back" soon. But that didn't happen. Prices plummeted. Over years.

So I should have sold years sooner. That was a big mistake on my part because I didn't know better then. If I had sold earlier, years earlier, I could have been happy renting, and with a big bank balance awaiting a better day when it was time to buy again.

Only people who sold their house and rented were immune from the crash in California in 1990.

So this time around, in 2005, my wife and I sold our house and now we rent.

Two years ago, everyone thought we were crazy. Two years later, it seems like we did the smart thing. But only because of that experience in Los Angeles.

So if you don't want to sell but want to stay instead, what should you do? I will explain.

Click here to find out how to lower your mortgage payments without getting a new loan

Lower your mortgage payment without getting a new loan

written by Richard Geller

A lot of people bought on adjustable ARMs, or option ARMS. Or exploding ARMS. I just had dinner over the weekend with friends and heard a friend-of-a-friend story. They bought a house for $5000 per month in payments three years ago. Undoubtedly they thought they'd make oodles of dough. In three years, which is now, the loan resets upwards to maybe $9000 per month. They couldn't afford $5000 and $9000 is a pipe dream.

Oh, and did I mention that the houses in the neighborhood are littered with for-sale signs? And that the agents say flat out there are "no buyers anywhere."

So, these people should get on the phone to their lender and explain the dire situation they are in. Make it the lender's problem.

Don't ignore your lender. Don't fall behind on your payments and simply withdraw like a turtle into its shell.

Talk your way to lower loan payments

The biggest mistake people make in this situation is not communicating with the lender. You have no idea of the amazing things you can do in this situation, but only if you are willing to get on the phone and write a letter or two to your lender.

The lender has a big problem. They could get a house back and lose hundreds of thousands of dollars. Or, they could work with this family so that the family could stay in the house.

On the one hand, the lender loses hundreds of thousands. On the other hand, the lender doesn't have these massive writeoffs. Which choice would you make if you were the lender?

Exactly. The lender would love to work things out with these people if at all possible.

Some things can can be done:

Take the delinquent amounts, the late payments and fees, and tack them onto the loan balance. Now the homeowners no longer have to cough up all the payments and late fees and charges to bring the loan current. The lender will make the loan current by rolling up all the past due amounts into the loan.

Second, the interest rate is too high. The homeowners can't afford those payments and the lender is facing a foreclosure and writeoffs. Since homes aren't selling in that neighborhood, the lender doesn't want to get stuck with another house. And yet, the homeowners want to stay in their house. They don't want to move.

Now, lower your interest rates

So the homeowners should ask the lender to slash the interest rate. From 8% or whatever it is, to 3% or 4%. An interest rate that the homeowners can afford.

If the lender lowers your interest rate, that would be fantastic.

There are other possibilities, though, such as lowering the payment and tacking on additional principal to the loan, basically negative amortization. But I wouldn't negotiate for that if I were this family. I'd go for a period of, say, 36 months interest only at 4% if that is what I could afford. Then in 36 months we'd see how things were at that time and go from there.

Point is, there are a lot of things that can be done if a family who faces a payment reset or foreclosure situation gets in touch with their lender.

Okay, but what if you are in a situation where you simply can't afford to keep your house, no matter what?

I would try to sell now if I still owned real estate and I didn't want to own it for ten or more years. There may still be time to leave the sinking ship. But if you wait until Spring, or wait until it "bounces back", and you have a short fuse, you are making a big mistake.

And what if you owe more than it's worth?

Click here to find out how to do a short sale so your lender says "yes" and you escape free and clear with good credit