Sunday, July 27, 2008

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.

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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.


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