Why Is Selling A House in El Cajon Through A Short Sale A Better Alternative To

Foreclosure?

 

Homeowners rarely consider the fact that some day they may have to face a foreclosure. Unfortunately, in

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recent years, numerous homeowners have lost their homes as a result of the crashing real estate market and economic downturn. However, for some homeowners there is the alternative of selling A House in El Cajon by making a short sale. Making a short sale is certainly a better option than foreclosure, and there are several others reasons to proceed with this transaction.

1. It ensures peace of mind

It is true that even short sales pose a risk to the seller’s credit, and the financial consequences of the inability to pay for a home are not completely eliminated. However, the door to other solutions is opened up by when Selling A House in El Cajon through a short sale, so that the grueling, lengthy foreclosure process and legal action can be avoided. Short sales can improve a homeowner’s position, reducing their financial burden and restoring their credit to some extent.

2. It protects against scams

There many scam artists who prey on stressed and vulnerable homeowners who are facing foreclosure by offering catchy slogans, money-back guarantees and solid promises. Such fraudulent deals only leave homeowners with even more debt. However, the option of Selling A House in El Cajon makes it possible to avoid falling victim to such scams. Just like a typical real estate transaction, homeowners can do perform a background check of the professionals they will be working with.

3. It provides more control over the transaction

No doubt, meetings, negotiations and paperwork are involved in a short sale; however, the process is not litigious like a foreclosure, rather it is similar to a typical sale. Generally, at least some stress is experienced during any real estate sale. However, homeowners are able to play a more active role when Selling A House in El Cajon through a short sale and they have to deal mainly with the bank, the buyer and their real estate agent. This makes it easier to manage a short sale.

4. It is ideal option for investors

No investment is ever “foolproof.” However, considering short sales can prove to be beneficial for both investors and struggling homeowners. In particular, buying short sales offers numerous benefits to investors. For instance, a home can be purchased at a price below-market value and can then be sold at a more competitive, higher price. Moreover, information about the home can be easily accessed. Moreover, the short sale market is considerably popular at the moment.

5. It provides opportunities to real estate agents

Unlike a foreclosure, the process of making a short sale is not as complicated. Even though Selling A House in El Cajon through a short sale still happens to be a multi-step process, it also proves to be beneficial for both a homeowner and their real estate agent. For real estate agents, this niche tends to be quite profitable. Real estate agents can stand out in the local housing market if they manage to capitalize on many short sales.

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Conclusion

No doubt, a homeowner will not be able to get rid of the entire debt by Selling A House in El Cajon through a short sale, but it is surely better than accepting foreclosure, and is more beneficial for everyone involved.
Please be aware that there are other options available to you. We buy houses in El Cajon to help people just like you. Of course you could take your chances selling the home yourself, and you might even come out on top if you structure and package your offering correctly. We’re not saying there is no other way to sell your home, we’re simply offering a mutually beneficial way to sell your home which is the quickest and easiest option around.
Interested? Call us now at (619)777-6077 to move on with your life.

article topic:  Selling A House in El Cajon