Behind On Payments? No Problem! Get Out Fast With a Home Buying Company!

Nov 23, 2022

Financial reversals can happen to anyone, sometimes without warning. It is difficult to comprehend the anxiety and worry that accompanies financial troubles unless you have gone through them yourself. Digging your way out of a financial struggle can be a real challenge. Often, the only way out is to cut your biggest expenditure–your mortgage payment. The easiest way out of a mortgage you can’t afford is to sell to a home buying company. Here’s why:

Save Money on Repairs!

Selling your home may be the only way to get back on your feet. However, a conventional sale can cost you money that you simply don’t have. If you are behind on your payments, chances are you don’t have the cash floating around to make any necessary repairs, updates, or remodels required for a traditional sale. Luckily, there is another way. Home buying companies will buy your home as-is. That means that you don’t have to lift a finger or spend a penny getting your home ready to sell.

Stop Payments Fast!

If you are already behind on your payments, the last thing you need is to continue heaping more payments on top of what you already owe. Because a conventional sale can take the better part of a year to complete, you don’t get that needed relief from your payments for months. When you sell your home to a home buying company you can close in as little as seven days. Just imagine what you could do with the money you will save on those payments!

Don’t Lose Out on Commissions!

During a financial crisis, it is usually best to cut your losses and start over. It’s certainly not the time to spend 6% of the sale price on realtor commissions. It’s also not the time to lose 2% off the sale price in closing costs. And yet, that’s the price you pay for a conventional home sale. Instead, sell your home for fast cash to a home buying company. You won’t pay a penny in commissions or closing costs. Instead, you get to use your money to get back on your feet. 

You have probably wondered if you can even sell your home when you are behind on your payments. Thankfully, you can when you sell it to a home buying company. That’s what these companies are for–to help you get out of a bind when times are tough. 

Learn more about how cash home buyers like BuyBHM are there to help you by clicking here ! If you are behind on your mortgage payments, BuyBHM is here to help!

Alabama Home Sales
09 Mar, 2024
In today’s fast-paced real estate market, securing a cash offer for your home in Alabama can set you apart from the rest. With the right approach and understanding, homeowners can swiftly move through the sales process, ensuring a smoother and often quicker transaction. This provides a notable advantage, especially in a competitive market where time can be as valuable as the offer itself.
Inspection Checklist
03 Mar, 2024
A home inspection is a vital step in the sales process, providing transparency and building confidence for both the seller and buyer. For a seller in Alabama, it's an opportunity to identify and rectify any potential issues that could impede the sale or affect the price of the home. From a buyer's perspective, it ensures that the property they are considering is structurally sound and free from hidden problems that could lead to unexpected expenses.
Navigating Divorce
23 Feb, 2024
When facing the tough circumstances of divorce and financial strain, selling a home quickly can be a crucial step towards closure and settling debts. In Alabama, there are specific considerations to keep in mind that can streamline this process, allowing individuals to move forward with their lives with greater ease and financial freedom.
Cash Home Sales in Alabama
17 Feb, 2024
In any real estate transaction, closing costs can be an unexpected headache. These costs are various fees and charges that buyers and sellers incur over and above the price of the property. They typically include items like title insurance, attorney fees, appraisal fees, and taxes. As buyers and sellers approach the finish line, these costs can add up to a significant sum—at times, up to 2-5% of the home's purchase price. For buyers, this adds to the amount they must bring to the table, while for sellers, it eats into their profits.
Cash Offer
09 Feb, 2024
In an age where stability can be as fleeting as the weather, the assurance of a cash offer when selling your home can be like an anchor in choppy seas. It simplifies the process, cuts through the potential for delay, and gives you the certainty you need in an otherwise unpredictable market.
As-Is Home
03 Feb, 2024
Selling your home in its current condition, often referred to as an "as-is" sale, can be an attractive option for many homeowners. This approach typically involves a cash transaction, where the buyer purchases the property in its existing state, without requiring any repairs or improvements. Understanding the nuances of such sales is crucial for homeowners looking to make informed decisions. It's designed to provide you with the knowledge needed to evaluate the true value of your home and make the best choice for your circumstances.
Sell Your Fixer-Upper
23 Jan, 2024
Selling a house that needs repairs can seem like a daunting task. Many homeowners may feel that they need to invest a significant amount of time and money into fixing up their property before putting it on the market. This is not always the case. There are ways to sell your 'fixer-upper' without having to lift a hammer or spend thousands of dollars on renovations.
Selling an Inherited Home
17 Jan, 2024
Inheriting a property can often be a complex and emotional process, especially during a time of grief. Coupled with the intricate nuances of real estate and tax laws, selling an inherited home can feel like an overwhelming task.
Relocating and Selling Your Home
10 Jan, 2024
When the river of life surges, carrying you swiftly toward new shores, the need to relocate often arises with an urgency that demands swift, decisive action. It may come in the form of a new job in Birmingham or a sudden family necessity in Hoover. For many homeowners in Alabama, including our friend Chris, the clock ticks louder when a house must be sold before the next chapter can begin. The drive for a quick sale is fueled by various factors—from job relocations and family circumstances to financial changes—each bringing its weight to bear on the decision-making process.
Selling Your House Fast
03 Jan, 2024
The process of selling a house can often be lengthy and complex, but there are methods to expedite this process, particularly through cash-for-house sales. This approach simplifies the transition from listing a property to converting it into liquidity. Homeowners looking for a rapid sale find this method advantageous, especially in scenarios demanding urgency. We delve into the streamlined steps of a cash-for-house sale and its timeline benefits compared to traditional selling methods.
More Posts
Share by: