Liqudating Real Estate for Upfront Cash

by | Apr 26, 2019 | Real Estate

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When you first bought your home, you thought it would be a good investment that would pay off big as the years passed. However, as time went on, your home may have started costing you more than you could afford. You may now be spending most of your savings and income on home repairs that you do not fit in your budget.

Rather than continue owning a money pit, you might be interested in liquidating it as soon as possible. By going through a cash buyer house sale San Antonio homeowners like you can get cash upfront for your home so you can rent or buy another home that is more affordable.

When you decide to pursue a cash buyer house sale San Antonio homeowners like you may wonder if the transaction will really be in your best interests. You might think at first that the buyer will shortchange you on how much the home is actually worth. You may fear getting very little out of a home on which you spent tens or hundreds of thousands of dollars.

In fact, the buyer for your home will evaluate how much to give you in cash based on a number of criteria. The first factor will be based on in what condition your house currently is and how much work will need to go into fixing it back into shape. If there is a lot of work to be done, the buyer may deduct those costs from the final price.

Another factor is the value of homes in the area. While you may not get the full resale value of your home, you still walk away from the transaction with cash in hand. You can use that cash to pay off most or all of the remaining mortgage. You can also use it to lease or buy a new place.

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