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Selling Your Distressed Home? – Avoid These Mistakes

With the amount of expected home foreclosures predicted in the U.S. this year, many homeowners will be faced with the daunting task of trying to sell their distressed home. In this difficult time, it’s important that measures are taken to help reduce any pitfalls of selling a distressed property. Otherwise, you will find yourself stuck in a predicament while still trying to sell a distressed property before the foreclosure.

Worried how you will go about it? Here are the top three mistakes you can avoid while selling a distressed home:

1.   Know Who to Turn Away

It is important that as a homeowner selling their distressed home, you know who exactly is the kind of buyer you would want to deal with and who isn’t. Knowing your ideal buyer or investor is right up the rules of selling 101 because otherwise, you are putting yourself at a huge risk of unfair payment or, worse – fraudulent purchases.

2.   Understand When to Compromise

Although it is advised to wait for a good enough deal to sell your distressed home – on the contrary, you should understand when to make a compromise. You don’t want to be stuck with a distressed home nearing foreclosure when you had a good enough chance to get rid of it on a fair enough deal.

3.   Don’t Get a Buyer That Can’t Offer Cash.

Lastly, any buyer offering credit on a property nearing foreclosure is highly likely to be scamming you. There is no mortgage forfeited on a distressed property. It is best to sell your distressed home to a cash-only offering.

Therefore, if you are looking for a hassle-free and secure channel to sell your distressed property, Citihomes is ready to offer a fair all-cash payment. We are a cash home buyer from Portland, Oregon. We buy distressed property houses in any condition located in areas like Multnomah, Washington, Clackamas, Marion, Linn, Benton, and Polk counties.

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