Life can bring unexpected situations that leave you searching for solutions. These could include homes falling into states of disrepair that are far beyond the owner’s capacity to handle. Family houses can be affected by bankruptcy, or even foreclosure. There could have been a death, divorce, illness, or job loss within your family, leading to lost income or a forced relocation. Whatever your situation may be, FastPath Home Buyers is here to help you. Here at FastPath, We buy houses in Minneapolis, and throughout the state of Minnesota. Above all else, our main mission is to support home sellers within our local community, by providing them with a fast and easy way to sell their houses. Sometimes, when your going through a tough time, you may need solutions quickly. This is what we provide! Contact us today by calling (612) 351-2384, and take the first step to selling your house as quickly as possible (usually within 7 days).
For those who need to know how to sell a distressed property in Minneapolis, we’ll cover the options you have available. Let’s dive into some of the options you have, when trying to sell a distressed property in Minneapolis
Note: Traditional listings for this type of property are not suggested for the following reasons: they don’t attract most buyers, they take far too long and the process is too expensive for most owners of a distressed house.
Let’s explore using the service of a professional cash buyer when you’re selling a distressed property in Minneapolis.
Due to the nature of cash sales, you’ll benefit time-wise. Cash Home buyers are usually able to close extremely quickly because of the readily available cash they often have at their disposal. Here at FastPath, we are prepared to close on any offers we provide our home sellers in as little as 7 days. With us, there is no downtime. You won’t have to spend months waiting for the right buyer to come around the corner. Contact us Now and get a fair all cash offer by filling out the short form down below.
Additionally, the sale is “as is”. This means that Professional Home Buyers- such as FastPath- will not require you to clean your house. Nor will you be required to make the investment of your precious time and money in repairs.
Now, because the professional buyer is taking all of the risks, and offering the advantages of cash sales, their offers are usually below the properties current market value. A word to the wise, do your research on who you’re dealing with. Regrettably, there are unscrupulous buyers who may try to take advantage of the time or financial constraints that you may be facing.
Here at FastPath, we value our customers. Unlike those companies that seek to take advantage of distressed home sellers, we seek to help all our customers out of difficult situation. This, we do, by giving our home sellers the highest possible offer we can. We may not be able to offer you retail value for your house, but we can promise that we will ensure you get a fair all cash offer when you sell your home to us. So contact us today by calling (612) 351-2384, or by filling out the short form down below.
Selling a distressed property in Minneapolis on your own may sound appealing because you’re in charge. You won’t have to worry about real estate agent or auctioneer fees, which can negatively impact your bottom line on the sale. If you’re knowledgeable about marketing and all of the legalities involved, which might require you to invest a great deal of time to learn, you can save money by handling everything yourself.
However, if you are inexperienced in marketing and in the legal details, selling on your own often leads home owners to failure. Not only do home seller not realize the highest profit on their property through these errors, but they could also end up in a legal nightmare with no way out.
Avoiding the headaches of showing your property is one of the favorable aspects of auctions. Additionally, these properties close within 30 to 40 days and sell as-is, so you won’t need to continue to pour time and money into repairs and upkeep for your distressed property in Minneapolis.
While there are advantages to using a professional auctioneer, keep in mind the usual fee for their service is rather high. They typically charge 10 percent of the final purchase price. Should the bidder be responsible for the auctioneer’s fee, lower bids overall are incentivized. Otherwise, you’ll be responsible for their fee, and for absorbing additional costs.
Due to the nature of auctions, the outcome isn’t guaranteed. You may be up against the issue of low attendance. There is also the innate competition when a high volume of properties is up for auction at the same time, leading to lower bids.
No matter which you choose, make educated decisions by taking the time to understand all of your options. Would you like to learn more about how we can help you sell a distressed property in Minneapolis? Just call FastPath Home Buyers today at (612) 351-2384 or send us a message any time!