FIRST THE BAD NEWS…
America is in one of the worst housing crisis in history. According to Zillow, 70% percent of all homes in the United States have lost value in the past 12 months. And according to a recent report by Reuters, “The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent…” In the same report, experts are predicting houses to decline another 15% through 2011! Some markets in the US have seen prices drop 67% from their peak!
The news gets worse. According to Realty-Trac, through 2009 there were more than a million bank-owned properties on the market. That means nearly one-third of all the homes for sale in the US are bank-owned foreclosures.
In 2009, 45% of all the homes that sold were distressed homes, i.e. homes that were either facing foreclosure or already foreclosed on. And all this in spite of federal programs recently put in place to combat the unrelenting pace of foreclosures. Experts are stating that the most likely scenario is that we will be working through this inventory of distressed property well into 2013. The worst of the foreclosure crisis is still ahead of us.
A recent study indicated that the recent mortgage meltdown and liquidity crisis have eliminated more than 200 multi-billion dollar lenders, and more than 3,000 available mortgage loan products. Current lending guidelines now disqualify more than 75% of the buyers in the marketplace who were qualified for a mortgage just 12 short months ago. In fact, for every 1 qualified buyer out there looking for a home, there are 9 sellers! Never has it been that high before.
Now more than ever, Americans are seeking alternatives to conventional bank financing to obtain their dream of home ownership.
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“At first I was skeptical of how to go about selling my house in a non-traditional manner. I had always thought that you really only sold a house by listing it with a Realtor. But this can be an expensive and time consuming way to get your sold. In talking to neighbors who had their houses for sale in the traditional way, we had as more interested buyers in one week than they had in three months. While other houses had been sitting on the market for 6+ months, we found a buyer in 2 weeks. This is definitely the way to go.” – Jeff & Tina Smith, O’Fallon MO
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THE GOOD NEWS…
What would you think if we could:
- Help move your property in a short period of time without a real estate commission.
- Put good people in the home who will take care of it, as if it were their own.
- Stop your financial hemorrhage (in the case of vacant property with mortgage payments).
- Eliminate almost all of your management “headaches.”
- Sell the property for a decent price in the near future.
We can save you money, help you sell your house faster!
Virtually every seller we talk to would prefer to sell their home than rent it. We understand! The reality of today’s market is that a quick sale may not be possible. Still, you have options beyond just renting your home to someone who isn’t committed to owning a home.
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“Thanks for all your hard work of the past few years. You are an asset to all my investors who you help and touch. Your true willingness to help those who need it sets you apart from other services. I look forward to our continued relationship moving forward. Thanks again.” – Jason P.
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Our buyers aren’t just looking for somewhere to move – they are looking to turn their lives around and they are serious about home ownership. If they aren’t serious, they aren’t a candidate for our program.
Click here to see all the BENEFITS of selling your house with us …
