A recent analysis of government data indicates Americans owe more than $195 billion in collective medical debt. This figure includes Americans with insurance, who have to pay high deductibles or expenses incurred by out-of-network providers. Unfortunately, medical bills often leave Americans with financial hardships, making it challenging to cover their day-to-day living expenses. Fortunately, there are various ways to sell your home to pay medical bills. These include selling your home for sale by owner, using a real estate agent, or receiving cash home offers in Alabama. Let’s look at each of these methods and identify the pros and cons of each:

Sell Your Home For Sale By Owner (FSBO)

Putting your home on the market for sale by owner (FSBO) is a good approach if you’re not in a hurry. Without the help of a realtor, you must fend for yourself. This means hosting open houses, negotiating with potential buyers, and pricing your houses using local comps. You can still list your home on the MLS if you go the for-sale-by-owner route. Various companies charge a flat-rate fee to list your home on the MLS. You should also remember that you may need to pay the buyer’s agent’s listing fees, typically around 3%.

Use a Real Estate Agent

Using a cash buyer, such as RHED Key, is a proven way to get cash fast for your home and avoid the everyday expenses of selling real estate. Using a real estate agent is another option if you want to sell your house in Huntsville, AL. However, selling with a realtor is the most expensive way to sell your house in Alabama. Realtors generally charge around 6% in commission costs, and you’ll also need to pay closing costs. There’s also no guarantee that you will sell your house quickly. This could be problematic if you’re facing bankruptcy for not paying medical bills.

Sell Your Home to a Cash Buyer

Working with a cash buyer is undoubtedly the best way to sell your home in Alabama. We Buy houses in Huntsville, AL, and we will give you a competitive offer for your home within 24 hours. You don’t have to spend money on repairs, and there are no hidden costs. All the information you provide is 100% confidential, and here at RHED Key, we treat all buyers with understanding and respect. Our team has made dozens of cash offers for properties around Alabama – could our next offer be for your house?

Get a Cash Offer from RHED Key Properties

If you’re ready to take care of your medical bills in Hoover, getting a cash offer from RHED Key Properties is your solution. When you get a competitive cash offer, you can use the newfound funds to relocate to a more affordable living situation. Once you can pay less in rent or on your mortgage, you can use the excess funds to pay medical bills. We buy houses in Huntsville, AL, and we’re ready to give you a cash offer for your home today. Please reach out to us for a cash offer to help you pay your medical bills.