Unexpected expenses can do much more than putting a dent in your wallet; they can cause you to default on your loans, leaving you without a car or a home. Defaulting on a loan can take ding your credit score, lowering it by up to 100 points in some cases. While many homeowners have emergency funds to pay for unexpected expenses, they may not want to deplete their entire fund. Fortunately, homeowners can take advantage of their home equity and sell their property to get the cash for these costs. However, there are a few options to sell your home when dealing with unexpected expenses; some choices are better than others. Let’s explore how you can sell your home and get cash in hand:
Sell Your Home with a Realtor
Many homeowners enlist the help of realtors when they sell their homes. Most realtors know the market well and can help you list your home at a reasonable price. They also host open houses, assist with negotiations, and stage the home. Unfortunately, most realtors charge a 6% commission, which is a rather significant amount for those selling their homes to pay for unexpected expenses. In addition, working with a realtor doesn’t guarantee that you will sell your home quickly. It can sometimes take several months before you receive an offer you want to entertain.
Sell Your House For Sale By Owner
Selling your house for sale by the owner (FSBO) is an alternative to using a realtor. One benefit of selling your home for sale by the owner is that you can save money. It only costs a couple of hundred dollars to list your home on the MLS, and you don’t need a real estate agent to assist you. When you sell your house for sale by the owner, you can also save money on realtor commissions. Instead of paying the full 6% commission that realtors charge, you only have to pay a 3% commission to the buyer’s agent.
Get an Offer from a Cash Buyer
Selling your home to a cash buyer like RHED Key is the best way to sell your home when dealing with unexpected expenses in Alabama. You don’t have to pay any fees when you sell your home to a cash buyer. You also don’t have to host open houses, negotiate with prospective buyers, or repair your home. RHED Key properties are the number one source for cash home offers in Alabama. Please reach out to us today if you’re ready to get a quick cash offer for your home.
Sell Your Home to RHED Key Properties Today
You’ve come to the right place if you need cash to pay for unexpected expenses. We buy homes in any condition, including inherited property and houses with liens. There are zero fees to sell your home, and you don’t have to pay a realtor commission! If you’re ready to sell your home in Alabama and avoid foreclosure, please get in touch with us today to get an offer within 24 hours. We have made dozens of cash offers and are ready to buy your home next.
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