Everyone has heard the news on the current deteriorating state of the economy, the severe credit crisis and the declining housing market. Fox, CNN, MSNBC, other news outlets and even the President remind us of our pain daily. The peoples fears and perception have not become reality. Home foreclosures are at an all time high even in my neighborhood in Buford Georgia with many more foreclosures likely to come. The unemployment rate in Georgia is growing daily and is the highest it has been in many years. Housing resale values are at all time lows with no end in sight. Even the banks are going bankrupt as are many Americans who no longer qualify for credit.

Because of the recent credit crisis, many people don’t qualify for a new loan to buy a house right now, despite the incredibly low housing prices. Many home sellers can’t sell their unwanted houses because they owe more than their house is worth because of the falling house prices. Many sellers can’t even rent their houses our for enough to cover their mortgage payments, taxes and insurance resulting in severe negative cash flow that bleeds then dry month after month. To make matters worse, many tenants end up trashing the house when they move out making it even more difficult and expensive to sell. If they list their house with a real estate agent, their house will likely sit on the market for a long, long time waiting to sell since the buyers seem to have magically disappeared. Even if the house does finally sell one day at a greatly reduced price to get it sold, the owner has to pay a 6% real estate commission plus the majority of the closing costs. This often results in the seller writing a big, fat check at the closing table to finally get their house sold.

So what are my options to sell my Buford Georgia house fast in this depressed economy and housing market when many folks can’t get a loan? By trial and error, I discovered the following 3 alternatives to try to sell my Buford home quickly…

I tried to sell my house in Buford “For Sale by Owner” aka “FSBO”.

At first, selling my house by myself sounded easy enough, but it soon became my worst nightmare. At first I didn’t know how to attract buyers that might be interested in purchasing a home in Buford Georgia. The for sale by owner sign in the yard wasn’t working. I ended up spending a fortune placing classifieds in the local paper which resulted in few potential buyers. Those that did respond wanted to see my house at all different hours of the day or night. I was afraid to say no in fear of losing a potential buyer. I would have to keep my house clean and all picked up, only to have them not show up to see my house. Other times I had some pretty scary people show up with their 5 kids in tow, trampling through my home. I never did find my ideal buyer. Even if I did, I had no idea how to get them qualified, how to handle all the purchase and sale paperwork or how to get the house closed. I said “There has to be a better way to sell my home!” and I was determined to find it.

I listed my house for sale with a local Buford real estate agent.

When I listed my house with a local Buford Georgia real estate agent, I thought they were all the same and they would be able to sell my house quickly. I called an agent from a local, seemingly reputable, real estate agency and made an appointment to have an agent come out and see me. The agent sounded like she really knew what she was talking about and got me really excited about the prospect of selling my home quickly. She said she would list my house in the MLS, on dozens of real estate sites throughout Georgia, advertise my house in the local paper and other print publications, do multiple open houses, put out signs, balloons, flyers in an information box and went on and on about how she could sell my home and still get top dollar. How could I refuse? I didn’t. I listed my house and waited, and waited and waited. The agent put the house in the MLS, put a sign in the yard along with a dozen flyers in the information box and disappeared never to be seen again. She not only refused to return my calls, but did no perceivable advertising, no open houses, no showings, no more flyers, no more nothing! Six months later I still had no buyers and apparently no agent. I ended up hiring 2 more agents with the same dismal results. Meanwhile my house in Buford Georgia had not only decreased in value because it would not sell for the list price, which had been reduced repeatedly, but also because of all the other listed houses and foreclosures on the market in my area of Buford. At this point, I was all out of ideas and praying for solution. About that time, someone at my church told me about WeBuyHouses.net.

I contacted a local, professional home buyer from Buford Georgia.

My friend from church told me that she had similar problems selling her Buford house, but that she had contacted a local professional home buyer who bought her house in under a week! What? Is this possible? Could I sell my Buford Georgia house in 7 days or less too? She said their are professional home buyers out there, also known as “real estate investors”, who buy and sell real estate for investment purposes. You’ve probably seen their “We Buy Houses” advertisements around town but never gave them much thought. These are people who buy houses professionally and are always actively looking for more houses to buy. She gave me their phone number and web address (Toll free number: 888-765-3461, website: www.WeBuyHouses.net) and I contacted them ASAP. A local Buford home buyer from the called me and said that if my house qualified and if I was flexible on price or terms, that they may be able to buy my house in the next 7 days or less. They said depending on my situation that they may be able to pay all cash, pay some cash now and some cash later or take over your mortgage payments giving me immediate debt relief. At this point I was definitely flexible and had nothing to lose by scheduling an appointment for them to come see my home and possibly enable me to sell my Buford Georgia house fast!

So I scheduled the appointment with the Buford home buyer and he came out and inspected my home. He said it was just what they were looking for and that he had several buyers looking for a similar home. I was ecstatic! He made me several offers to buy my house as promised. I chose the offer that best suited my needs and we scheduled a closing the following week with a local real estate closing attorney. It was that fast and that simple to finally sell my house in Buford! I still can’t get over it. After waiting two years trying to sell my house on my own and through a licensed agent, I was able to sell my house in less than 7 days to a local professional home buying company!

There are a multitude of reasons a Hattiesburg homeowner needs to sell their home fast. Behind on payments, a looming foreclosure, divorce, down sizing, a recent death, two mortgage payments, house needs repairs, house is listed with a realtor and won’t sell – these are all problems homeowners are facing in today’s competitive selling market.  And with the current state of the economy it’s even more difficult to sell your house here in Hattiesburg Mississippi. Many home sellers are asking themselves, “How can I sell my home in Hattiesburg, MS”. No matter the situation, if you want to sell your house in Hattiesburg fast, keep reading.

While Mississippi is more insulated from the current recession than the rest of the country, the Hattiesburg housing market, like most in the country, has slowed considerably and economic data show it is probably going to get worse before it gets better.  Mississippi foreclosures are at an all time high.  It’s becoming more and more of a challenge to get rid of burdensome homes.  And if you can find a buyer, it’s more difficult for them to find financing because of the credit and mortgage disaster.  Where houses were selling in days or weeks, they are now sitting on the market for months and months and months.  Many are not  receiving any offers at all.

So what do you do?  You’re still wondering “How do I sell my house fast?”

You get creative!  If you do the same thing everyone else is doing, then you’ll probably get the same results — NOTHING.

Here are three creative solutions that can help you sell your home fast in the Hattiesburg Mississippi area.

Sell with seller financing

Essentially you become the bank and take payments for your equity over time. Instead of the buyer getting a loan, which has become nearly impossible these days because of tightening lending standards, you’re the lender. The buyer makes payments to you, with interest. This is often hard for sellers to wrap their minds around, but in today’s market, you MUST think outside the box in order to sell your house. Think about those who may have money, but a traditional lender wont approve them. You’re their savior and they’re yours. So what’s the catch? Well if the buyer stops making the payments you could get the house back. But what options do you have at this point? Simply screen correctly and you’ll be fine. You’ll be fully protected by a hard asset (a house), not just a non-performing piece of paper. The lenders who went under can tell you all about non-performing loans that didn’t have b security. In case you’ve been under a rock, they’re no longer around.

Lease the house

A second solution is to lease instead of selling your home, and wait for the market to turn, or offer it to your prospective tenants as a lease with an option to buy sometime in the future when they are able.  Because of the tough housing market right now, the pool of quality renters is expanding because of the tightened lending standards.  Those  who were once homeowners now have to rent, which could be an opportunity for you.  And if the rent doesn’t cover the mortgage payments?  You’ll have to weigh the loss against sitting on the house for a long period of time.  Leasing or leasing with an option to purchase can be a difficult decision.

Seek out a professional investor

A third option is to locate a professional investor who specializes in solving creative real estate problems.  These are usually honest real estate investors who have been buying houses for a number of years and are able to navigate their way this turbulent and chaotic market because of their skill and experience incoming up with out-of-the-box solutions for buying houses in difficult situations.  Often these are the We Buy Houses, I Buy Houses, We Buy Ugly Houses folks.  They can pay all cash, pay some cash with terms, take over payments, lease-purchase your home, or come up with a custom solution that fits your unique selling situation.  They usually buy the house as-is with no contingencies or repairs and they even handle all the paperwork.  And they don’t charge any fees or commissions.

Of all these solutions, if you don’t want to deal with all the hassles, the investor will.  Investors are professionals and usually have a financial interest to make sure everything is handled, otherwise they won’t make any money – now or in the future.

Whether you decide to try to give it a go on your own or seek the help of a professional investor, DO SOMETHING!  Your piece of mind is at stake.  If you’re sick and tired of waiting for your house to sell in the Hattiesburg area, maybe examining some other options is a good idea.

If working with a professional ‘We Buy Houses’ investor makes sense to you, visit www.MSHomeSolutions.com and fill out our confidential questionnaire and tell us about your home and situation and one of our Hattiesburg investors will contact you about buying your house.  There’s no obligation and if we can find a solution that works for you, then you’ll have a smooth transaction, a fast close, and relief from your current stress. We work in Hattiesburg, Oak Grove, Purvis, Petal, Sumrall and throughout Mississippi and the Pinebelt.

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My friends are trying to sell their house but I believe they are asking to much. Yes the house is pretty and huge but I don’t think it will sell. They are trying to move and buy another house but need to sell this one first. Any Ideas besides just letting the real state lady do her thing. They really want to sell ASAP.

• ISBN13: 9780470418611
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

Product Description
Due to the wave of refinancing in recent years, and the fall in home values, in 2009 about 12 million homeowners and investors will be “underwater”–owing more than their property is worth. This book explains all the options for these homeowners who are trapped with houses they want to get free from, people whose property value has dropped so low that they can’t sell the property, people whose mortgage payment has adjusted and now they can’t afford the property. In … More >>

How to Sell a House When It’s Worth Less Than the Mortgage: Options for “Underwater” Homeowners and Investors

• ISBN13: 9780470418611
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

Product Description
Due to the wave of refinancing in recent years, and the fall in home values, in 2009 about 12 million homeowners and investors will be “underwater”–owing more than their property is worth. This book explains all the options for these homeowners who are trapped with houses they want to get free from, people whose property value has dropped so low that they can’t sell the property, people whose mortgage payment has adjusted and now they can’t afford the property. In … More >>

How to Sell a House When It’s Worth Less Than the Mortgage: Options for “Underwater” Homeowners and Investors