Save Or Sell My Home

The best decisions are based in Reality.  Reality is considering your financial health, your family goals, condition of the property, and marketing options.  Emotion must not be a part of this decision.

Both quick and detailed written plans (we like detailed) can help you see your situation more clearly and decide what option(s) makes the most sense for your specific circumstances.

Understanding your REAL monthly budget is the first step toward making an informed decision.  To use the Save or Sell Calculator click HERE

To create a realistic plan can be painful. You will have to:

1. List your monthly income and monthly / annual (divide by 12 months) expenses
2. Include expenses that only show up once or twice a year
3. Use a written worksheet to uncover hidden costs and recurring obligations
4. If you use our calculator, it is completely anonymous with no records kept anywhere

This realistic spending assessment can help you decide whether saving the home is possible or whether another plan may make more sense.

Step 2: Property Evaluation

This is a realistic assessment of the current condition of the property and what it would take to upgrade the property for its maximun resale value.

This must be done in person to:

1. Evaluate the condition of the property
2. Evaluate current upgrades or deferred maintenance
3. Location and marketability
4. Timing.  How long before a Sheriff’s Sale?
5. Time remaining if in your Michigan Redemption Period

Once you have a clearer view of your finances and your property, you can begin reviewing the options that may be available.

Based on timing and finances you may qualify or choose:

1. Forbearance
2. Loan modification
3. Deed in lieu of foreclosure
4. Cash for keys
5. Wholesale (CASH) sale
6. Traditional retail sale with a Realtor
7. Short sale
8. Riding out the Redemption Period
9. Bankruptcy as a legal option to discuss with an attorney

I Want Cash

Who doesn’t?  Most sellers would prefer a cash buyer if the numbers and terms make sense. Cash buyers often close faster and may be a fit in time-sensitive situations.

Our Buyers

1. For transparency, most of our buyers pay cash
2. All paperwork is handled with proper legal documentation
3. We work only with vetted investors
4. We use reputable title companies
5. In most cases, our buyer is the actual end buyer rather than a wholesaler

Be Warned: Many “we pay cash” buyers are actually trying to tie up your property so they can assign or wholesale the contract to someone else. That can create delays, confusion, and results that do not match the original promises.

1. Our experience negotiating with mortgage lenders
2. Our success with personalized action plans
3. Our focus on your plan to Save or Sell your home
4. Our process is designed to protect the seller (you)
5. Our process is designed to keep the transaction properly documentedlistic
6. If choosing to sell to a CASH Investor, we approach our private investor network first
7. We only use approved legal, state-specific documentation
8. We always close through local title companies
9. Some Seller commission may be avoided when using one of our buyers, depending on the structure
10. We explain what Investors are likely to look for (also see investor page HERE
11. We explain the current market conditions
12. We probide both Investor and Retail pricing strategies and potential offers
13. We review seller responsibilities for both Investor and Retail strategies
14. If part of your plan, we can negotiate with your lender

Example Options

Retail Sale

1. A retail sale is listed through the MLS with a Realtor
2. Generally offers the best chance for a higher selling price
3. Generally has greater exposure through the MLS, IDX feed, our website, and many additional real estate based websites

Wholesale Sale

1. Typically a CASH investor
2. Puts you under contract so you cannot sell to others
3. Shops your home to other Investors
4. Makes their money from the other Investors you do not know
5. Often have contracts to tie up the property indefinetly
6. Often walsk away after the home is sold at auction without releasing contract

Short Sale

1. If a sale price is less than the amount owed the lender must approve
2. A short sale can still be marketed through the MLS
3. Often lenders will insist on retail marketing

Mortgage Assumption

1. To close on the property, the loan must qualify for a retail assumption
2. To close on the property, the lender must approve the assumption
3. Some Investor assumptions are offered with a delayed closing
4. Some seller receive financial benefits from mortgage assumptions
5. We use legal documentation and close through title companies

1. A Comparative Market Analysis can be prepared
2. An in-person evaluation of the property must be made
3. An adjusted CMA is made on the spot
4. An explanation of costs and expectations
5. A CASH offer is made