Should I Consider Buying a Short Sale House?

A short sale house is a house facing foreclosure for which the lending bank has agreed to accept less than is owed on the current mortgage from an interested buyer. If you’re thinking of making an offer on a house in short sale status, don’t be fooled by the term “short sale.” While an interested buyer may think that the home sale will take place within a short timeframe because both the owner and lender want to sell the home before it enters foreclosure, the term “short sale” actually refers to the sale price, which will be short of the amount of money owed on the current loan. Buying short sale houses can actually take longer than a traditional house sale, and the process can often be more stressful for both the buyer and seller.

The biggest advantage of buying short sale houses is that you will probably be paying less than market value for the home. The bank has already agreed to accept less than the seller owes on the home in order to avoid the hassles and costs of a foreclosure.

Buying short sale houses can be a good investment. A buyer with the means to purchase a short sale may be able to resell the house on the traditional real estate market for a profit, often in a relatively short time after making minimal to no improvements to the property.

Buying short sale houses often comes with more cons than pros. Although the current owners may still be occupying the house, foreclosure is imminent. Even if the house is sold on short sale they will receive no money from the sale, since the bank will be taking a loss. Because the owners are not motivated by making a profit on the sale, they often stop taking care of the house and the house is not prepared for sale the way one on the traditional market would be.

The major disadvantage to buying short sale houses is that the bank essentially controls the transaction and will be calling all the shots. As a buyer, you will have little leverage and will likely be unable to negotiate much with either the bank or the owners on the price or other terms of the sale. The home will be sold “as is” and you may be faced with cleaning up the property before moving in, including removing anything and everything left behind by people who just lost their home.

Is Buying a Short Sale House Right for You?

Short sale houses can, however, provide a golden opportunity to the right buyer under the right circumstances. Will your next home be a short sale house?

If you have a short sale house you need to sell contact Hampden Homebuyers. We buy many short sale homes and can help you sell yours. Call us at 413-248-SELL or 413-241-6859

What Do I Do with This Inherited House?

An inherited house, whether it is in Springfield, Chicopee, Longmeadow or Western MA, is an investment that provides an exciting opportunity to make or save money. People who have inherited a house usually have three options: live in it, rent it, or sell it. Since the first two options often aren’t realistic for most people, an inherited house is most often sold by its new owner.

Moving into Your Inherited House

If you’ve inherited a house in the town or city where you already reside and you don’t already own the home you currently live in, chances are you will choose to occupy the inherited house. However, sometimes inherited houses are not in tip top shape and necessitate a remodel.

In these cases, if you don’t have the money to renovate the inherited home and the house you currently live in is in better shape than the inherited house, you may choose to sell the inherited house as is, make some money off the sale, and continue to rent. You may even be able to use the money you make off the sale of your inherited house to make a down payment on a different house you wish to purchase.

If you live outside the area in which your inherited house is located, you will need to decide to either rent out or sell the house if you’re not willing to relocate in order to occupy the inherited house yourself. If the inherited house is in good condition, it may be a good investment to keep as a rental.

Out of area homeowners may be faced with extra challenges as a landlord, especially if the house is older and will needs a lot of maintenance and repairs. You will most likely need to hire a property management company to oversee the rental and deal with any maintenance, repairs, and tenant-related issues.

Selling Your Inherited House

If you are unable to occupy your inherited house yourself and don’t want to deal with the hassles of renting a home or paying someone else to oversee the property, selling the house is an excellent option. The majority of inherited houses are sold and never occupied by the people who inherited them.

However, if the inherited house is not in sellable condition and you are not able or willing to prepare the house to be placed on the real estate market, an excellent option is to sell the inherited house to a company that buys houses. A house buying company like Hampden Homebuyers can pay you cash for your inherited house immediately before preparing the house for a resale themselves.

Now that you understand your options, will you live in, rent out, or sell your inherited house?

We Buy Houses CASH, as is, in the greater Springfield area

If you own a house in the greater Springfield area and are looking to sell as is, quickly, you need to give us a call. We buy all types of houses and can close with CASH. We specialize in buying houses that need work. We can give you an as-is sale, you will pay no fees or commissions, and you will have peace of mind knowing your house is sold.

Please call Hampden Homebuyers at 413-248-SELL. Or visit our website and fill out the "Sell Your House Fast" form located here: http://www.hampdenhomebuyers.com/ . We look forward to working with you.

P.S. Call 413-248-SELL to get your house sold FAST. We pay Cash, we can buy your house as is and we can close within a week, or on your timeline.

We buy houses in Springfield, Chicopee, Longmeadow, East Longmeadow, West Springfield, Wilbraham, Ludlow, Agawam, Southwick, South Hadley, Holyoke, Westfield and many other Western MA towns. Sell a house fast with Hampden Homebuyers.

We Buy Houses In Springfield

"Sell Your House For Cash, Regardless Of Condition"

We buy houses, ugly or not. Did you know that you can sell your house and have it off your mind within one week? Did you arrive here because you were thinking, "I need to sell my house fast?"

We are a cash Springfield home buyer. We pay cash for houses in any condition, any price range and any area of Springfield, Chicopee, Agawam, Holyoke, East Longmeadow, South Hadley, Ludlow, West Springfield and surrounding areas.

You can forget about spending lots of money and time on cleaning and repairing your house so that you can put it on the market. We will buy the house and then do the repairs and cleaning ourselves. You can sell it exactly 'As-Is'.

Real estate agents want to list your house and hope that it sells within a matter of months and that a qualified buyer is going to come along. They can also cost you thousands of dollars in commissions. We will handle all of the paperwork, buy your house and not charge you any commissions. We buy houses in Springfield and close on your schedule.

What are the benefits to you?

• You will NOT have to pay any commissions or fees
• You will NOT be required to make ANY repairs
• You won’t have to waste your valuable time trying to market and show your home to strangers, that may or may not even qualify for a bank loan. We Buy Houses CASH!
• You will NOT have to keep paying on a property that you no longer want or need
• You don’t have to wait weeks to close, we are able to close quickly and hassle-free.
• You are not responsible for handling any paperwork relating to the transaction. The closing attorney will do all of the work for you!

Fill out the form HERE to get started. There is absolutely no obligation.

Sell Your House Fast

Don't worry about having the house sit on the market for months on end, having to show it dozens of times to complete strangers that may or may not be able to qualify for a bank loan. We are able to pay cash for your house, without bank appraisals and drawn out approval processes. You can expect to close within a week if necessary.

You want to sell your house and we buy houses. Fill out the form to the left and we will contact you about buying your house. There is absolutely no obligation. Sell your Springfield house fast.

Stop Foreclosure

In most cases we can help you to stop foreclosure, help you keep your credit intact and allow you to walk away with money in your pocket. If you are facing foreclosure, it may not be possible to sell your house the conventional way due to time constraints. You probably do not want to deal with the uncertainty of whether a buyer will be able to qualify for the loan and get it closed in time.

We have the ability to pay cash and close quickly so that you can avoid foreclosure. We buy houses cash so that you can be sure that the closing will not be held up because of lengthy loan approvals. Fill out the form HERE and we will contact you about buying your house. There is absolutely no obligation.

Fill out the form to get started. There is absolutely no obligation. We buy houses cash so that you can sell your house in the easiest, fastest and most hassle-free way possible.