You wake up to the sound of water dripping from your ceiling. The bucket you placed in the middle of the floor before you went to bed last night is now overflowing thanks to the all night rainstorm and now water is running all over your bedroom floor.
And your slippers are soaked.
Just another day in paradise, right? No, not by a long shot.
Your house has become a major financial burden on you and you're just flat out sick of it bleeding your paycheck every month.
"If it isn't one thing it's another with this place" you say to yourself as you shuffle out of bed and tip-toe into the dry hallway into your kitchen.
You gaze out the kitchen window waiting for your coffee to heat up and it's another gray, gloomy, wet, cloudy day in Michigan wintertime.
"I need a change" you tell yourself. "I want to get out of dodge and go someplace warm and sunny. But I have this ugly house with all these problems that need fixing and I'm stuck here I'm afraid."
But are you really? What are your options when you own a property that has what seems like a million things wrong with it and you just don't have the funds to keep dumping into it, or you're just at that point where you say "enough is enough!"
A water damaged property is the least of your problems right now but you already know that. Here's what Wikipedia.org says about water damage to your house just so you know what the facts are.
"How do I sell my house fast to a cash buyer so I can get a fresh start out in New Mexico where it's warm and the sun shines 300 days a year?" is your thoughts as you sip that cup of java while listening to the water dripping from the ceiling into your soaked carpet in the living room. "This really sucks" you tell yourself, "I deserve better than this."
As the owner of a problem property that is constantly in need of costly repairs you're probably at your wits end. And understandably so.
Here's the options you're looking at if you're at that point where 'enough is enough':
(2.) You can list your house with a real estate agent and pay them a 6% commission out of the final selling price. And they'll want try to lock you into as long of a sales contract as possible, 6+ months or even longer. If they can't sell it within
90 days then you have the wrong agent.
(3) Another option you have is you can sell your property as-is via auction. You'll still have to spend a bunch of money marketing your distressed house if you decide to do it yourself to drum up a bidding frenzy.
(4). Your last option is to sell your house fast to someone like us, a cash buyer. There are some advantages and disadvantages going this route as well depending on your circumstances.