The Benefit of Selling Your Home vs. Foreclosure

Selling Home Vs Foreclosure

 

Foreclosed HomeGiven the economic climate of the last several years, foreclosures have become more and more common. While everyone knows that foreclosure means losing your home, many people do not realize the drastic effect it can have on other parts of your life. Foreclosure does not simply erase the debt that you owe on your house; it can also affect people mentally, causing strain in people’s marriages and family life. Foreclosure also has a dramatic impact on the person’s credit, which can make life very hard for years to come. There are ways to avoid foreclosure such as selling your house but this is typically not an option for those going through foreclosure due to the costs of fixing up the house and listing it for sale. That, however, does not have to be the case:

Reduce Personal Stress

Angry Couple

Money issues are the leading cause of divorce in the United States; foreclosure is one of the biggest financial impacts a person or family can experience in their lives. By selling your home for cash and avoiding the foreclosure process, you can avoid the hardships and stress that come along with foreclosure. It will also put cash in your pocket immediately that can be used for other bills and, in turn, reduce stress in your family life and marriage. Selling your home cannot only reduce the mental strain of foreclosure but can also reduce stress in other areas of your life as well.

Save Your Credit

The effects of foreclosure don’t end when the home is no longer in your control. Foreclosure can haunt you for years to come by affecting your credit. This will make it harder to obtain financing in the future, whether it’s for a car or a new home when you get back on your feet. Selling your home, thereby avoiding foreclosure and protecting your credit can avoid this. Having good credit that doesn’t show a foreclosure on your history will go a long way in helping you rebuild your life.

Reduce Time and Preparation

Open House

Selling your home in the traditional manner takes a lot of time, preparation, and patience. When dealing with foreclosure, you may not have a lot of these to spare. You can fix up your home, list it with a real estate agent, do open houses, and wait for months or even years to sell your home. If you’re in the process of foreclosure, you may not have this luxury and need to sell your home fast. We will buy your home in any condition for any reason and give you a fair price, saving you the time, patience, and preparation normally associated with selling a home.

Call Us Now to Get Cash For Your Home

At I Buy Utah Homes, we will make you a cash offer on your house today. Whether it’s to avoid foreclosure or an unwanted inheritance, or a job change that requires a quick relocation, we will pay you cash for your home regardless of the reason. Give us a call today at 866-984-6638 for more information or to get a quote on your home.

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