We specialize in buying houses in Orlando, Florida. According to a report from October 2018, there were over 550,000 properties across the United States in some stage of foreclosure. Although this represents the lowest foreclosure rate in a decade, it still means that many homeowners are struggling to keep up with their payments and are at risk of losing their homes.
In Florida, approximately 2.5% of these properties in foreclosure are located, which means almost 14,000 homes are in danger of being repossessed. However, if you’re one of the homeowners facing this situation, don’t despair. You still have options, such as working with a company that offers cash for houses. We are local Orlando, FL home buyers and we offer cash for houses in Orlando, FL.
That’s right – you can sell your house for cash to avoid the more disastrous effects of foreclosure. But what are these companies, and do they really pay cash for homes? In this post, we’ll cover everything you need to know, so keep reading!
The Lowdown on Cash For Houses:
Have you come across those “We buy houses for cash” advertisements while travelling on Florida streets and highways? Most of these ads are placed by professional real estate investors who buy properties, renovate them, and put them back on the market for a profit. These buyers aim to make a profit, which is why they can afford to pay cash for homes “as-is” without you having to carry out expensive repairs or pay for costly home staging services. Additionally, you can sell your old house quickly without any renovation work. You may be wondering, “Will they still purchase my house even if it is dilapidated?” The answer is yes. Reliable cash house buyers are likely to make you an offer regardless of the condition of your home.
Short-Selling Your Home to Avoid Foreclosure:
Professional real estate investors offer an effective solution to avoid foreclosure through a short-sale process. They will negotiate with your mortgage lender to accept a price that is lower than your outstanding mortgage balance.
If the lender agrees, they will “forgive” your remaining balance, and you can avoid foreclosure. Foreclosure can have a severe impact on your credit score, affecting your eligibility for future loans. It could remain on your credit report for up to seven years, making it highly unlikely for you to qualify for another mortgage. Even personal loan borrowers can face rejection due to a poor credit score. By selling your home to professional real estate investors, you can keep foreclosure off your credit report, which is one of the best ways to avoid its long-term consequences.
Sell to a House Buying Company Now:
If you are facing foreclosure, you may want to consider working with a real estate investor. This can help you sell your house quickly and pay off your mortgage. Cash for houses businesses can buy your damaged home without requiring repairs, allowing you to get rid of it as soon as possible.
If you are ready to sell your home for cash, you need to be careful when choosing a cash buyer. Here are some tips to ensure that you are selling to a legitimate cash home buyer.
Sell My House in Orlando FL
If you are looking to sell your house in Florida quickly, then 123SoldCash.com can help you. We are local homebuyers based in Orlando FL, and we assist local homeowners in selling their homes quickly and without any hassle. If your house in Orlando FL meets our criteria, we can offer you a fair cash price and complete the sale quickly.
If you have any queries or need more information, please call us at (786) 904-1444 or fill out the online form, and we will get back to you.