Is a quick sale the same thing as a short sale?

I saw a home listing with the words “quick sale” so I wasn’t sure if it’s an actual term that has the same meaning as a short sale. 

No. the listing is just implying that the price is low so the house will sell quickly. It is an inducement to attract a buyer. It may be a short sale, but it may also be just another house for sale. A short sale is the sale of a home for less than the loan owed on it. If the mortgage company agreed to the short sale, the seller would not be liable for the repayment of the mortgage after the house is sold. The mortgage company would receive all the proceeds and would consider the amount received as satisfying the full obligation.

What happens if you sell your house below payoff?

I am just wondering how the rest of the ends get tied up if I have to sell my house for less then I owe? I have to sell my house because renting it out would cost a lot in property management and higher insurance rate due to a pool. So if I sell the house below what I owe between two mortgages how does that work?

You can pay off a house with less money than you actually owe. It’s known as a ’short sale’ and you can negotiate one with your bank or mortgage company. They would rather take a short sale than let you go into foreclosure, because foreclosures have the potential to be disastrously expensive for a bank. Ask your bank what steps you need to take in order to work this one out, and make it obvious that you are doing the best you can to be honest with them about your situation.

Quick Sale of a home?

What is a quick claim and if i do it does the new owner take all of my fincial resposibilties such as my second mortgage?

This is a Quit claim deed. The deed transfers ownership of the property, it does not transfer the debts you are responsible for to the new owner.

Can Anyone tell me how to sell a house quickly without spending a ton of cash?

I’m planing to sell my house. What do I do to speed up this process without a lot of cash?

You need to market it on the internet. Go to http://www.Postlets.com and do an e-flyer. Then post it on the following web sites:

1. http://www.Zillow.com

2. http://www.BackPage.com

3. http://advertising.superpages.com

4. http://expo.live.com

5. http://www.craigslist.com

6. http://www.kijiji.com

7. http://www.classifiedads.com/real_estate

8. http://www.google.com/local/add

9. http://listings.local.yahoo.com/csubmit/

10. http://www.yellowpages.com

11. http://www.Zadzoo.com.

What things must you do to sell your house quickly ?

Be sure it is clean. Do not show it messy. When I was looking for my house, you wouldn’t believe the messy, disgusting places I went in. It just creeps you out and you want to leave. New paint will help too. Keep the outside looking good, mow the lawn, trim the shrubs, plant some flowers, etc. The kitchen and bathroom are what most people will want to be in good shape. Again, clean the stove and oven and any other appliances. Be sure there’s no leaks in the bathroom and the toilet works well.

What is the best method to sell a house quick?

I would like out of my home as fast as possible due to constant struggles with the man I am living with at the residence.

The fastest way to sell a house would be at 50% of value. Also you need to find out if you live in a community property state and/or a common law state. Because if you do, most likely he owns half that house even if his name isn’t on it.

How can you sell your house quickly?

We had a contract the day we listed our house but have been waiting 3 months now for it to go through. We really want to move, but keep getting asked for extentions.

Stop allowing extensions! Get serious! Now, to attract new buyers: 1. Make sure there is no exterior clutter–no shaggy landscaping, no cars or appliances in the front yard, no dog doo in the yard. 2. In season, plant some colorful annuals to brighten things up, but keep the lawn and garden simple. 3. Fresh coat of paint on the front door. 4. Cut your personal possessions by 50%. Put the rest in storage, or just get rid of it. It will make your home look neater and more spacious. 5. Make the small repairs that could make your home look worn. Touch up paint, repair scuffs in woodwork and cabinets. 6. Make sure, if you have any daring decor, to tone it down. Your buyers need to be able to imagine their stuff in your home.

What is the best way to sell my house quickly?

The red letters are coming in more often, I think we are going to have to rent but would like to move fast! Any tips for a quick turnaround would be great!

There are a number of agencies out there who will buy your house off you for slightly below the market value but will get the money in your bank within a week. Not an option for everyone but worth looking into.

How can I quickly sell my house that I owe more than its worth?

I owe $240,000 total but house around me are selling for $180,00 - darn bubble! Can I go through one of those cash for home co.? What happens if I sell for less? What happens to the balance of the loan. I need out of this one quickly. I just got married and cannot afford this house and another in NY.

Hate to tell you this, but you aren’t going to be able to purchase the second house. Those cash for home companies give you about 50-60% of the current value. So, they might give you $100,000 for a house that you owe $240,000 for. Since the bank would have to release the lien to allow the sale, this won’t happen. As a matter of fact this is where your trouble lies. You owe $240,000 and in order to sell, you have to satisfy the mortgage. If you have cash, you can pony up the difference and still sell the house (looks like you’d need around $70,000 to do this). If you don’t have the cash to do that, you have to convince the lender to take a loss. You can’t sell the the house for less without bank permission to do so. The only way the lender will consider taking a loss is if they are looking at a larger loss by not doing something. A short sale is a loss for the lender. They are only going to do that if they think they aren’t going to get anything otherwise. If you are late on your loan (which will damage your chances of getting a new loan), then you might be able to convince them that this is their best option, but they’ll want proof you can’t pay (bank statements, income tax records, etc.). Your best long term solution would be to rent the house out and wait for the real estate market to come back and sell at a later date. Your other options will trash your credit and not let you be a homeowner for several years.

Any good ideas on staging a house to sell quickly?

We are having our first open house on Sunday and need some really good ideas that will sell our house fast. Weve already drop it 20,000 - any ideas appreciated.

Clear out any “clutter”. You want it to look almost like a hotel suite would. People coming in, need to be able to easily visualize their own “stuff” in there, and that’s hard with a lot of someone else’s “stuff”obstructing the view. Very few, if any personal pictures. No knick knacks. Take all pictures and magnets off your fridge. You want to arrange the furniture to make the rooms look as spacious as possible. There are a couple of shows on TV that talk about the kinds of things to do. One is called “Design to Sell” and the other is called “Sell This House.” They’re pretty good to watch. Sometimes they go a little overboard–tearing down walls and stuff–but they’re good to get ideas from. Here’s the web address to the show “Sell This House”. http://www.aetv.com/sell_this_house/index.jsp