Private Houses For Sale at Sell Your House - 0 views
started by Geoffrey Simon on 21 Feb 12
started by Geoffrey Simon on 21 Feb 12
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started by Geoffrey Simon on 21 Feb 12
If you really want to sell your house there are not only the traditional real estate agents, there are many websites online with houses for sale where you can sell your house or any other property.
There are a lot people in negative equity and of course, this can be rather a worry, the best advice is, just live in it.
If you think about it, it doesn't really matter if your home is worth 20% less than you owe on it unless you really have to sell because you can't afford the mortgage, just stay there and ride out the storm.
If you can't afford to pay your mortgage , then yes, you do have a bit of a problem, but then the other problem is you're not going to get the full market value of your property.
If you look in your local paper you will find so much property for sale and at such a low cost compared to a year ago, it can be quite shocking.
But don't despair, if you think you won't be able to sell up for the right price, you can get around this , if you have a spare room for example, just rent it out as this will go a long way to paying your monthly mortgage.
If you don't have a spare room, well, have a think about it, say you have a three bedroom house with three children, cant they move in together so you will have a room to rent?
This idea is not the best solution but at least it could save your home, needs must as they say, check with your mortgage first though as some may not allow this, but under the circumstances, they may allow it to help you out.
There are other options too, try and re-negotiate your mortgage, or ask for a mortgage vacation, some mortgage companies will do this to help you.
You could also try and switch your mortgage to an interest only mortgage; this will significantly reduce your monthly mortgage payments and will certainly make things a lot easier.
The only down side to this, you're not actually paying anything off your mortgage, just the interest, but it's a good temporary fix, just stay on it until things pick up again and then switch it back to a re-payment mortgage.
Some mortgage companies will freeze your mortgage for up to 12 months in some cases giving you a welcomed breathing spell and hopefully enough time to improve your financial circumstances.
Remember, it's really not in the mortgage company's interest to take back your home; they have all the work to do and have to try and sell your house and get their money back from you.
The mortgage people will also realise, if you are having difficulties paying your mortgage, they probably won't get their money off you anyway and will still be left with a house they can't sell.
Many people are now turning to the online property sales websites to advertise their homes