No one ever wants to lose their home, but sometimes life may take an unexpected turn or unplanned expenses come up and you find yourself getting behind in mortgage payments.It’s never a good idea to let this happen, and the best course of action is to always speak directly with your lender in order to facilitate some kind of mortgage solution that will keep you in your home and on good terms with your lender.
Perhaps the best solution is to sell your home in order to prevent accumulating any further debt. It’s far better to keep your financial stability and credit rating than to risk losing your home or, worst case scenario, filing for bankruptcy.
If the end result is that a quick sale is required, companies like Property Cash Canada can provide an option by offering a fair market value cash price for your home. This option may allow you to sell your home far quicker than listing it for sale.
Cash Offer vs. Listing Price: Why the Difference?
One question we always get asked is “what is a fair market value cash offer”? Simply put, we will assess your home against others in the market, determine any upgrade costs that may be incurred in order to resell your property and then present you with an offer. Now, the first thing you may say is “this is much less than it would sell on the real estate market”. Don’t forget a listing price includes all the commissions and fees associated with having your property listed for sale. We take these percentages into account when preparing your cash offer.
Find out more about the Property Cash Canada process and areas we serve.