Prevent Foreclosures

Posts Tagged ‘how to sell my own home’

One obvious way to prevent or avoid foreclosure is to sell your home before the bank takes it from you. However, most people do not want to sell because they are attached to their homes, do not know where to live otherwise and cannot bear to think about moving into a new place. The problem is that, if you cannot afford to pay your mortgage payments for your current home, then sooner or later, you are going to have to move out and it is best to move out on your own terms rather than being forced out by the lender.

Usually, a homeowner who decides to sell his or her home early on before he or she misses too many mortgage payments succeeds in preventing foreclosure. Homeowners who wait until days before the foreclosure auction cannot save their homes. If you think that you will not be able to afford the current mortgage payments, you need to talk to someone about it. There are many options such as selling your home, modifying your loan or refinancing.

If you decide to sell a home, then you can either get a Realtor to help you or you can sell it yourself. When a homeowner decides to sell his or her home himself or herself, it is called FSBO or For Sale By Owner. There is much to learn when you are going to sell your home by yourself without the help of a professional realtor. This book called The Complete Idiot's Guide to Selling your Own Home will be your guide from start to finish. You will be able to save money on Realtor fees.

Do it yourself … and keep the commission!

Now anyone who wants to sell their home on their own can learn how. Whether readers are willing to pay a small commission for online help or a flat fee for an MLS listing, or they want to handle every step on their own, this guide will walk them through the process, providing tips on everything from signs and open houses to appraisals and inspections. In 2002, 1.68 million homeowners tried to sell their own home; in 2005, 2.25 million are expected to try it.

About the Author

Jeffrey Wuorio is a speaker and author whose articles have appeared in the New York Times, Money Magazine, BusinessWeek, and Consumer Reports. He’s appeared on CBS, NBC, NPR, and Money Matters. His books include How to Buy and Sell Just About Everything.

Buy The Complete Idiot's Guide to Selling your Own Home

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