What Does it Mean to Have a Distressed Property in the Greater Cincinnati Area or Cincinnati?

Distressed property may be a property that is either in an advanced state of disrepair, which is obvious, and may also have landscaping that has grown wild and is potentially damaging structures or the foundation or facing an impending foreclosure procedure. Although listing and selling your home is a complicated and stressful process during the best of times, these problems become exacerbated by the pressures of time or financial stress. Should you have a distressed property in the Greater Cincinnati Area or Cincinnati, read on to learn what it may mean to you.

Can I Sell My House to Avoid Foreclosure? - We Buy NKY Houses

Time Marches On

If you have a distressed property in the Greater Cincinnati Area or Cincinnati because you’re facing a foreclosure, you’ve likely started receiving notifications from the lender, now is not the time to stick your head in the sand.  If you’re dealing with more significant problems with the house than you can handle, physically or financially ultimately, the longer you wait, the more expensive and extensive the repairs are becoming by the day. Another issue with listing your home for sale on the market with a distressed property is the additional reduction in price caused by the property lingering on the market because buyers prefer homes in ready-to-move-in condition so that you may get little interest on the MLS. Properties listed for a more extended period than the average listing give buyers pause when scrolling through properties and can further delay your sale. A direct buyer like those at We Buy NKY Houses will make you an offer with a guaranteed closing date within days or set to the day that’s convenient for you.

Using a Real Estate Agent

The traditional marketplace and listing process aren’t always suitable for a distressed property in the Greater Cincinnati Area or Cincinnati. Understanding that you’re not in the best of positions for bargaining if you’re working under time constraints or have serious concerns about passing the inevitable inspection, you’re likely aware the offers you get, if any, will be far less than fair. In addition to the real estate commissions, fees and closing costs can quickly eat away at your remaining profits. On the other hand, a direct buyer like those at We Buy NKY Houses doesn’t charge commissions.

Listing Your Property Yourself

Much like listing with a real estate agent when you have a distressed property in the Greater Cincinnati Area or Cincinnati, you’ll face all of the same expenditures, less the commissions. Your emotional and financial investment in the home can make negotiations difficult, especially when the offer is insultingly low. A direct buyer will lay out precisely what your home would earn through the listing and the expenses you would pay vs. accepting our cash offer, which comes with no out-of-pocket costs and is the amount you’ll receive at the closing. You can sell your house as-is to a direct buyer when you have a distressed property in the Greater Cincinnati Area. The direct buyers at We Buy NKY Houses don’t hide any details about the amount of our offer, which you’ll agree is fair. 

Distressed Property - Sad

We Buy NKY Houses

Are you failing to make your mortgage payment and you know foreclosure is near to occur? Are you now desperate to seek and help and questions like: What are some legal ways to avoid a foreclosure? How can I stop foreclosure in KY? Who can help me avoid foreclosure? How can I stop foreclosure quickly? What you need to do is start by knowing the ways to avoid foreclosure.

If you’re dealing this situation, you will need aid from a professional real estate agent who can help you with the proceedings and make you understand all undertakings.

Know and understand all of your option so you can make the best decision that will help with your current circumstances and goals.

To learn more ways We Buy NKY Houses can help you, send us a message or call We Buy NKY Houses at (859) 412-1940

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