Many people experience challenges whenever they are selling a home, especially when the market is declining. At Well-Suited Property Solutions, we are the solution to such difficulties, making the process easier and efficient for both the homeowner and the investor. We encourage the homeowner to perceive the sale of their property as an investment opportunity to diversify their assets.
The market for real estate in the US varies from place to place depending on the status of the economy and the conditions in the neighborhood. But while the price of most real estate rises, some property faces the challenge of a shrinking market, due to unsafe neighborhood and depreciation, sometimes compelling the owner to abandon the mortgage payments. This ultimately constitutes what we consider as a distressed property. While most distressed properties are as a result of either tax bill on the property or the inability of the homeowner to keep up with the mortgage payments, others result from tight financial situations compelling the homeowner to sell. Additionally, subjective reasons such as the need for repairs, relocation, trustee issues, and structural problems can also result in distressed property. Currently, although the value of the real estate is expected to increase, no one can tell for sure when this will be, increasing distressed property. Unfortunately for owners of these properties, opportunistic investors are exploiting this uncertainty and are continually seeking to close deals and acquire the property.
Considering the risk of an unstable market and inability to predict the appreciation rate for real estate, most lenders and banks are unwilling to accept a deed in lieu of foreclosure. As a solutions provider, we can help you meet legitimate and committed investors with whom you can exchange the property, for a satisfactory amount of money, should you be having trouble with your property. As experts in this field, we even go beyond our capacity to facilitate a short-sale for those homeowners who owe more on their homes than the present market value of the property.