The Notice of Default is sitting on the kitchen table. The two of you have discussed it and have decided that it is best to sell the house and move. The only question that remains is whether to hire a real estate investor or a realtor. Lets’ examine some things to help make that decision a little easier.

Placing your home on the market today can be a lengthy process. The housing market is already saturated with homes and new homes are added to the mix as well. You can realistically expect that your house would stay on the market for at least six to twelve months. All that time you are still going to have to pay the mortgage payment or be foreclosed on.

Looking beyond the market itself, we should examine the costs of doing business with a realtor. They are going to have to offer potential buyers some sort of a discount to market your home. Add to that a home inspection, repairs, and a warranty that are going to have to come from your pocket to make the home more attractive to potential buyers. And you cannot forget closing costs as well as the realtors commission either. Those things alone can cost you at least $20,000 if you are trying to sell a $100,000 home.

A real estate investor, on the other hand, can eliminate these costs as well as purchase your home. They will pay you cash for your home themselves, which means there is no waiting for potential buyers. In many cases they can even close on your home in as little as seven days. This cuts out the time frame involved in trying to place your house on the market. Also, it doesn’t matter what condition your home is in currently. The repairs and inspections will take place after they purchase your home. The bill will be on them, not you.

Hiring a local real estate investor is the logical way to sell your home quickly. Do not allow a foreclosure to ruin what is left of your credit rating. Stop the legal process by selling your home quickly to a professional real estate investor today.