Your Questions About Fixer Upper Houses
January 16, 2012 · Print This Article
Steven asks…
How can i get my old fixer upper house in a small ks to sell?
Ok so me and my husband bought a house together about two years ago it was old and not perfect but we had all these dreams of fixing it up...well that never happened, could never afford it. Well then my husband joined the army and we are based in germany, we both know we will never live there again and we just want to get it sold (the mortgage is killing us) but we have had it on the market forever and it hasn't budged, we cant lower the price any, cause we are already selling it for just what we owe and we can't afford to fix it up any (plus we are in another country and can't be there to do anything) so does anyone have any suggestions on how we can wash our hands of this house before it forcloses on us?
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 70 acre Gold Mining Claim Fiddler Gulch Trib of Josephine Creek Oregon US $3,500.00 |
 PHOENIX AZ TURN KEY CASH FLOW SINGLE FAMILY RENTAL INVESTMENT PROPERTIES US $1.00 |
 Real Estate Investors Complete Turn key US $5,000.00 |
 10 ACRE NEVADA RANCH PARADISE VALLEY MINERAL RIGHTS $195 DOWN $100 MONTH 0 INT US $195.00 |
Landlord Specials answers:
Your only options are to sell at a loss over what you owe and pay the difference to the lender, or to hold on to the property and start renting it out.
The real estate market in the United States is generally very weak right now. Market values in many cases are less than people paid for their properties, and less than they owe on them.
Even though it is bleak consolation, you are FAR from alone in this situation.
Sandra asks…
How can I find a fixer upper house?
Any good websites?
or hints?
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70 acre Gold Mining Claim Fiddler Gulch Trib of Josephine Creek Oregon US $3,500.00 |
PHOENIX AZ TURN KEY CASH FLOW SINGLE FAMILY RENTAL INVESTMENT PROPERTIES US $1.00 |
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Real Estate Investors Complete Turn key US $5,000.00 |
10 ACRE NEVADA RANCH PARADISE VALLEY MINERAL RIGHTS $195 DOWN $100 MONTH 0 INT US $195.00 |
Landlord Specials answers:
Are you looking on the MLS listings?
Look for realtors that use key words in the description like "Sold as is" or "In need of TLC" or even "Bring your decorating ideas".
If you're looking for a bank-owned property, they are sometimes called REO properties and there are specific websites for them.
Also, if you ask a realtor to help you, you do not pay their commision, the seller does.
They can help you find a list of distressed properties.
Good luck!
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Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.
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