What Does it Mean to Have a Distressed Property in Belleville?

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A distressed property can refer to a property that is in a state of advanced disrepair, with noticeable damage to the structure or foundation, and potentially overgrown landscaping that is causing further damage. It may also refer to a property that is facing an impending foreclosure procedure.

Selling any property can be a complex and stressful process, but selling a distressed property comes with its own set of challenges. The pressures of time and financial stress can make the process even more difficult, adding to the emotional and financial investment that you have already made in the property.

If you have a distressed property in Belleville, it is important to understand what it may mean for you. You may need to consider alternative selling options, such as selling to a direct buyer, in order to avoid the expenses and time associated with listing with an agent.

At Cardinal Creek Properties, we specialize in helping homeowners who have distressed properties in Belleville. Our direct buyers are experienced in working with distressed properties and can provide you with a clear understanding of the value of your home, as well as the expenses and time associated with selling it.

Time Marches On

If you have a distressed property in Belleville 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 Cardinal Creek Properties 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 Belleville. 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 Cardinal Creek Properties doesn’t charge commissions.

Listing Your Property Yourself

If you’re dealing with a distressed property in Belleville, you may find yourself in a situation similar to listing with a real estate agent. However, you’ll face all of the same expenditures, except for the commissions. This can be particularly challenging when negotiating with potential buyers, especially if they make an insultingly low offer.

Thankfully, there’s an alternative solution: selling your house to a direct buyer. By doing so, you’ll avoid the hassle of listing your property with an agent and the expenses that come with it. Plus, a direct buyer like Cardinal Creek Properties will provide you with a clear understanding of what your home would earn through the listing process and the expenses you would pay versus accepting their cash offer.

Not only will you receive a fair and transparent cash offer, but you’ll also avoid any out-of-pocket costs. This means that the amount you agree on with the direct buyer will be the exact amount you’ll receive at the closing.

Selling your distressed property as-is to a direct buyer in Belleville is an excellent option if you’re looking for a hassle-free and transparent process. Cardinal Creek Properties is committed to providing you with an offer that accurately reflects the true value of your home. So, you can rest assured that you’re getting a fair deal without any hidden costs or surprises.

Cardinal Creek Properties

At Cardinal Creek Properties, there are no pressured sales; we are upfront about everything because we want you to make an educated decision based on the numbers and the problems you face. By working with a direct buyer like those at Cardinal Creek Properties, you can avoid the commissions and closing costs, making repairs, and all of the other typical out-of-pocket expenses and hassles of listing your home. The direct buyers at Cardinal Creek Properties will stop, taking the time to listen carefully to you, understand your concerns, and answer your questions thoroughly, with no obligation whatsoever. We do this because at Cardinal Creek Properties, we want you to be certain that you made the best choice out of all options available for your situation. Contact Cardinal Creek Properties today at (314) 467-8137 to learn more!

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