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October 13, 2012
Seller Video Series 13: The Cost of Relying on Compassionate Buyers
Source: YouTube - Used under standard YouTube license terms.
If you are falling behind on your mortgage payments, you may be faced with the sudden need to sell your house. You should know that you're not alone. Millions of homeowners across the nation face the prospect of a foreclosure or short sale.
And while the most compassionate buyers may understand your situation, their lenders won't, and will only lend for the current market value of the house.
If you need to sell your house quickly, your best bet is to price the house to sell.
The reality is that buyers, like you, are interested in getting the most value for their money, which means they won't be looking at what you paid for the house or what you still owe—only what it's worth.
And studies show that the best way to get the most money from the sale of your house is to price it so that you get an offer within the first two weeks it is on the market.
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