If you were to sell your house, you’d never feel easy before making that decision. No matter how insignificant the reason may be, letting go of a place you spent years in, probably even shared memories with your loved ones, is really hard.
People are compelled to sell their house all the time, and for reasons that we don’t think about as much. According to data from the National Association of Realtors, 5.34 million existing homes were sold in 2019.
The reason we have titled this as “common anecdotal reasons” because this is not some official report that talks about what’s happening in the economy on a macro level.
In this blog, we are going to talk about reasons that are personal to every individual. These individuals are trying to find a buyer for their house right now, and we are going to talk about what circumstances led them to sell their house.
An Individual’s Reasons to Sell a House
If you are someone who Googled “How to sell my house?” or “sell my house fast”, you will most likely find yourself being in either of the following situations:-
House Needs Repairs & Maintenance
Oftentimes, when you’re trying to sell your house, you’ll know that nobody would buy a house that calls for any foreseeable expenses for repairs. In order to sell it, you have to get it repaired. It’s common for a house to need a new roof, new paint, appliance updates, HVAC replacement, or even structural repairs.
Most people looking to sell their house would be afraid of a fixer-upper since the cost of repair may be too high for them and they’ll think they’d be better off selling it. To make things worse, a house’s expensive repairs aren’t the only costs. A house costs money to maintain; each month a person owns a house can be an additional financial burden. Between property taxes, insurance, and general house maintenance, these costs that add up may not be possible for a lot of people to afford.
Unable to Afford Mortgage
“Things you own, end up owning you.”— Fight Club
The above dialogue perfectly describes how people would rather indulge themselves in something that society values instead of what they really want. How does it fit in this context?
Well, no one wants to pay any mortgage, but once you buy a house, you’re in it for many years to come. Sooner or later, mortgage rates get high, the homeowner experiences a change in job status, the homeowner gets behind their payments, and next thing you know, the lender is seeking foreclosure.
Homeowners are sometimes unable to catch up with the mortgage bills and risk major damage to their credit. They end up coming to us when they want to sell their house fast and to get paid immediately. We’re always happy to help!
Divorce
Divorce is more common than you think. It’s estimated that roughly 42-45% of first marriages in the US end up in divorce. As a perspective, 22% of women have been divorced at least once. The same goes for 21% of men. The problem arrives when it comes to the division of items you owned together.
After divorce, people usually sell their houses as a solution. They either do that through an agent, but lately, they’ve started relying on iBuyLehigh because we buy their property and pay them instantly. This way, it’s easier for them to immediately settle their financial disputes.
Inherited House
Just when people think they’re running out of luck, they find themselves inheriting the ancestral property. It can be a blessing if they now have a place to move to, but what if they don’t want to?
A property that’s sitting idle on a piece of land is incurring taxes, insurance, and repair and maintenance expenses as well. Each month that passes, costs the owner additional money with no benefit.
That’s when this property starts becoming inconvenient to own. The good news is that whenever that homeowner needs money quickly, that property is what saves them since they’re able to sell it instantly through us. With iBuyLehigh, we don’t charge any commissions/ fees and, best of all, you don’t have to bear any repair expenses.
Need Quick Cash
There could be a thousand other reasons why someone could be in a situation where they need money instantly. Maybe they’re dealing with a lawsuit or they need to make an important investment, but they need cash fast.
A real estate agent in this case will advertise and put your house up for sale. That will attract potential buyers who will scout your house and decide whether it’s a good fit for them or not. This process could take 2-6 months until everything is finalized. It may not be as feasible, which is why iBuyLehigh offers payment in cash within a week if it’s urgent.
Sell Your House Fast
Like we mentioned at the beginning of this blog, these are very personal reasons, and because of that, contacting an agent may not be feasible because that would mean advertising about your home selling and taking a very long time to get paid.
With iBuyLehigh, you don’t just get instantly paid, but you are able to protect your privacy as well. Just click on this link, fill out the property address followed by your contact details, and we’ll get back to you with your fair offer. Or better yet! Call us directly at (484) 549-0019.