Deciding to sell your house is not a decision made lightly. No matter how minor the reason may seem, parting with a home where you’ve spent countless years and created cherished memories can be an emotional challenge.
People find themselves compelled to sell their homes for various reasons, many of which often go unnoticed. According to the National Association of Realtors, a staggering 5.34 million existing homes were sold in 2019.
We refer to these as “common anecdotal reasons” because they reflect personal motivations rather than being derived from a formal economic report.
In this article, we will delve into the personal motivations of individuals currently seeking buyers for their homes. We aim to shed light on the circumstances that drive them to make this significant decision.
An Individual’s Reasons to Sell a House
If you’ve found yourself searching for “How to sell my house?” or “sell my house fast,” you might be in one of the following situations:
Need for Repairs and Maintenance
When preparing to sell your house, it often becomes evident that most buyers are deterred by properties requiring extensive repairs. To successfully sell the home, repairs are usually necessary. Common issues may include needing a new roof, fresh paint, updated appliances, or even more substantial structural repairs.
Many sellers shy away from properties labeled as fixer-uppers due to potentially high repair costs, prompting them to consider selling instead. Additionally, the financial burden doesn’t stop with repairs; maintaining a home incurs regular costs. Monthly expenses such as property taxes, insurance, and upkeep can accumulate quickly, making homeownership challenging for many.
Struggling with Mortgage Payments
“Things you own, end up owning you.” — Fight Club
This quote encapsulates the notion that many people prioritize societal expectations over their genuine desires. How does this relate to our discussion?
Once you commit to a mortgage, you’re bound for several years. Over time, homeowners may encounter rising interest rates or shifts in their job status, leading to missed payments and potential foreclosure.
Some homeowners find it difficult to keep up with their mortgage obligations, risking severe credit damage. They often turn to us for assistance in selling their homes quickly for immediate cash, and we are always ready to help!
Divorce
Divorce rates are higher than many realize, with estimates indicating that approximat 42-45% of first marriages in the U.S. end in divorce. To put this into perspective, about 22% of women and 21% of men have experienced at least one divorce. Complications often arise during the division of jointly owned assets.
Typically, following a divorce, individuals opt to sell their shared homes as a solution. Many choose to work with real estate agents, but a growing number have begun turning to iBuyLehigh, where we can purchase their property and provide immediate payment. This approach simplifies the financial settlement process.
Inheriting a Property
Inheriting an ancestral home can feel like a stroke of luck, but it can quickly become a burden if the new owner doesn’t wish to move in.
An inherited property can accrue costs, including taxes, insurance, and ongoing maintenance expenses. Each passing month translates into additional financial obligations without any corresponding benefits.
When owning such a property becomes inconvenient, it can serve as a lifeline when homeowners need quick cash. At iBuyLehigh, we simplify the process by eliminating commissions and repair costs.
Immediate Cash Needs
Numerous situations may prompt a need for immediate cash, whether due to a lawsuit, urgent investments, or other unforeseen circumstances.
In such cases, real estate agents may advertise your property, attracting potential buyers who will evaluate its suitability. This process, however, can take 2 to 6 months to finalize, making it less practical for those in urgent need of funds. iBuyLehigh can facilitate a cash payment within a week, ensuring you meet pressing financial demands.
Selling Your House Quickly
As highlighted earlier, these motivations are deeply personal. Given the nature of these circumstances, working with an agent may not be the most suitable option, as it involves advertising your home and potentially enduring a lengthy sale process before receiving payment.
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.