Avoid Foreclosure

Tips and Advice for Avoiding Foreclosure

How to sell your home quickly without giving into foreclosure…

A flat fee MLS listing can give you the exposure you need to sell for a lower price while still allowing you to retain more equity and thereby avoid foreclosure.

The problem with people faced with foreclosure in today's market is that they need to sell quickly for the highest possible price, but can't afford to pay a real estate agent commission. The equity in their home simply isn't sufficient to allow them to sell using a traditional real estate broker. After all, paying a real estate agent 5-6% of the home's value is often the majority, if not all, of the equity left in the home after paying off the mortgage(s). Equity is the amount of money you have left after paying all of the expenses associated with the sale - it's the bottom line.

In order to sell a home quickly for the highest possible net proceeds to the owner, you must have access to the entire market. With just 1 home to sell, it's impossible to afford to market effectively using tradtionial means such as newspaper classifieds or even listing on websites such as Craigslist or ForSaleByOwner.com. You just can't reach enough of the marketplace without access to the Realtor Multiple Listing Service (MLS). The Realtor MLS is responsible for more sales than all of the other forms of advertising combined. Trying to sell a home without the MLS is like trying to sell stock without the stock exchange; you may be able to accomplish the task, but it will take a lot longer and you'll end up selling for far below the maximum potential.

Smart sellers are avoiding foreclosure by using a new method of real estate brokerage known as 'flat fee MLS listing'. With flat fee MLS you gain the critical access to the market needed without having to give up the majority of your home's equity. Flat fee MLS allows you to sell your home quickly because you can price your home more aggressively and still net more money than if you had used a traditional full commission real estate agent. In today's market, good pricing is paramount. With so many competing homes and facing the time contraints associated with foreclosure, being able to price your home below the competition can give you the advantage you need to successfully avoid foreclosure.