If you are in a situation where you need to sell your house right away but can’t find a buyer, one option may be to sell your house as-is for cash to a company that buys a house in Detroit, Michigan. A cash home sale gives you the flexibility to sell your house fast without incurring high selling costs. It is a private transaction between you and the buyer. So, it eliminates the hassle of a traditional home sale.
You may be asking, “When is the best time to sell my house for cash?” There are several situations in which a cash home sale can help you get out of a financial hardship or help you move on to the next stage in your life.
| Bankruptcy | Downsizing | Relocating |
| Damaged House | Foreclosure | Rental House |
| Distressed House | Inherited House | Selling As-Is |
| Divorce | New Job | Vacant House |
Let’s explore some of these below.
Bankruptcy
In most cases, you can keep your house when filing a bankruptcy. You refinance your home in a way that monthly payments are more affordable. However, selling your house could help you pay off your mortgage and have a little left over to pay your debt. Selling your house may also help you avoid bankruptcy so that you can save your credit and start again financially.
Damaged House
A damaged house may include a house that is outdated or damaged by a natural disaster. Regardless of the cause, a damaged house is incredibly difficult to sell. A cash home sale allows you to sell your house as-is. You make no repairs or upgrades to the property. The buyer agrees to pay for the house regardless of its condition or why you are selling.
Foreclosure
Do you have a distressed house? Is the bank getting ready to repossess your property? If so, a cash home sale may help you get out of your mortgage with your credit intact. You can close the sale in as little as seven days and pay off the remaining loan balance to stop the foreclosure. You may lose your home. However, you’ll be in a position to buy a new home in a few months.
Divorce
Divorce almost always leads to a financial setback in the first few years. While it’s possible to get back on your feet, selling your house during divorce can be difficult. If both parties want to sell the houses as quickly as possible with little to no cost, your best route is to sell your house as-is for cash to a house-buying company in Michigan. You can close quickly before your divorce settlement finishes.
New Job or Relocation
You may be excited about your new job. However, you need to sell your house quickly so that you can relocate. If you move without selling your house, you may have to keep up with two mortgages at the same time. When you sell your house for cash, the buyer can make an offer and close the house sale within a week or two, allowing you to move to your new job and new life.
Rental House
Are you a tired landlord? Do you have problem tenants but can’t evict them? If you are ready to get out of house rentals, you can sell your rental house to a home buyer. You don’t have to do any home repairs or get your house ready to sell. You don’t even have to evict the tenants. You can sell your rental house as-is for cash and let the buyer deal with the tenants. You walk away with no strings attached.
Inherited House (Probate)
Have you recently received an inherited house from a loved one? If so, you may not want the property. Or you may sell the house to pay off any remaining debt or taxes after the loved one passes. A cash home sale allows you to raise the money you need to pay off the debt and settle your probate case. You can legally sell your inherited house during probate, as long as you use the proceeds to pay the debt.
Sell My House for Cash in Detroit, Michigan
AT M1 Home Buyers, we buy houses as-is for cash in Michigan. You can sell your house as-is and make no home repairs. Plus, you skip the realtor commissions and closing costs. We can assess your home’s value and make a cash offer. Call 248-397-5800 today to get a fast cash offer from our house-buying company in Michigan.