What does a title company do?

Every time someone buys and sells a home, a title company is involved in some way, shape or form. Title companies make real estate transactions happen and come to life. Without them, there would be no money to be made. But when you are thinking of selling your house, you need to know your fees associated with something like this so you know exactly how much money you can expect to make when you sell your house.
So if you're saying, what exactly does a title company even do? Why are they needed? Why can't I just sign a deed over to a buyer and just make things happen that way. Well, things aren't always that simple because in the American world we live in, contracts and paperwork are a must have when business transactions are done.
A title company goes through the record of who has owned the home. They look up who currently owns the home, how long they've owned the home, what they paid for it and so much more. More importantly, they look to see if any tax liens are on the house. What is a tax lien?

A tax lien is something the government can place on the property if you have not paid your taxes year after year. Other people can also place a lien on your property. Let's say for instance you get a new roof on your home, but you don't pay them for their work they did on your roof and house. That construction company can, with the correct paper work, file a lien on your house to ensure that they get their money for the work they did.
Without a title company, these debts cannot be paid off, so the new home owner would be screwed over in essence if a title company did not exist.
Sometimes, real estate companies, like Favor Home Solutions, will buy a house even with a tax lien or a regular lien on a house! That's great news for someone who cannot afford to pay off a lien on their home. Another reason title companies are so very handy, they allow you to pay off all your debt in one fail swoop, which saves time and saves you from the headache of dealing with each lien individually. These companies do charge a typical fee of $200-400 to process all of these charges.

When are repairs too much? At what point should I sell?

Everyone is, at some point or another, faced with the challenge of having to put money into their house. Sometimes you just need to put a couple hundred or under a couple thousand dollars every year or so just with basic up keep of the home: cutting the grass, pressure washing the siding, spring cleaning activities and whatever else is needed for basic up keep. At what point should you say, "I'm spending too much, I need to sell my house fast!"
Every house at some point will need a new roof, a new HVAC system or unit, a new hot water heater or tank, new cabinets, new paint, new carpeting in bedrooms and other rooms, new hardwood flooring, new kitchen appliances, and any newer bells and whistles the home owner wants to make their home look top of the line. All of these add up really quickly, causing your bank account to drop dramatically.

Everything depends on how much money you have in your bank account and what kind of a job you have. If you have a job that you make $250,000 a year with no problem, then you have no reason to sell your home. But if you're like the rest of us Americans making between $40,000-70,000 a year, repairs on a home can add up all too quick. So when should you sell your home?
I personally think when repairs get upwards of $10,000 in a year is when you need to seriously consider selling. What happens if I don't have the money to fix up the house? How can I sell it?? Well I'm glad you asked! A company like Favor Home Solutions will always buy any house as-is, meaning that you don't have to fix anything before you sell it to them, saving your time and money. You literally can press the easy button and be done with pesky repairs!

What to do if I'm facing a foreclosure?

People buy houses every day throughout America. Every day, people's dreams of owning their first home come true. However, at the same time people are experiencing a dream come true, another person or family is having their worst nightmare come true: foreclosure. If you're worried about foreclose and saying, "where can I sell my house before I go into foreclosure," keep reading.
First off, what is foreclosure? Foreclosure is the process that begins to happen to a home owner when they stop making payments to their mortgage. After a certain amount of missed payments, the bank will repossess the home to ensure they get their money they loaned to the homeowner. The banks are ruthless!! But you have time before they take your home away from you, ruining your credit for at least 7 years, for you to sell your home and pay off your loan. This can happen to anyone if you're not careful!
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So if you're missing mortgage payments, be careful! If you are facing foreclosure, you can do a multitude of things. You can just pay off the amount the bank is demanding you pay, which is typically the amount of the payments you've been missing. But who has the ability to pull 4-6 months worth or mortgage payments out of thin air? So you're left with selling your home with a realtor, but that can take months to happen! Seeking a cash investor can give you cash for your home in a matter of weeks. That's going to give you the flexibility to sell your home, pay off the mortgage and NOT ruin your credit for 7 whole years, which is a crucial thing to avoid. Favor Home Solutions specializes in dealing with foreclosures. They can guide you in what you should do to insure you're home is not taken by the bank, ruining your credit for 7 years. You can't be too careful, give them a call and see what they can do to help. They helped my family from facing foreclosure, and they'll help you too!

How much money do you lose selling with a realtor?

When you own a home, you typically list your home you're selling with a realtor because they know the lay of the land and what houses buy and sell for in your area. Realtors, however, don't do this service for absolutely nothing. They charge a fee to sell your home of typically 3%. Sometimes, their fee is more to sell your house, but 3% is typically the fee. So if you want to save that fee, where can you sell my house fast to save that fee?
When you sell a home, you're typically known to pay your side of the closing costs plus the buyers closing costs, which can add up to about 5-6% in total. Plus you're going to tack on the realtor fee, so you're looking at 8-9% off the top by selling your house the traditional way. If you sell your house for $100,000, you'll lose 8,000-9,000 in just closing costs and realtors fees that goes, poof. Yes, there is a much better solution to sell your home fast without paying these fees.
Real estate agents are going to try to possibly bundle your house with other houses, too, which slows the process of selling your home. They might try to find these investors, but why not find these investors yourself? Doesn't that make so much sense to just cut out that middle man? So why not just go on the internet and search it for yourself? If you have questions of how to find local cash investors, please contact me! I'll connect you with the best one around!
As a seller of a home, you have an opportunity to use a real estate investor instead of typical realtor and retail buyer. Using a real estate investing company like Favor Home Solutions is great choice for you. They offer all cash and a fair offer. Most companies like Favor Home Solutions buys houses as-is, which means you don't have to even fix anything or sweep the floors! I would recommend checking them out  for sure because they could save you so much money that would otherwise be lost to stupid fees!

Using social media to sell your house

Social media in today's day and age can be a huge distraction or one of your most valuable assets you can possibly have. Social media allows people to connect with other people, like family and friends, but it also allows businesses to connect with their clientele and find new customers. If you own a home, chances are you're going to sell it one day because of a divorce, financial crisis, a sickness in your family, or some other reasons. If you know you're going to have to sell your house fast, might as well be prepared and know what to do.
I would suggest using Facebook because Facebook will allow you to search groups and like pages or real estate investors and professionals who can help sell your home. In my opinion, you don't want to sell with a realtor because you will have to pay commission when they sell your home. With a real estate investor, there are no fees whatsoever, which allows you to keep you money!
So when you first go onto Facebook, use the search bar to search, "real estate [your city]." When you search that with your city name in there, group will pop up about real estate investor groups, so you need to join all that you can! When you join, post that you're selling your house at whatever address. Then investors will begin to comment and message you, and they will want to pay cash for your house! How cool?!
You can also search pages on Facebook, like Favor Home Solutions. You can search their page, view their postings and visit their website. These Facebook pages can really help you sell your house because local investors do local Facebook Marketing. They want people to come find their company online. Facebook groups are incredible! Don't under estimate the power of the Facebook group! It really is incredible how powerful they truly are!