September 29, 2022
Local Guy Buys Houses | Sell My Home During Recession

Sell My Home During Recession

According to economic experts, the U.S. is headed for a recession. The Fed's rapid rate hikes have raised the likelihood of a recession in the next two years to nearly 50%. Some economists predict a mild recession later this year, while others announce a major recession as early as the beginning of next year. 

The good news is that regardless of the recession or how it affects the housing market, you can still sell your house fast. At Local Guy Buys Houses, we buy houses in a recession. Regardless of the economy or your financial situation, we can assess your property's market value, make a fast cash offer, and close the sale in as little as seven to 21 days. 

How Can I Sell My House in a Recession?

If you want to sell your house during a recession, you can bypass the real estate market and sell your house as-is for cash directly to a company that buys houses.

How is this possible? 

The answer is simple: A cash sale does not rely on the real estate market or the economy. You need to find a home buyer or wholesaler willing to make an offer on the house. Fortunately, house-buying companies purchase properties routinely during a recession. 

At Local Guy Buys Houses, we always buy houses in a recession. We work with homeowners struggling with late mortgage payments, bankruptcy, or foreclosure - all situations that arise during an economic recession. 

How Do I Sell My House During Recession?

A cash home sale is much simpler than a traditional home sale because our home buyers eliminate most of the steps that can delay the sale of your house. The process looks like this:

Step 1: Talk About Your House

If you sell your house, a house-buying company may contact you. Otherwise, you call the buyer to discuss your house. The buyer may ask more about your house or why you are selling. They may also schedule a quick walkthrough of the property.

Step 2: Get a Cash Home Offer

The buyer will assess your property's current market value. If they are interested in buying the house, they will make an offer based on its worth. In most cases, you will receive an offer within one to two days of your initial meeting.

Step 3: Close the Home Sale

If you agree with the offer, the final step is to agree on the terms of the sale and sign the paperwork. The buyer will assign the sale to a title company that will transfer ownership. The buyer agrees to pay up to 100% of any closing costs. Finally, the buyer pays you for the house.

Why Should I Sell My House for Cash During Recession?

A recession can cause financial hardship quickly. You may lose your job or be unable to make your mortgage payments or other bills. The further you go into debt or financial crisis, the more time-sensitive selling your house becomes. A cash home sale gives you a way out of your hardship with little to no selling costs on your end. 

Since we buy houses in a recession, we understand the advantages of a cash home sale. 

  • You do not have to wait to sell your house.
  • You can sell your house as-is - no repairs or upgrades.
  • We can buy your house for cash, regardless of your financial situation. 
  • You do not have to hire a real estate agent.
  • You can save your credit and buy another house later.

If you are going through foreclosure or bankruptcy during a recession, you will need a way out of your mortgage without the financial penalties. A cash home sale provides the answer you need during a financial crisis.

Sell Your House During Recession

If you are feeling the recession's effects and need to sell your house right away, we can help. At Local Guy Buys Houses, we buy houses in recession. Let us make a cash offer on your house and help you get out of your mortgage within seven to 21 days. Call 855-205-5999 to get a fast cash offer.