Back in 2006 when US housing prices were peaking, home owners were laughing all the way to the banks which were in turn more than happy to provide multiple mortgage loans on the same property under the assumption that real estate valuations would continue to rise unchecked.

Soon after, the panic which emerged from cascading sub-prime mortgage loans spread like a virus through the banks, which attempted to get rid of any and all derivatives that packaged loans to less-than-ideal borrowers, on and off their books.

The financial contagion which spread through the banks was largely contained through government support, including the Troubled Asset Relief Program. The US Government pumped in more than $900 billion into targeted loans and rescue packages for the housing market. But the mayhem continued and as the paranoia regarding home loans and mortgage-backed securities spread through the financial organizations, thousands of home owners faced the …

We all know that there are companies nowadays willing to make an offer for homes that are in any structural and aesthetic condition. These “We Buy Houses” companies are very smart in making their business grow because they are willing to pay a certain amount for the condition of the home. Of course, they would like the homes to be on the poor state because the fast house sale price is normally below the average compared to well-kept homes that need little renovation. If you are interested on a fast house sale, you have to know how these companies price your property.

Condition of the home

The current state of the house is a very important consideration for We Buy houses companies. They look at the foundation, exterior structures, interior conditions, plumbing, electrical wiring, fixtures, flooring, wood paneling and other items that will be left behind by the homeowner. A …