Reports have shown that Maryland has one of the highest foreclosure rates in the nation . From April 2012, Maryland home foreclosure rates rose 199 percent, bringing Maryland to the 7th highest foreclosure rate in the country. Maryland’s trends are going against national foreclosure trend, which found a 23.3 percent decline from the previous year with one out of every 905 homes in the U.S. entering foreclosure. Maryland’s own foreclosure rate saw a 154.3 foreclosure rate rise since April 2012.
More Maryland homes just aren’t foreclosing, they’re also sitting on the market for a long time. Although reports indicate that time is getting less and less, with the average time for a home being sold in the Baltimore area being 36 days. This is down from 64 days a home would sit on the market in 2012. For areas outside the Baltimore, the time that homes are sitting on the market is even higher. In Washington County, the average time is 110 days. And in Frederick County, the average time a home is on the market is 70 days.
No matter how you look at it, if you’re a homeowner with a home you’re looking to sell for whatever reason, you’ll have to wait at least a month before its sold. And maybe you have circumstances that cause you to need your home sold immediately. Putting your home on the market won’t get it sold the fastest way possible. That’s where Grays Home Solutions comes in. We make quick property purchases and can buy your home in as little as 7 days.
If you don’t have any equity, are behind on your mortgage payments or have a job transfer where you can’t wait around for your house to sell. If you want to get rid of your home immediately, Grays Home Solutions is here to help. If you’re in danger of foreclosure, you could ruin your credit for years. By using Grays Home Solutions services, your credit will remain unharmed.Listing your home with an agent when you’re in financial trouble can cost you in more ways than one and a short sale may be the only option, in which your credit will still take a hit. Grays Home Solutions specializes in Immediate Debt Relief and will purchase your home in a time frame that works best for you. Preserve your credit and remember You will never be charged one red cent for our services.
What do you have to lose? Call us today and lets discuss your situation.
If you have a distressed property, whether the outside cosmetics are in poor shape or if the interior or equity is ruined on it, call Grays Home Solutions.
We’re not licensed real estate agents and we’re not affiliated with any real estate firm, but we know the business inside and out. So unlike a typical buyer, we won’t ask you for any of the support or “hand-holding” that can be so time-consuming when working with non-professionals. Just call us with the lead, then sit back and wait for your check.
To learn more about how to sell your home in days instead of months, please download our ebook today! Or learn about our super easy referral system that benefits sellers and buyers!
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Sources:
Maryland foreclosure rate is seventh-worst in U.S., Baltimore Business Journal
In Baltimore area, homes are selling in 36 days (and often fewer), Baltimore Business Journal