When experiencing financial hardship, it’s important to explore all your options to find a way to ease your financial burden. If you’re thinking about selling your house in Denver with its judgments, you’ll need to consider the pros and cons before making any big decisions about your property ownership. Dealing with judgement liens for cases like bankruptcy, child support, property tax liens, and other involuntary liens aren’t the same as handling consensual liens like mortgages. Here are some of the pros and cons you should consider before making the decision to sell your home.

Pro: Sell to the As-Is Market

While your judgement lien may be off-putting for buyers who want homes with clean titles, you might be able to sell your home as-is on the market to buyers looking for as-is homes. These are the buyers on the market consisting of investors looking to buy homes at a low price and private individuals more focused on location and plan on building a new home on your lot.

Con: Sell Your Home Below Market Value

In many cases, these buyers are willing to handle the responsibility for your judgement liens. However, this means selling your home lower than its market value. If you plan to sell as-is when you list on the market, be prepared for lowball offers to be the norm, especially if you have a difficult judgement lien or your home isn’t in the best shape.

Pro: You Can Remove Your Lien Before Selling

If you don’t want the hassle of listing your house in Denver with judgements, you have an alternative option. First, find a way to pay off the old debt to remove the lien. You can either borrow money from a family or friend or by taking out a loan. Next, prepare your home to be sold on the market. Without a lien, this can make it easier for you to list your property and find a buyer interested in your home. Depending on your equity, real estate market trends, and the offers you can get on your home, you may be able to pay off your debts.

Con: It May Take a While to Find a Buyer

There is never a guarantee as to how well your home will sell on the market, despite real estate market trends. The average home in Colorado takes 38 days to receive an offer. Take in the possibilities of lowball offers and offers that fall through, plus an additional 35 to 45 days to close, and you’re looking at around 73 to 83 days to close the deal. If you get a loan to pay off your judgement and fix up your house, you won’t be instantly getting money from your home selling to pay off these debts.

Pro: You Can Sell to a Cash Home Buyer in Denver

Selling a house in Denver with judgments can be a difficult feat on the real estate market. Luckily, you can opt to skip the listings and sell your home directly to a cash home buyer in Denver. Rather than waiting several months, filtering out lowball offers, and getting frustrated over buyers that ghost you, you can sell your home fast and for a fair price. We buy homes as-is, including homes with judgements of any kind. We’ll give you a fair offer, handle all the documentation, and deal with the additional steps of handling the lien on your home.

Ready to Sell Your Home?

There are some pros and cons to selling a house in Denver with judgements. To determine the best course of action, it is crucial to carefully consider your choices and the best way to sell your house fast. With a reliable cash home buyer in Denver like Blue Halo Homes, you can receive a fair offer on your home that can help you move forward without your unwanted property and the lien on it.

At Blue Halo Homes, we buy houses in Denver, Colorado. We’ll buy your property as-is, and you can expect a fast and convenient sale with a good price on your home. Get in touch with us today to learn more about our home buying process and how you can take advantage of our reliable services.