Mortgage Forbearance Ending Soon? It’s Time to Put Your Home on the Market

In response to the economic fallout of the COVID-19 pandemic in the United States, President Donald Trump signed The Coronavirus Aid, Relief, and Economic Security Act (CARES) into law on March 27, 2020. In addition to providing increased unemployment benefits and forgivable loans to small businesses, the CARES Act granted mortgage assistance options to homeowners with mortgages backed by the federal government or a government-sponsored enterprise. As of June 28, an estimated 8.39 percent of loans were in forbearance. 

If your mortgage forbearance is ending soon, you may have found yourself asking, “How can I sell my house fast in Tampa?” That’s where Ethical Home Buyers comes in. Read below to learn more about how our investment company can get you back on track financially with your mortgage lenders and get your house on the market. 

Related: How the Great Shutdown is Impacting the Real Estate Market

Why Now Might Be the Best Time in Years to Sell Your House 

It should come as no surprise that, between the continued threat of growing COVID-19 cases, a wobbly economy, and skyrocketing unemployment, many people who hoped to sell their home this summer are either postponing the sale or throwing in the towel entirely. The irony of the situation, however, is that a number of real estate experts are predicting that this summer may be one of the best times to sell your home in years. With the buyers far outweighing the sellers in the housing market, there’s no better time to be a seller.

According to the National Association of Realtors®, after months of decline, pending home sales shot up 44.3 percent in May — the highest jump since 2001 when the index began. And that’s not all. Single-family home prices actually increased in most markets during the first quarter of 2020. Home asking price growth is higher now than it was before the COVID-19 pandemic. And while continued spikes in unemployment rates are a cause for concern, the economy is showing slow signs of a steady recovery.

Related: Selling Your Home in the Age of Coronavirus 

Get Peace of Mind With an Instant Cash Offer

At this point, you may be left wondering, “How can I sell my house in Tampa as soon as possible?” Many homeowners have already tried the traditional method of selling their home with a real estate agent and failed. Other homeowners are worried about whether the condition or location of their house will make it less likely to sell on the market. At Ethical Home Buyers, we can provide an offer on your home in as little as 24 hours, regardless of its condition, area, or price range. 

While a real estate agent will require your home to be inspected, repaired, renovated, and shown to prospective buyers one at a time, we’ll provide you with payment for your home upfront before investing in the repairs and upgrades needed for it to sell on the market. The only thing you have to do is sit back and request a cash offer. 

Have you been thinking, “I need to sell my house fast in Tampa”? At Ethical Home Buyers, we buy homes for cash! For more information, submit our contact request form or give us a call at (813) 458-7355.