Liquidation of your assets can be an intimidating process. However, the process can be a relatively easy solution to significant financial problems.
An individual may choose to liquidate their possessions to pay off debts, convert assets to cash for spending, or re-allocate funds. You might liquidate a vacation home to pay for your child’s college; you may want to boost your retirement nest egg. Whatever the reason, liquidating your assets can be a legitimate means to an end.
What does it mean to liquidate assets?
Assets are items that have value. When your debts begin to outweigh your assets, liquidation or selling off your assets can help you remain financially stable. When your assets are liquidated, they are converted into cash. This cash can be used to repay debts.
If I have to liquidate my assets, do I have to sell everything I own?
Property comes in two general classes: real estate and personal. Both types can be liquidated but assets such as homes and land are highly liquid. While not liquid, real estate property can be used as currency for its sale.
When should I liquidate my assets?
If you are going through bankruptcy, liquidation can be used to pay off your debts. A court-appointed trustee determines what can be sold to pay off your debts. Depending on what you owe on the property you list in the bankruptcy, a trustee may decide to not liquidate anything— or everything. You may be concerned that you will be left with nothing, but not to worry, bankruptcy law does not let that happen.
How HomeGo helps you liquidate your real property.
Deciding to take charge of liquidating your house with HomeGo means the undertaking will be less cumbersome and save you unneeded stress. Liquidating your house through a broker or realtor can be a long, drawn-out process. While liquidating with a traditional realtor could take months, HomeGo can close the deal on your home in just seven days. You can still receive the highest-possible cash amount for the property, even if it needs repairs. We will buy your house as-is.
Here’s how you sell your house fast with HomeGo:
- Call us or fill out our form. There’s no paperwork and no fine print.
- Schedule a 10-minute walk-through of your home with a HomeGo agent. You tell us when to show up and we’ll get it done quickly and provide you with a cash offer.
- Accept our offer and move today, tomorrow, or in a few months. You decide!
Having to liquidate your assets is certainly not a simple process, and can cause extra strain during an already stressful period of your life. Luckily, HomeGo offers a straight-forward process that is designed for your benefit. That means no real estate hassle, no closing costs, and no waiting around. You have the power to make asset liquidation a lot easier, so let us help you get started.