For a multitude of reasons many Americans find themselves needing (or wanting) to sell a home with little or no equity. This means that the amount owed on the home is more than or too close to the current value of the home to sell traditionally without having to pay out of pocket to sell the home.
These reasons can include divorce, job transfer, health issues, second mortgages, HELOCs, new
construction loans, and simply paying too much for the home when purchased.
The cost to sell a home can add up quickly. When one plans to sell many additional fees need to
factored into the equation. Some examples would be realtor fees, early or pre-payment penalties, closing costs to the attorney, inspections, and repairs. Buyers also look for fresh paint and updated finishes. This can be a huge financial burden to a seller. Luckily, we have programs that allow us to purchase homes with little, no, or even negative equity without costing you a dime. We can close quickly or wait until you have relocated, you dictate the timeline. We will never ask for repairs or strenuous inspections.
If you would like an offer on selling your home with limited or nonexistent equity with nothing out of pocket, CLICK HERE.
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