Anyone asking to “sell my house” would not want to sell their home and have to write a check to the bank to finish the deal! But what could a homeowner do if their Casa Grande house has no equity? You might just be asking, how can I sell my house with no equity in Casa Grande, Arizona City, or Maricopa, AZ?
If a house was purchased in the end of 2021 or 2022, chances are that the house is worth less than the purchase price. When you sell your house before building any equity, it can leave you owing money at the closing table and that would be very disheartening. Read on as we explore selling a house with no equity in Casa Grande, Arizona City or Maricopa, AZ.
Short Sale
What is a Short Sale? A short sale is when a mortgage lender agrees to forgive the remaining balance of the loan to help sell the property. This means they will accept a mortgage payoff amount that is less than what is owed by a financially distressed owner. Once the homeowner gets the approval of their lender to sell for less than the amount still owed on the mortgage, they can then sell the house with no equity.
In this real estate transaction, you’ll be doing a great deal of leg work to get offers approved so that the lender agrees to accept less than what you owe for the mortgage then selling the house, thus avoiding foreclosure. You can expect your credit score to lower for the short sale, but not as low as a foreclosure would take it, and the information will appear on your credit for seven years. If you are thinking of getting a new mortgage, you may need to wait for one to four years, depending on many factors. You may not get a new mortgage after a foreclosure, where the consequences are more severe.
Professional buyers like Rusty and Susanna of Pinal County House Buyer are highly seasoned local investors who want to help their neighbors here in Casa Grande, Maricopa and Arizona City sell their houses for the most profit in the way that is most beneficial to personal and financial circumstances. Rusty and Susanna provide free advice about of what they believe is the best way to sell your house with no equity, no matter how you decide to sell. You can reach them at (520) 261-6116 to talk about your options.
Owner Financing
Another way to “sell my house fast” with no equity in Casa Grande or other cities in AZ is by finding a buyer who is willing do an owner-financing option. There are many benefits to selling through owner financing if you’re willing to take on the risks of working with willing buyers. Being mindful of the laws governing real estate, you can make a quick sale and earn an income stream from the property, while the buyer is responsible for the property, which reverts to you should they walk. Professional buyers like Rusty and Susanna of Pinal County House Buyer can help you weigh the pros and cons of owner financing. They will detail the numbers you could expect to earn and the risks involved to help you understand the best sales method for your house, given your circumstances so you could successfully “sell my house fast” with no equity in Casa Grande, Arizona City or Maricopa, AZ.
Direct Sale
The best way to that you can “sell my house fast” with no equity in Casa Grande, Arizona City or Maricopa, AZ is by doing a direct sale. This will guarantee you closing within just days since you can ask us for a flexible date. You can avoid the hassles of a short sale or foreclosure altogether. Furthermore, you won’t need to worry about spending a penny out-of-pocket to prep or make repairs by selling directly to a professional buyer like Rusty and Susanna of Pinal County House Buyer. In addition, you can skip the entire showing process with a direct sale because we buy houses in as-is condition, and pay cash for houses with no equity making the process fast and easy.
Finally, we’ll compare our offer to all your options so you can make an educated decision to “sell my house fast” because we want you to feel good about working with us long after closing. You won’t pay commissions, and there are no hidden fees; our offer is the amount paid at closing because of our full-service in-house team of industry specialists. Your best option to sell a house with no equity in Casa Grande, Arizona City and Maricopa, AZ is a direct sale to a professional buyer — Pinal County House Buyer. Contact Rusty and Susanna now at (520) 261-6116.