Maybe you’re sick of your old, rundown house and want out ASAP, or perhaps you’ve inherited a property and would rather sell than live in it. Whatever the case, you’re wondering, “How can I sell my house fast in Queens, NY?”
If the house has a mortgage, you can sell it, but you’ll need to go through a few steps before you do. Below, learn how to sell a house with a mortgage the easy way.
How To Sell a House With a Mortgage
It’s possible to sell a house with a mortgage, and in fact, doing so is extremely common. Here’s how to sell yours.
- Request a loan payoff quote. This quote tells you how much you’ll have to pay the lender to release the mortgage lien. Your new mortgage lender will probably request this quote for you.
- Perform a home equity calculation to figure out how much equity you’ve built up with the property. For example, suppose you bought your house for $300,000 and it’s now worth $400,000. Your home investment equity would be $100,000.
- File for a homestead exemption if you’ve filed for Chapter 7 bankruptcy. You won’t be able to sell your house without this exemption.
- Choose a good time to sell. If it’s a buyer’s market, that means buyers are spoiled for choice when it comes to potential properties, which translates to lower offers. You may want to wait for the tides to change to your advantage.
- Market and sell the home. Now you’re ready to put your house on the market. To attract the most buyers and the highest offers, you’ll have to spruce it up and make repairs. Don’t want to deal with the hassle? Consider selling and making a title transfer to a cash buyer, such as Simply Sold. We buy houses in any condition.
- Repay your lender once the home has sold. You’ll also need to pay off any tax liens, buyer financing such as second mortgages, mechanic’s liens, and home equity lines of credit (HELOC) on the property, in addition to closing costs.
Want To Offload Your House Fast? Work With Simply Sold!
If you’d like to sell a house with a mortgage, there’s no need to deal with the hassle of making repairs, marketing the property, and fielding rock-bottom offers from lowballing buyers. Simply Sold makes the selling process remarkably easy. Here’s why to choose us instead of selling the traditional way:
- We’ll make you a guaranteed cash offer no matter the condition of your property. No need to spend thousands on repairs before you sell.
- You can get an offer in 24 hours or less. That’s far quicker than waiting for the perfect buyer to come along.
- No commissions and no closing fees, ever.
- We close on your timeline. There’s no rush and never any pressure.
Get Your Fair Cash Offer Today
If you want to sell a house with a mortgage, there’s no easier way to do it than working with Simply Sold. You can sell your house as-is today, no wallet-draining repairs necessary. Give us a call at (866) 408-4952 to get a quote now.
About the Author: jecelyn
