Many homeowners wonder if it is possible to sell their house if they still have an outstanding mortgage balance. The short answer is yes, one can sell one’s house even with a mortgage balance. However, there are several things you should take into consideration before you start the home-selling process.
Selling a home in Milwaukee or surrounding areas can be a time-consuming and discouraging process. However, at Fair Deal Home Buyers, we help make the process easy and hassle-free without worrying about making any repairs. We buy houses in Wisconsin in "as-is" condition and pay all cash - no hidden fees or strings attached.
First things first, it is important to understand your mortgage terms. Mortgages differ and come with varying conditions and clauses. For example, prepayment penalties or restrictions on early sales. Talk to your lender to make sure you understand your mortgage and how it might affect the sale of your property.
Assess your home’s market value
You’ll also want to know your house’s market value, because it will affect your selling strategy, which includes the listing price and marketing costs. To accurately assess your home's value, consider talking to a professional. To get a valuation, you can also put your address in Google and do a search, which will pull up websites like Zillow, Realtor.com, Redfin, and others.
Pay off your mortgage
If possible, you could pay off your mortgage entirely; however, not everybody has that much money on hand. But if you can do this, you will eliminate the mortgage lien, which will make the sale much more straightforward.
Sell with an assumable mortgage
Some mortgages are assumable, meaning the buyer can take over the existing mortgage when purchasing the property. If you have an assumable mortgage, it can be an attractive selling point. Buyers may find it appealing, especially if your mortgage terms are favorable compared to current market conditions.
Short sale option
If the housing market is not in your favor, and you owe more on your mortgage than your home's current value, a short sale might be a viable option. In a short sale, the lender agrees to accept less than the total amount owed on the mortgage. While it can negatively impact your credit score, it can help you avoid foreclosure and the associated consequences.
Talk with your lender
Whatever strategy you choose, you should communicate with your mortgage lender. Tell them about your intentions and keep them updated throughout the process. They might be able to help you navigate around any potential problems and can make the process run smoothly.
Work with a cash buyer
Perhaps the simplest and fastest way to sell your house is to sell to a cash buyer. Cash buyers like us do not need third-party lenders because we have the money in the bank. This means we can quickly make an offer. What’s more, when you sell to a cash buyer you don’t have to put your house on the market and pay realtor commissions and other fees. We also help our clients navigate the home-selling process by assisting with paper work and mortgages.
If you find yourself needing to sell your house quickly and want to work with trustworthy home buyers who offer fair deals and exceptional service, Fair Deal Home Buyers are definitely the way to go. I couldn't be happier with the outcome. Give them a call, and you won't be disappointed.
Fair deal home buyers are a life savers, I had an urgency to sale my parents house that I inherited and had some complications with the POA but Amir Erez was so helpful speeding up the process with their lawyers and in three weeks they closed on my house and I got cash in my hand to be able to move on. Thank you guys for your help. Definitely recommend it.
Our experience selling our home with Fair Deal Home Buyers was a positive experience. They were quick, efficient, and worked with us, even though we were no longer in town.
We had such a great experience working with Nina. She made the process so easy! She presented our options clearly so we were able to make an informed decision to sell our house quickly. She listened to us and paid attention to every detail - HIGHLY recommend!
I had the pleasure of working with Fair Deal Home Buyers, and I must say it was a fantastic experience from start to finish. If you're in a situation where you need to sell your house fast, I highly recommend giving them a call.From the moment I reached out, their professionalism and expertise were evident. They walked me through the entire process, answering all my questions and concerns with patience and clarity. It's clear that they truly understand the real estate market and the needs of homeowners.What sets Fair Deal Home Buyers apart is their commitment to integrity. In an industry where trust can be hard to come by, they prove themselves as reliable and honest home buyers. There were no hidden fees or surprises along the way, just a straightforward, fair deal.They made the entire selling process incredibly convenient. Unlike traditional real estate transactions, when something small came up they were on top of it and helped navigate and resolved the issue. Fair Deal Home Buyers streamlined everything, making the sale efficient and stress-free.Furthermore, their responsiveness was outstanding. They kept me updated every step of the way, ensuring I felt comfortable and informed throughout the process. It's clear that they prioritize their clients' satisfaction.In summary, if you find yourself needing to sell your house quickly and want to work with trustworthy home buyers who offer fair deals and exceptional service, don't hesitate to contact Fair Deal Home Buyers. They made what could have been a daunting experience a breeze, and I couldn't be happier with the outcome. Give them a call, and you won't be disappointed.
I highly recommend Fair Deal Home Buyers. They are a pleasure to work with, have great customer service and are highly professional.We really enjoyed working with the team and I highly recommend them!
I have been working with Fair Deal for 5 years now as an independent contractor providing interior design and staging services. They have always been a pleasure to work with. Top notch communication, timely payments, and a complete team approach to project management.
My experience with Fair Deal Home Buyers was initially marred by a challenging issue. However, their professionalism and dedication in resolving it transformed my perception entirely.I encountered an unexpected problem during the sale of my house. It seemed like an insurmountable hurdle at the time, causing frustration and anxiety. But when I turned to Fair Deal Home Buyers for help, they showed unwavering support.Their team demonstrated remarkable problem-solving skills. They assessed the situation diligently and came up with a creative solution that not only addressed the issue but also exceeded my expectations. Their commitment to resolving the problem promptly was impressive.What truly stood out was their transparency throughout the process. They kept me informed at every step, ensuring I understood the steps being taken to resolve the issue. This open and honest communication built trust and alleviated much of the stress I was experiencing.In the end, Fair Deal Home Buyers didn't just salvage the situation; they turned it into an opportunity for a successful sale. Their dedication to customer satisfaction was evident throughout, and they left me not only with a resolved issue but also with a positive impression of their professionalism and integrity.If you find yourself facing challenges during the home-selling process, I wholeheartedly recommend reaching out to Fair Deal Home Buyers. They demonstrated their commitment to solving problems and ensuring a fair deal, even in the face of unexpected difficulties. It was a lesson in professionalism and a testament to their dedication to their clients.
Fair Deal Home Buyers were a pleasure to work with. If you're seeking to sell your house quickly, don't hesitate to give them a call. They are reliable and trustworthy home buyers.
I've always been amazed at the professionalism and the level that they take their education and knowledge in helping people sell their home as seamless as possible.
Through out the entire process Nena and the rest of the staff went above and beyond to assist me with the selling of my property. It was a pleasure to work with them and would definitely recommend them.
My wife and I decided to downsize recently. We bought a small condo in Mequon and were looking to sell our 4 bedroom house in Brown Deer. Instead of fixing, cleaning and listing for sale with a real estate agent, we decided to sell the house "As Is".We had received 4 offers. Fair Deal was most professional and easy to work with. Zak, Peter and Jeanne were very helpful in every step of the way.From offer to offer review stage and closing (and all steps in between), Fair Deal made it very easy (and hassle free, without any delays) for us to conclude the sale of the house.Anyone looking to sell a house in today's market, I recommend Fair Deal very highly.Harshad Shah
Working with Peter and his team was great. Although we did not end up selling our home because the house we were looking at fell through, I would recommend anyone with unique circumstances trying to sell their house give them a call.
Fairdeal home buyers made this process so much easier for me and my family. It was an amazing experience. They worked with us in anything we needed. I would definitely Recommend them to my friends and family
As a buyer from fair deal, I would recommend them! They were fast in their communication, kind in their interactions and clearly seems to have everyone’s best interests at heart. Working with Tiffany was a great experience. I love working with people who are kind, fair and clear in their communication. I’d recommend them to others, and have! -Dave
Fairdeal Home Buyers is an outstanding company. The process with them was seamless with no surprises at all. They closed in a timely fashion and I received my asked for my property.
I am very happy with the service I have receive from Fair Deal Home Buyers. The whole procces has been very simple and easy to understand. I'm moving in from out of state and i don't think I could have found a easier and better way to move in to my new home. Thank you so much.
I recommend Fair Deal Homebuyer well detailed information about what to expect from them it was fast deal they offer and we agree .It was really fast and fair
They are great to work with. Professional, kind, responsive and straight forward. I learned getting a cash offer for a house does not have to be complicated or take a long time, thanks again!
