Equity is a driving force in building wealth, and selling your house quickly before building any equity can be disheartening and sometimes leaves sellers owing money at the closing table. So read on as we explore selling a house quickly with no equity in Lafayette.
Short Sale
After attaining the approval of their lender to sell for less than the amount still owing on the mortgage, short sales allow homeowners to sell a house quickly with no equity in Lafayette. In this real estate transaction, you’ll be doing a great deal of leg work to get offers approved, as the lender agrees to accept less than you owe on the mortgage, avoiding foreclosure. 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 for seven years. As for attaining a new mortgage, you may need to wait for one to four years, depending on many factors, unlike with a foreclosure, where the consequences are more severe. At Lafayette Cash Home Buyers we are highly seasoned local investors who want to help their neighbors here in Lafayette sell their houses quickly for the most profit in the way that is most beneficial to personal and financial circumstances. At Lafayette Cash Home Buyers, we can advise you of what we believe is the best way to sell your house quickly with no equity, no matter how you decide to sell your home.
Owner Financing
One way to sell a house quickly with no equity in Lafayette is by finding a willing owner-financing buyer. These buyers typically don’t qualify for conventional loans and need time to get their finances together so this could take awhile and you might not have that kind of time. There are many benefits to selling through owner financing if you’re willing to take on the risks of working with this category of 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, as most do. In addition, you could take a financial hit if they vacate and leave your house in disrepair. Lafayette Cash Home Buyers can help you weigh the pros and cons of owner financing. Lafayette Cash Home Buyers 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 current circumstances.
Direct Sale
The best way to sell a house quickly with no equity in Lafayette is by making a direct sale with a guaranteed closing within no time, we have flexible closing dates so you can chose what fits your schedule best, and you can avoid the hassles of a short sale or foreclosure altogether, so your credit is not harmmed. Furthermore, you won’t need to worry about spending a penny out of pocket to prep or make repairs by selling directly to an investor like those at Lafayette Cash Home Buyers, as we purchase your home in as-is condition. In addition, you can skip the entire showing process with a direct sale at Lafayette Cash Home Buyers, and we 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 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. Your best option to sell a house quickly with no equity in Lafayette is a direct sale to a real estate invesor. Call Lafayette Cash Home Buyers at (337) 366-0230.
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