Times are tough for everyone these days. While some people may look like they’re doing quite well for themselves, the truth is that far too many people have found themselves having trouble making ends meet. Unfortunately, that has led some homeowners to fall behind on their mortgage payments. If you’re one of them, have you ever considered selling your house to a home buying company?
If Your Home Is Worth More than You Owe
Sometimes a home’s value increases so that it becomes worth more than what you owe on it. If that’s the case, you may be in luck. You aren’t underwater regarding what you owe, so you may be able to sell your home and use the profits from the sale to pay back your lender. If that’s the case, you shouldn’t have trouble selling your house to a home buying company. You don’t normally need your lender’s permission for this.
If Your Home Is Worth Less than You Owe
On the other hand, if your home is worth less than what you owe, you’ll have to have a conversation with your lender before trying to sell it. This is referred to as a short sale, since you’ll almost certainly end up with less money from the sale than what you owe, shorting the lender. The lender will need to agree to a short sale before you can move forward. If they do, you should be able to sell your house to a home buying company.
Selling Your House to a Home Buying Company
Home buying companies like Sierra Housing Solutions can be the best buyers if you’re behind on payments and need to sell your house. We make it a point to ensure that our offers are fair based on the house, its condition, its location, and other factors. We also don’t waste your time with multiple showings or a lengthy closing process. If you need to sell your house fast to avoid foreclosure, Sierra Housing Solutions could be the perfect solution for you.
Discovering that you’ve fallen behind on your mortgage payments so far that you need to start seriously considering selling your house can be difficult to come to terms with. It’s certainly not how you meant for things to go. Still, if you just need a chance to start over, selling your house to a home buying company just might be the opportunity you need.
Ready to sell your home? Click here to take the first step towards getting an offer from Sierra Housing Solutions today!