New homeowner’s mortgages sometimes have a prepayment penalty, a fee charged to the borrower when new homeowners decide to sell their home 1-3 years after they closed their loan. If you are thinking about selling your home early, there are reasons that it makes sense even though you’ll incur an additional fee. An easy solution, in this situation is to explore the web for real estate investment companies that help homeowners who need to “Sell My House Fast”.
If you put a small down payment, then you may be upside down on your mortgage still. This simply means that you owe money to your lending company then you’ll receive by selling the property after you pay closing costs. In this situation, you may need to either rent your home or consider a short sale.
If you do have equity in your home, the first step you’ll need to take before you sell your home is locate a title company such as Compass Land & Title in Tampa and St. Petersburg, FL to find the amount of the total mortgage payoff. This will help you know your current equity position, essentially how much money you’ll get at closing. You can always have the title company do a title search and get a mortgage payoff first in order to understand if you have the money you need to sell your home to cover the loan plus closing costs.
Then you can either hire a real estate agent to help you sell your home or get a cash offer from a reputable real estate investor such as A1 Buyers. If you feel their cash offer for your home is fair, then it will save you a lot of time and save you from paying a large real estate commission.
Call A1 Buyers today for a no obligation cash offer on your home. (844) 565-4155