What do you do when the cash offer is less than what you owe to the bank? Should you take it and bring money to the table?
I’ll tell you how to sell any property as-is for cash, and why you should accept an offer – and when you shouldn’t say no.
Selling My House for less than I owe in Baltimore, Maryland
If you’re selling a property in Baltimore but you have a mortgage on it, some times the cash offer might be less than what you owe on the home.
When the Title Company runs a title check, they will see what liens are owed on the property. The Mortgage is one of the liens that will most likely have to be paid off.
This isn’t news.
Most people often have two or three house transactions through out the course of their lifetime, and on rare cases you might have an issue where the mortgage payoff is more than the cash offer.
At Charm City Property Solutions we ask you personally how much is your home mortgage, because our primary goal is to give you the most money possible.
In most cases, we’ll cover your mortgage balance for your Baltimore, Maryland property.
The Benefits Of Selling Your House For Less Than I owe in Baltimore, Maryland
The benefits of a cash sale are real:
- No more Mortgage payments
- Avoid Foreclosure
- Debts will be removed from your credit profile
You don’t have to deal with the hassles of waiting months for a buyer to get a approved from an underwriter, only to be told that the buyer does not qualify in the final hour.
You don’t have to list your house with a realtor, make minor fixes, and pay commission, closing costs, carrying costs, etc.
You don’t have to deal with a lot of people just waisting time and scoping out your property for fun. We know how valuable your time is and we respect it!
You don’t need to move, make repairs, or even paint. We take properties completely as-is. You won’t waste money on movers or contractors.
You don’t need to deal with any confusing paperwork. We have it all covered by our closing attorney.
Working With A Reputable Baltimore House Buyer / Investor
Always make sure that your cash buyer is reputable. At Charm City Property Solutions, we offer great references of past sellers we’ve helped in our Client Reviews, we can show you examples of some of the latest projects we’ve worked on, and we’ll be happy to answer any questions you have so you feel comfortable.
We pride ourselves on being a strong part of the Baltimore community. Our local mission is to help local Baltimore Maryland homeowners who need to sell your Baltimore house fast do it quickly, at a price fair to you, and to help improve the beauty of neighborhoods one house at a time.
If you’re wondering about selling my house for less than I owe in Baltimore, Maryland or just need to sell a property near Baltimore, we can help you.
We buy properties like yours from people who need to sell fast.