How can you sell your house fast even if you have no equity in the property?
It can be done, however a Realtor may not help you.
What you need is a company that can specialize in such situations to help you unload your property quickly.
Let me share a scenario to sell your house with zero equity to a company like us.
We are professional home buyers in Virginia but our reach via the Internet extends nationwide.
Zero Equity Short Sale
Short sales are one option.
This short sale process is not fast, but it something that you can explore if you are tying to consider all your options.
Read our section on Short Sales to get an idea as to all the work involved.
If you have two mortgages, we may only have to short the second particularly if the second mortgage is with a different mortgage lender.
But they will only negotiate if the first mortgage lender is behind. That is how we create the equity needed to complete the sale of your house.
Disclaimer: This information is for educational purposes and may not be applicable in all states, nor may it be all the options available to help you sell your house fast with zero equity.
Another popular option is to setup a lease option or a rent to own situation with a future buyer.
A future buyer with slightly dinged credit will want to lease your house while their credit recovers. This implies all sorts of
- credit screening
- employment screening
- criminal background checks
- plus more.
The paperwork to setup a lease option correctly can be intimidating to someone who has never done it.
Virginia laws tightly regulate this activity to protect homeowners from falling prey to unethical investors.
Likewise, if you are not aware of these laws yourself, you may set yourself up for a giant fight between you and your future buyer.
You can choose to do this on your own, or you could use the partner services of my company to help you do a lease option in a compliant manner with the laws of Virginia.
We can help.
Call us at 804/719-1489, or fill out our offer form and we’ll be in touch within few hours, normally.
In a 10 minute confidential phone interview, we might be able to discuss other options that can help you in your situation.