There are many reasons why you may need to sell your home that has little or no equity. Perhaps you’re facing an out-of-state move. Maybe you realize that you need more space and your current home just isn’t right for your needs. Or maybe impending medical bills will make your current payment unfeasible so you need to find a more affordable home. No matter your situation, it can be incredibly difficult to sell your home when your home has little or no equity. Luckily, there are solutions available and in today’s blog, we offer some advice on how you can make the most out of your home, no matter how little equity you have in it.
Learn how to sell your home that has little to no equity.
How to Sell Your Home That Has Little or No Equity
What counts as little to no equity?
Homeowners who have less than 20% equity may find it difficult to sell their home. Having substantial equity in your home helps to cushion you from some of the costs that come with selling your home as things like agents’ fees, commissions, and closing costs quickly add up to around 8-10% of the total purchase price. If you have less than 20% equity in your home, it will be difficult to break even by selling your home.
How can you sell your home that has little to no equity?
Many homeownership advice blogs will tell you that you are better off keeping your home if you possibly can. They recommend finding money for repairs so that you can rent your home out until you have earned enough equity to sell. However, this is not always feasible for everyone. What if you don’t have the resources to find money for repairs? What if you don’t want to deal with the hassles of being a landlord? No matter your situation, Grays Home Solutions can help.
At Grays Home Solutions, we will buy your home no matter how much you owe. We can work with you to find a solution for your situation and come up with an agreement that works for everyone. Best of all, we do so quickly and without high fees charged by traditional real estate transactions. In fact, when we buy your home, you won’t pay a thing and we’ll even pay your closing costs! Want to learn more? Give us a call today and find out how Grays Home Solutions can help you sell your home that has little to no equity.
Sell Your Home With Grays Home Solutions
Interested in learning more? Use our fast response contact form or call us at 240-347-3141 to tell us about your as-is Hagerstown home. We’re a free service and we’re here to help!