If you find yourself in a situation where you owe more on your mortgage than your property is currently worth, you might feel like you have limited options. Whether you are in the middle of a bidding war and overpaid for the property or you have fallen behind on your mortgage payments, being upside-down on your mortgage is not an ideal situation for homeowners. But there are several things you can do if you are upside-down on your mortgage in Texas.
With so many decisions ahead, being fully informed and weighing the benefits of each will help you feel confident in the action you take. So read on as we explore four things you can do if you are upside-down on your mortgage in TX.
Assessment
First and foremost, it is essential to get a realistic picture of your situation. Contact your lender to determine the exact amount owing on your mortgage and schedule a professional appraiser to get an accurate market value of your property. This information will help you make an informed decision about what to do next.
One option is to sell your property directly to a professional buyer. Companies like Hill REI Estate Sales have experienced negotiators who can work out a fair deal for a short sale with your lender, allowing you to sell your property without going through foreclosure or bankruptcy. A direct sale to a professional buyer can save you time and money, as you can skip the prep, cleaning, and repairs required when listing your property on the market.
Short Sale
When you sell your property directly to a professional buyer like Hill REI Estate Sales, you won’t have to pay any hefty real estate commissions, and there are no hidden fees. The company’s full-service in-house team of industry specialists means that you won’t have to pay any closing costs either. Plus, professional buyers can provide a fast, guaranteed closing date, ensuring that you get paid quickly and can move on to your next chapter in life.
Pay the Difference
Another thing you can do if you’re upside-down on your mortgage in TX is to sell the property and bring the amount owing to the closing table to pay off the remainder of the mortgage. With a direct sale of your TX house to professional buyers like those at Hill REI Estate Sales, you’ll get a fair value and won’t pay any hefty real estate commissions. At Hill REI Estate Sales, our professional buyers operate with total transparency. At Hill REI Estate Sales, there are no hidden fees, and because of our full-service in-house team of industry specialists, you won’t pay any closing costs, and we can provide you with a fast, guaranteed closing day. Or talk to your professional buyer from Hill REI Estate Sales about selecting the best calendar date for your closing.
At Hill REI Estate Sales, our professional buyers are the best option if you are upside-down on your mortgage in TX and need to sell. At Hill REI Estate Sales, our professional buyers stop everything and listen to sellers to help find the best resolution for your situation. Feel free to ask us any questions or express any concerns you may have about the process of a direct sale of your TX house. At Hill REI Estate Sales, we are your neighbors who live and work alongside you, and we are proud of the work we do helping TX sellers with unique and individualized solutions, one seller, one property at a time. So why learn more about the difference a direct sale of your house can make by talking with a professional buyer from Hill REI Estate Sales for yourself without obligation? Call Hill REI Estate Sales at 817-442-2669.
The option of a buy-out could work for you if you’re on a deadline, and you really need to have the house cleared out so that it can get on the market ASAP, also if the condition of the house and the condition of the personal property does not warrant an estate sale on the premises.
Your estate sale may not have been a huge success, but that doesn’t mean you’re stuck with the unsold items! Hill REI Estate Sale’s Compelete buyout option is a win-win situation – we’ll take the items off your hands and give them a second chance, and you’ll get some extra cash. 🤑
Learn more about this option! For more information please contact us at 817-442-2669 or visit https://www.hillreiestatesales.com/