One of the Most Common Questions I receive is ‘What If I Can’t Afford to Sell My House?’
What if I can’t afford to sell my house?
The real estate market in Austin, Texas, is currently healthy as prices have been going up and inventory has been going down.
However, that doesn’t mean that the traditional way of selling your house by using a Realtor who finds a buyer that qualifies for a mortgage still works for every home seller.
Here’s an example of a distressed seller I run into almost every week:
- Sale Price: $150,000
- Mortgage: $155,000
- Deficiency: -$5,000
- Closing Cost (7.5%)- $11,250
- Total Out of Pocket Cost to Sell Their House: -$16,250
- The goal of this seller was to sell her house fast, at a fair price, without having to come out of pocket and without damaging her credit.
Many of these types of sellers may even have some positive equity and still have to come out of pocket due to closing costs.
Traditional real estate doesn’t always work, especially in these situations.
In fact, this distressed home owners would rather let her houses go into foreclosure than pay the deficiencies / closing costs. Foreclosure is the worst thing that can happen to a person’s credit and every step should be taken by real estate professionals to provide alternatives to foreclosure.
Rather than hiring a Realtor, why not work with a real estate investor who uses ‘out of the box’ strategies to assist Central Texas homeowners with selling their houses quickly?
At Hippie Hollow Homes, we assist home owners in this type of situation…even if you have negative equity!
We have participated in more than 1,200 real estate transactions in Central Texas using non-traditional methods.
And we were able to help the lady above meet her goals by selling her house quickly, above market price, without damaging her credit…
And she didn’t have to pay us a dime!
We’ve experienced just about everything you can experience when selling a house in Austin, Texas, and we’ve been able to overcome.
Need to sell your Austin House Fast? Contact Us Today by clicking here.
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