Anyone asking to “sell my house” would not want to sell and then write a check to the bank at the closing table. But what can a homeowner do if their Casa Grande house has no equity? This comes up in Casa Grande, Arizona City, and Maricopa more than people admit.
If a house was purchased near the end of a hot market, it may be worth less than the purchase price. Selling before you build equity can leave you owing money at closing. Here are the paths we walk through with neighbors.
Short sale. A short sale is when a mortgage lender agrees to accept a payoff that is less than what you owe. You still have to get the lender’s approval, and you do a lot of legwork. A short sale typically hurts credit less than a foreclosure, but it can still show for years and may affect how soon you can get another mortgage.
Owner financing. Another way to sell with little or no equity is finding a buyer willing to do owner financing (sometimes called seller finance). You can sometimes create an income stream, but you also take on risk if the buyer stops paying. We can help you weigh the numbers and the legal realities before you go that route.
Direct sale. For many people who need to “sell my house fast” with no equity in Casa Grande, Arizona City, or Maricopa, a direct sale is the cleanest option. You choose a flexible closing date, skip showings, and you don’t spend money prepping or repairing the house. We buy as-is, pay cash, and compare our offer to your other options so you can decide with your eyes open.
You won’t pay commissions, and there are no hidden fees. Our offer is the amount we intend to pay at closing, minus any mortgage payoff or other encumbrances on the property. If you want to talk through your Casa Grande numbers, call Rusty and Susanna at (520) 261-6166.
What do you have to lose? Get started now.
We buy houses in ANY CONDITION in Arizona. No commissions. No fees. No obligation.