No Equity

Are You Struggling to Sell Your House With No Equity? We Can Help! 

If you’re having trouble selling your house with no equity, don’t worry – you’re not alone. Many homeowners find themselves in this situation and feel helpless and frustrated. After all, you need to generate enough cash from the sale of your house to pay off any existing mortgages or liens but it’s hard to do when you don’t have any equity. Fortunately, there are ways to get out of this sticky situation – and we can help! 

What Does No Equity Mean? 

First, let’s go over what no equity means when it comes to selling a house. Equity refers to the difference between what your home is worth and how much is still owed on any mortgages or loans taken out against the property. If the amount owed on a mortgage or loan exceeds the current market value of your home, then you have no equity in it. This means that even if you sell your house at its current market value, you won’t be able to pay off all outstanding debts on it – leaving yourself owing money after closing costs and other associated fees are taken into account.  

What Are My Options? 

So what can be done if you find yourself in this position? Well, there are several options available that can help make selling your home easier and reduce stress levels while doing so: 

1) Short Sale: A short sale is a type of real estate transaction where a bank agrees to accept less than what is owed on an existing loan when selling a home – allowing you as the homeowner some relief from financial obligations without having to take out more debt or suffer credit damage due to foreclosure proceedings.  

2) Cash for Keys Program: This is another option for homeowners who owe more than their property is worth – allowing them an opportunity for relocation assistance by allowing them an agreed-upon sum if they vacate the premises by an agreed-upon date (usually within two weeks). The amount paid will depend on how much work needs to be done on the property following move-out but could potentially cover moving expenses as well as some of your outstanding debt obligations.   

3) We Buy Houses Companies: Finally, we buy houses companies offer cash offers for homes with no equity. However most companies do not actually buy your house, they wholesale it to someone like us. We actually will be the ones purchasing your house, and we will be the ones who remodel it. This means that sellers don’t have to worry about making repairs or dealing with foreclosure proceedings due to excessive debt obligations remaining after closing costs are taken into account (as these companies will buy homes in ‘as-is’ condition). They often provide quick closing times too – so sellers can move on with their lives sooner rather than later!  

We Can Help!   

At RS Profesional Homes we understand how difficult it can be trying to sell a house with no equity – which is why our team strives tirelessly each day to help homeowners just like yourself achieve their goals quickly and effectively. Our experienced professionals specialize in providing cash offers for homes with little or no equity so don’t hesitate if this sounds like something that might benefit you – get in touch today for fast answers about how we might be able to help make selling your home easier! Just give us a call, or fill out our online form and let us know about your property and we can give you an offer within 24 hours!