We would be remiss if we didn’t start by telling you that we buy houses, even when they’re upside down and need repairs. Our over a decade of expertise with hundreds of purchases helps us carve out the right structure that truly helps you achieve your picture perfect. We don’t leave valuations to chance, so we will help you understand each of the value types for your property. Yes, there are 3 value types; Retail, Cash, and Creative. Most people know about the traditional way; Retail value. Retail value is listing the property with an agent on the MLS, paying the standard 6%, paying the average 2.1% of closing costs, a few dozen walk throughs, price negotiations, the buyer gets an appraisal done to make sure the value is there… Retail works for a lot of property types, but if you don’t have equity and don’t want to come to the closing table with money out of pocket, there’s a better way!
Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house instead of waiting out a market turnaround for values to rise, you may feel backed into a corner. Understandably you don’t want to make a costly misstep when faced with this dilemma, so exploring your options is helpful.
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 Ohio.
Assessment
The first thing you can do if you are upside-down on your mortgage in Ohio is to get a realistic picture of where you stand. Then, contact your lender for the amount owing on the mortgage and schedule a professional appraiser so that you’ll work with exact numbers. Columbus Cash Buyers is well connected in the area and happy to refer you to one of our top appraisers.
Professional buyers like those at Columbus Cash Buyers want you to make an educated decision about your future, so they’ll compare what you could earn from listing vs. our offer to buy your house directly as-is for cash, and you can skip the prep, cleaning, and repairs. At Columbus Cash Buyers, our professional buyers provide all the details used to calculate our offer because we want you to agree it is fair and feel good about working with us long after closing.
Short Sale
Naturally, you want to try every option if you are upside-down on your mortgage in Ohio; while a short sale has some consequences, they don’t compare to the fallout from claiming bankruptcy or a foreclosure on your credit record. Professional buyers like those at Columbus Cash Buyers are highly seasoned negotiators who can work out a short sale with your lender. A direct sale to one of our professional buyers at Columbus Cash Buyers makes it easy to solve your home selling troubles in Ohio.
Pay the Difference
Another thing you can do if you’re upside-down on your mortgage in Ohio 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 Ohio house to professional buyers like those at Columbus Cash Buyers, you’ll get a fair value and won’t pay any hefty real estate commissions. At Columbus Cash Buyers, our professional buyers operate with total transparency. At Columbus Cash Buyers, 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 Columbus Cash Buyers about selecting the best calendar date for your closing.
At Columbus Cash Buyers, our professional buyers are the best option if you are upside-down on your mortgage in Ohio and need to sell. At Columbus Cash Buyers, 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 Ohio house. At Columbus Cash Buyers, we are your neighbors who live and work alongside you, and we are proud of the work we do helping Ohio 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 Columbus Cash Buyers for yourself without obligation? Call Columbus Cash Buyers at (614) 665-5353.