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How To Sell Your House Directly in Maryland even with a Mortgage

How to Sell Your House Directly in Arlington, Even With a Mortgage

If you have been about selling your home directly for cash but you have an existing mortgage, you may wonder how the process works. You can rest assured it’s common for sellers like you to sell their house directly and receive the remainder of the proceeds in cash after the lender has received the payoff for the mortgage. 

Selling your home can be overwhelming, but you can relax by understanding how easy it is. So read on as we explore how to sell your house in Maryland directly, even with a mortgage. 

Selling your house directly in Maryland

  1. Understand Your Mortgage: Start by reviewing your mortgage terms and understanding any potential implications of selling your house before paying off the mortgage in full. Some mortgages may have prepayment penalties or other restrictions, so it’s essential to be aware of these before proceeding with the sale.
  2. Determine Your Equity: Calculate your home equity by subtracting the outstanding balance on your mortgage from the current market value of your property. If your home’s value exceeds your mortgage balance, you have positive equity, which means you can sell the house and use the proceeds to pay off the mortgage.
  3. Contact Your Lender: Inform your mortgage lender of your intention to sell your house. They can provide you with information on your remaining mortgage balance, any prepayment penalties, and the process for selling the property while still having a mortgage.
  4. Price Your Home Appropriately: Work with a real estate agent or conduct research to determine the fair market value of your home. Pricing your home accurately is crucial for attracting buyers and maximizing your sale proceeds, especially if you need to pay off your mortgage with the sale proceeds.
  5. Consider a Short Sale: If your home’s value is less than the outstanding balance on your mortgage, you may need to explore a short sale option. In a short sale, your lender agrees to accept less than the full amount owed on the mortgage, allowing you to sell the house without having to come up with the shortfall.
  6. Work with a Direct Buyer: Consider selling your house directly to a company like 3StepHomeSale. Direct buyers can purchase your home as-is, even if you still have a mortgage. They handle all the paperwork and can facilitate a quick and hassle-free sale, allowing you to move forward with your plans without delay.
  7. Prepare Your Home for Sale: Regardless of how you choose to sell your house, it’s essential to prepare it for sale by decluttering, cleaning, and making any necessary repairs or improvements. A well-presented home is more likely to attract buyers and fetch a higher sale price.

Some More Tips For How To Sell Your House In Maryland

Remaining Balance

Your first step is to reach out to the lender requesting your payoff balance to sell your house in Maryland directly, even with a mortgage. Of course, the amount they provide will differ from your remaining balance because the accrued interest is calculated in advance and expires within a given period; however, it provides an excellent estimate to calculate your profits. Next, local professional buyers like those at 3StepHomeSale will compare their offer to what you could earn by listing your home on the market. The professional buyers at 3StepHomeSale do this because we want you to make an educated decision with all of the facts in hand, so you’ll agree our offer is fair. And, the professional buyers at 3StepHomeSale don’t charge commissions, and there are never any hidden fees to come off the top of your profits at closing.

Timeline

It’s helpful to understand the timeline when you sell your house in Maryland directly, even with a mortgage. Unlike the uncertainty of listing a home on the market, professional buyers like those at 3StepHomeSale can provide you with a guaranteed closing date. The professional buyers at 3StepHomeSale have the advantage of built-in time and money-saving efficiency with a full-service team of industry specialists, including every pro needed to close swiftly, typically within days. In addition, the professional buyers at 3StepHomeSale are happy to work with you to schedule the best calendar date for the closing to make the process as convenient as possible for sellers; just let us know your plans.

Prepping

Prepping is different when you sell your house in Maryland directly, even with a mortgage.  Because there’s no need to attract buyers, you don’t need to worry about curb appeal or adding a fresh coat of paint. In addition, the marketing costs, professional fees for photographers or stagers, and the hassles of showings are all eliminated through a direct sale. Professional buyers like those at 3StepHomeSale save sellers time, effort, and money. You don’t even need to worry about a final cleaning, just pack and leave the rest to the professional buyers at 3StepHomeSale. 

Repairs

While conventional home sales include prepping and making repairs, you can keep your wallet in your pocket when you sell your house directly in Maryland because professional buyers like those at 3StepHomeSale buy homes as-is. In addition, the professional buyers at 3StepHomeSale will detail the numbers used to calculate the offer to buy your home directly. 

Closing

While traditional closing fees can cost sellers a considerable chunk of their profits, you eliminate the closing costs when you sell your house in Maryland directly, even with a mortgage. 

Professional buyers like those at 3StepHomeSale and their team save you time and money by handling the entire process in-house. And the amount your professional buyer from 3StepHomeSale offers is the amount of cash you’ll receive. There are no surprises when you directly sell to a professional buyer at 3StepHomeSale because we operate with total transparency.


If you’d like to sell your house in Maryland directly, even with a mortgage, talk to one of our professional buyers at 3StepHomeSale today without obligation. At 3StepHomeSale, we understand the importance of clear communication and know it starts with listening. The professional buyers at 3StepHomeSale are seasoned local real estate investors who know that no one knows the selling points of your house the way you do.

At 3StepHomeSale, we understand that many motivations may drive your home’s sale. Whether you’re under a time crunch, facing financial difficulties, or can’t afford the necessary repairs, our passion at 3StepHomeSale is helping our neighbors here in Maryland solve their home selling problems. We’re happy to answer any of your questions or concerns about the process at 3StepHomeSale; our goal is to help you make the most profit from the sale of your home!

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