How to Sell a House With No Equity in Los Banos and Surrounding areas

Equity is a driving force in building wealth, and selling your house before building any equity can be disheartening and sometimes leaves sellers owing money at the closing table. So read on as we explore selling a house with no equity in Los Banos and Surrounding areas. Most homes today don’t have much equity.

Short Sale

What is a short sale:

To put it simply, a short sale transaction is a sale of a property in. which the outstanding debt (in the form of mortgages – such as purchase loans, refinance. loans, home-equity loans, or one of the various other types of loans secured by your. property) was more than the price for which the property was sold. This is happening more and more these days. Tom and Nancy Buy Houses take this into consideration when we offer you a price.

Why would someone do a short sale?

A home goes into short sale when the homeowner realizes that they can no longer afford to keep up with their mortgage payments. Instead of waiting for the bank to foreclose on the home, the homeowner initiates the short sale process by submitting an application to the mortgage lender.

After attaining the approval of their lender to sell for less than the amount still owing on the mortgage, short sales allow homeowners to sell a house with no equity in Los Banos and Surrounding areas. In this real estate transaction, you’ll be doing a great deal of leg work to get offers approved, as the lender agrees to accept less than you owe for the mortgage, avoiding foreclosure. Expect your credit score to lower for the short sale, but not as low as a foreclosure would take it, and the information will appear for seven years. As for attaining a new mortgage, you may need to wait for one to four years, depending on many factors, unlike with a foreclosure, where the consequences are more severe. Professional buyers like those at Tom and Nancy Buy Houses are highly seasoned local investors who want to help their neighbors here in Los Banos and Surrounding areas sell their houses for the most profit in the way that is most beneficial to personal and financial circumstances. At Tom and Nancy Buy Houses, our professional buyers will advise you of what they believe is the best way to sell your house with no equity, no matter how you decide to sell.

Why is a short sale risky?

Short sales are a mixed bag for the buyer, the seller and the lender. If you’re a seller, a short sale is likely to damage your credit — but not as badly as a foreclosure. You’ll also walk away from your home without a penny from the deal, making it difficult for you to find and pay for another place to live. Tom and Nancy Buy Houses understand this and will try and help you out with money in your pocket. This is one way of selling your house with no equity.

Owner Financing

What is owner financing?

In owner financing, also known as seller financing, the owner and buyer agree on the purchase terms. After both parties sign the paperwork, the buyer can move into the house and take possession of the property. Each month, the buyer makes a payment to the owner.

Why would someone offer owner financing?

Owner financing is a popular option for borrowers because it can make it easier to finance the purchase of a home. Sellers might opt for owner financing to expedite the closing process and collect interest rather than taking a lump sum payment.

Which is an example of owners financing?

Second mortgage – If a would-be buyer can’t qualify for a traditional mortgage for the full purchase price of the home, one version of owner financing entails the seller offering a second mortgage to the buyer to make up the difference.

What is the difference between owner and nonowner financing?

In general, non-owner-occupied properties have a higher interest rate. The reason is that they are owned by investors who do not intend to live there at all. Compared to owner-occupied properties where the owner’s home is held as collateral, real estate investors are more likely to not make their monthly payments.

One way to sell a house with no equity in Los Banos and Surrounding areas is by finding a willing owner-financing buyer. These buyers typically don’t qualify for conventional loans and need time to get their finances together. There are many benefits to selling through owner financing if you’re willing to take on the risks of working with this category of buyers. Being mindful of the laws governing real estate, you can make a quick sale and earn an income stream from the property, while the buyer is responsible for the property, which reverts to you should they walk. In addition, you could take a financial hit if they vacate and leave your house in disrepair. Professional buyers like those at Tom and Nancy Buy Houses can help you weigh the pros and cons of owner financing. Our professional buyers at Tom and Nancy Buy Houses will detail the numbers you could expect to earn and the risks involved to help you understand the best sales method for your house, given your circumstances. Tom and Nancy Buy Houses understand situations and we also do owner financing. This is another way to sell a house with no equity.

Direct Sale

Selling your home direct simply means that you’re selling it directly to an investor, a house flipper, or even someone you know who wants to buy the home. You typically don’t market the property at all. You may see a sign advertising someone is looking to buy homes, or you may talk to someone about buying the house. Tom and Nancy Buy Houses gives you all these options to choose from.

What does property direct mean?

Direct property investment is any real estate investment held either directly through direct ownership on the title or indirectly through collective ownership vehicles like managed property investments. Direct property investments may be residential, commercial, industrial, retail, or any other property asset.

The best way to sell a house with no equity in Los Banos and Surrounding areas is by making a direct sale with a guaranteed closing within just days; ask us about a flexible date. You can avoid the hassles of a short sale or foreclosure altogether. Furthermore, you won’t need to worry about spending a penny out of pocket to prep or make repairs by selling directly to a professional buyer like those at Tom and Nancy Buy Houses. In addition, you can skip the entire showing process with a direct sale because we buy houses in as-is condition at Tom and Nancy Buy Houses, and our professional buyers pay cash for houses with no equity making the process fast and easy. Finally, we’ll compare our offer to all your options so you can make an educated decision because the professional buyers at Tom and Nancy Buy Houses want you to feel good about working with us long after closing. You won’t pay commissions, and there are no hidden fees; our offer is the amount paid at closing because of our full-service in-house team of industry specialists. Your best option to sell a house with no equity in Los Banos and Surrounding areas is a direct sale to a professional buyer at Tom and Nancy Buy Houses. Call Tom and Nancy Buy Houses at 559-715-1651.


Tom and Nancy Buy Houses will help you determine the right way to help you when you are selling a house with no equity. Tom and Nancy have several options to help you.

Going through a foreclosure, don’t worry, don’t stress, you aren’t alone, so don’t be ashamed, your not alone. Call Tom or Nancy at 559-715-1651 to discuss what we can do for you.

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