Selling Because of No Equity?
The "low equity"
situation is the most common we run across. In most cases,
the homeowner has tried to sell their home "for sale by owner"
without any luck. The next step is to list it through an
agent. In order to cover the agent's commissions and
additional closing costs, they have to increase the price.
Since the price was increased, the
likelihood of selling is reduced. Even if it does sell, what
little equity you have is eaten away by the commission and closing
Some real estate agents
may even refuse to list your house because there isn't
enough equity to pay their commissions!
You don't have to
give away your equity to a real estate agent, no matter how small it is!
We purchase homes with
little equity and in many cases are able to return much of that hard earned equity to the homeowner who deserves it the most.
Another thing you won't
have to worry about is paying a mortgage payment on a house you don't want.
will take this burden off your hands.