America’s Leading Cash Home Buyers

America’s Leading Cash Home Buyers

How To Sell Your House Without A Mortgage

If you happen to find yourself in a position to sell your home without the weight of a mortgage, you can be in a position to make quite a profit!

If you happen to be in a position where you own your home without a mortgage – congratulations! You are among the few homeowners who are enjoying the benefits of owning their home without ongoing payments dogging their every move. 

The latest data from home buying companies shows that nearly 40% of homes owned were no longer under mortgages. Of those payment-free owners are Baby Boomers, of whom 41% are living without the stress of a mortgage. Millennials homeowners are farther behind – with only 16% being mortgage-free.

While there are plenty of benefits to owning a home without holding a mortgage, one of the best aspects is the ability to sell your home for a much higher profit. Without a mortgage on your home, you can bring in the sales price as almost full profit minus the fees associated with home sales.

How can you sell your home without a mortgage, and why should you consider this financial move? Read on to learn more from the team at Leading Home Buyers.

How To Sell Your Home Without A Mortgage

When it comes to selling your home without a mortgage, the process is quite similar to other home sale methods. The only difference is the lack of having to navigate paying off your mortgage at closing!

To get an idea of how to sell your home without a mortgage, here is short primer:

 

1. Set Your Goals & Expectations

The first step in any home sales process is to do your research. Ask yourself the following questions to make sure you are ready for the home selling process:

  • What are the current market conditions?
  • What will I need to do to get my house ready to sell?
  • What are the comparable homes and properties in my area, and what are their sale prices?
  • Will I work with a real estate agent, or sell on my own?

Once you have answered these questions, you will have a clearer strategy for how you will navigate selling your home without a mortgage.

2. Prepare To Sell

Once you have decided on how you will sell your home, it’s time to set the price you will list at and prepare your home to go up for sale. This may involve steps such as making updates and renovations that will benefit your sale in the current market, and ensuring that your home’s interior and exterior is looking its best.

3. Go Live!

Once you are ready to put your home on the market, it’s time to go live with your listing. Whether you work alongside an agent or choose to sell on your own, you will want to ensure that you have your home listed on both physical and digital listing sites. Make sure your home is listed on sites such as Zillow, Trulia, Redfin, as well as theMultiple Listing Service (MLS).

Once your home listing is live, you will likely start receiving interest. Stay flexible with showings, and work slowly to find the offer that fits your expectations and desires. Should you receive an offer, you can move forward toward a sell – with the added relief that comes from not having to worry about your mortgage being paid off in the process.

Another added bonus of not having a mortgage on your home is the added confidence that comes with the sales price. Depending on the market and your home’s condition, you may find that selling your home requires a bit more creativity than expected.

If you are having trouble landing a buyer for your home, don’t fret. You may benefit from working with a home buyer who is ready to step in and buy your mortgage-free home for cash.

There are tons of benefits to selling your home to a home buyer. Not only can you enjoy the benefits of a fast sale, but you can also be confident that you sale will go through. Without having to worry about a buyer’s financing falling through or the ever-present “cold feet” fear, you can sign on the dotted line and trust that the price you see is the price you will get.

You can also reduce your closing costs by working with a home buying agency. In many cases, home buyers will cover the costs of closing – helping you save even more in your final profit. For those without a mortgage, the benefits of working with a home buyer for cash may be a lucrative option!

4. Close The Sale… And Consider Selling For Cash!

Another added bonus of not having a mortgage on your home is the added confidence that comes with the sales price. Depending on the market and your home’s condition, you may find that selling your home requires a bit more creativity than expected.

If you are having trouble landing a buyer for your home, don’t fret. You may benefit from working with a home buyer who is ready to step in and buy your mortgage-free home for cash.

There are tons of benefits to selling your home to a home buyer. Not only can you enjoy the benefits of a fast sale, but you can also be confident that you sale will go through. Without having to worry about a buyer’s financing falling through or the ever-present “cold feet” fear, you can sign on the dotted line and trust that the price you see is the price you will get.

You can also reduce your closing costs by working with a home buying agency. In many cases, home buyers will cover the costs of closing – helping you save even more in your final profit. For those without a mortgage, the benefits of working with a home buyer for cash may be a lucrative option!

 

Sell Your House Without A Mortgage With The Team At Leading Home Buyers!!

 

If you are mortgage-free, you should absolutely consider taking advantage of the opportunity to sell your home! Not only can you enjoy a lofty profit from the sales price, but you will have that much more money to put down on your next home! If you are downsizing, you may have the unique opportunity to buy your next home with cash – and still have some left over!

Want to learn more about how to sell your home without a mortgage? The team at Leading Home Buyers is ready to help you through the process of selling your home, and our team of Colorado real estate experts are skilled at helping homeowners make their sale at the highest possible price.

Get in touch with our team today by clicking the button below, and learn how you can turn your mortgage-free home into a financial success story!