We Buy Houses Philadelphia

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Flexibility on Financial Terms Can Lead to Higher Selling Price

A Buyer might be willing to pay more for your house if he or she can take over your current mortgage, or if you are prepared to provide seller financing.

Assumable Mortgage:  If a home buyer can assume your present mortgage without having to qualify with a mortgage company, your home might sell for a higher price than a similar house without an assumable mortgage.  Check with your mortgage company to see if your mortgage is assumable.

Seller Financing:  The home seller becomes the bank in this example.  For example if the seller owns the house free and clear (no mortgage) and the seller does not need cash now (typical home sale), then seller can have the home buyer makes equal, monthly payments until the agreed upon selling price is paid off.

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April 1, 2011 - Posted by | Uncategorized | ,

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