House Seller Options
What are Some House Seller Options?If you are seeking to sell your house in this tough economy, then you may require some ‘out-of-the-box’ options.Traditionally, if you were interested in selling a house, you would simply call a Realtor. The Realtor would then market your house on the Multiple Listings Service in order to find a buyer who could qualify for conventional financing. You would then pay the Realtor a commission that would be funded from your profits.Unfortunately, that method does not work well in this economy for two reasons. First, few buyers are able to qualify for a conventional loan. Second, many sellers have little, no, or negative equity in their house. As such, they can’t afford to come out of pocket to pay the closing costs. Because most house sellers don’t know or understand their options, they will simply let their house go into foreclosure.
House Seller Options to Consider
There are actually quite a few house seller options other than foreclosure to consider:
- Quick Cash Sale
- Owner Financing
- Lease Option
- Short Sale
- Equity Partnering
- Wrap Around Mortgage
- House swapping
To sell your home in a stagnant market, you must understand some of the best house seller options available. Lincoln Heritage Mortgage knows and practices more than just one method.