You might have bought your dream home and envisioned happily ever after, but needs change as the years pass by. Being stuck with mortgage payments on a home you no longer want or need can be a complete burden, and it can take a toll on your mental well being month after month. Check out some of these amazingly helpful tips we compiled for those homeowners out there that are thinking, “I want to sell my house fast in Houston, Texas, and get rid of these stressful mortgage payments.
Sell It Fast
One way to get out of your pesky mortgage is to sell to a direct buyer for cash. Move On House Buyers works closely with people all over the Houston metropolitan area to sell their home quickly and painlessly.
Selling your inherited property can save you a small fortune in the long run, especially when property maintenance fees, taxes, homeowners insurance premiums, and other payments are considered. The advantage of working with cash home buyers in Houston like Move On House Buyers is you can sell right away without waiting for several months testing the market.
Hire An Agent
You can definitely sell your house without a realtor, and at times it can save lots of money on costs and fees to do everything on your own. If you are okay with paying agent commissions, waiting for a buyer to scoop up your house, and doing some repairs, hiring a real estate agent can be the best option. Those that want to exit their mortgage right away are better off selling their home directly to cash home buyers in Houston. While agents can be expensive, working with our team at Move On House Buyers can seem like a dream in comparison.
Rent It Out
Sure, you might technically still be paying your mortgage payments each month, but renting out your home is a more-than-viable option that will essentially feel as though you are free.
Finding steady and reliable tenants can help you pay off your home in the long run, rescuing you from those dreadful recurring payments.
That being said, managing a property can be lots of work, and not everyone is cut out to be a landlord. Some homes aren’t even fit to be a rental property, but that is up to you to decide. With the right tenants nad a great property management company, you can pay off your home while living elsewhere.
Passing on your unwanted property is worthy of consideration if you truly don’t want to be on the hook for mortgage payments anymore. This doesn’t necessarily mean you have to give it away for free, you just have to find someone like a family member or friend to assume the payments themselves.
You can sell the home to someone based off of what you owe so your debts get paid off while helping someone get a real steal of a deal at the same time. Letting someone take that property off your hands means a win-win situation for all involved.
Rent To Own
A rent to own agreement will increase the pool of available buyers in your area, making it possible for cash-strapped folks to pay as they go. You won’t recoup the price you paid for the home right away, but you will guarantee yourself some passive income for the next few years.
Once the agreed-upon rental period is finished, the tenant will be given the option to purchase the home from you. If they can’t buy your home, the house will stay in your name and you can continue to rent it out or find a permanent buyer.
Don’t stress out, there is no shortage of options to get out from underneath the crushing mortgage payments you have incurred. Move On House Buyers of Houston, Texas is happy to help you make a quick and hassle-free deal for your home should you choose to sell, while giving you a fair price!