Low or 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 costs.
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.
We will take this burden
off your hands.
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