How to Sell Your House with
Little or No Equity
Traditionally in real estate sales, the seller pays most of the cost of the transaction. Typical costs can be real estate commissions for both the buyer’s and seller’s agents, title insurance, escrow fees, real estate taxes, and often even fees for the buyer’s new loan!
Typically, these costs run about 10% of the negotiated selling price...sometimes more. If a FHA buyer is involved, it could cost the seller an additional 3%! That means that for every $100,000 in the selling price, between $10,000 and $13,000 will be taken out of your pocket at closing. $10,000 to $13,000 per hundred is a bitter pill for any property owner to swallow. No wonder many sellers simply cannot afford to sell under these conditions.
If you’ve bought your property with 100% financing in the last 5 to 10 years, most likely, you don’t have enough equity to cover the minimum closing cost, let alone all the new stuff that is getting piled on. Even if you put up a 5% or 10% down payment at the time you bought the property, you still may be “underwater” due to declining markets and no or negative appreciation.
We don't force anyone to pay closing costs. That’s the reason many people have found us to be their best solution.
At Midwest Real Estate Pros, we have solutions for many different situations – yours could be one of them. If your property meets our buying criteria, we can buy your property even if you cannot afford to pay the costs of selling; we may even cover those closing costs for you.
Discover Ways We Can Help
We pay cash and close quickly. We'll make you an offer on your property over the phone. Sign up today, and you'll also get a FREE report "How to Sell Your House Fast in Today's Market."
Discover Ways to Sell Your Property FAST Even if…
“Don't be afraid to give up the good to go for the great."
— John D. Rockefeller
"You can dream, create, design, and build the most beautiful place in the world, but it requires people to make it a reality."
“If one advances confidently in the direction of his own dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.”
— Henry David Thoreau.
"The only failure lies in failure to start."
—Harold Blake Walker