Q and A: My mortgage is $190,000, selling home for $170,000. Don’t want a short sale; no cash to close. What are options?

By
Real Estate Agent with Decorus Realty DRE# 3207607

www.OnePlaceOpenHouse.com

Unless the buyer is willing to purchase your home for the mortgage balance of $190,000 in addition to paying title and seller fees that are incurred when a property owner sells a property you don't have many options if any at all. Of course if you have a second property that has equity you can borrow against to obtain the cash you need to close or simply take out a personal loan. 

I suggest you speak with a Realtor if you don't already have one better yet if you do I'd still speak with a real estate professional. Selling a home is a huge undertaking and involves more than you may have planned for. As a professional, an experienced and knowledgeable real estate agent, can help you with what works best and what doesn't work so well when selling your home, such as, 

- provide a seller's net sheet of anticipated cost to help determine the selling price 
- provide an objective, fair analysis of your property 
- make recommendations to enhance its saleability 
- increase your market exposure 
- and much more! 

Your only option may be to do a short sale or take it off the market altogether if it can't command a sales price to cover your cost. 

For more information or to speak with one of our Realtors who specialize in working with foreign nationals give us a call at 786-704-8482 or contact us at OnePlaceOpenHouse


When it comes to choosing professionals to assist you with your real estate needs...
Experience is Priceless!  Miami Best Real Estate Team, 786-704-8482 www.OnePlaceOpenHouse.com

 

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The Condo Shop | Decorus Realty

16850 Collins Avenue, Suite 105

Sunny Isles Beach, FL 33160

T: 786.704.8482 | www.TheCondoShopMiami.com

 

YOUR LINK TO LIFE AT THE TOP: penthouselife.com

 

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