6 posts tagged with "selling-a-house"
When you inherit or buy a house that Great Grandma owned you may find it is more trouble than it’s worth. Whether we are talking about your grandma or someone else’s grandma, the house that was fine for her is not fine for people in the 21st century. You may find yourself selling a house that Great Grandma owned without remodeling it.
Selling a house can be a nightmare especially if you are a first-time home seller. Despite the guaranteed headache due to staging, listing, buyer meet-ups, and paperwork, many homeowners still opt for a DIY solution. Read on and find out why.
Nobody likes to owe more on an asset than it’s worth. We call that “being upside down” when we’re talking about cars and trucks, but when the same thing happens with a house it’s called “negative equity.” Selling a house with negative equity is not fun, but it may become necessary.
Of all the reasons we might have, selling a house to take a new job is one of the happiest and best reasons of all. When the future holds the promise of more pay and more satisfaction in your career, getting your home sold is just one task that needs to be completed before moving.
Unless you enjoy construction work, including demolition and haul-off, the thought of remodeling before selling a house is probably not too exciting. Even so, many people do it. They spend the time, money and effort and bear the inconvenience so that future homeowners can enjoy a fresh, new home.
You still own the house until the foreclosure process is final, which means you still have the right to sell it. At closing, when your buyer provides money to buy the house, all the back payments and balance you owe on the mortgage will be repaid to the lender. That is an ideal situation, but you may need to consider your alternatives.