Best Practices for Selling Your HouseThough mortgages are written for 30 years on average, that doesn’t mean you must stay in the home for 30 years. Sell, if you’d like, and pay off the mortgage before you move on to the next living situation.

Sell your house fast – Dallas TX: While a mortgage contract is a binding document and obligates the signer to pay monthly until the entire amount is paid off, it still isn’t necessarily a permanent that can’t be changed. If you signed a mortgage loan that allows you to prepay the full amount of principal without penalty, you can decide to sell your house and pay off the mortgage, and then move on to other locations to take a better job, or to find a house with smaller payments. Perhaps your original home is now too large for you now that the kids have grown up and moved out. You can move and settle into a more appropriate type house for your current circumstances.

Since your mortgage may still be in effect even after all these years, check the details to see if you can get out of it without penalty by paying it off as soon as you sell the house. If so, you’re on your way to a simpler life in a more size appropriate home.

Why keep a 5 bedroom house with 3 baths when all of your children have moved out and even the grandchildren are two states away and don’t visit often. You may want to do what so many retirees do and sell the large house. Since your mortgage may still be in effect even after all these years, check the details to see if you can get out of it without penalty by paying it off as soon as you sell the house. If so, you’re on your way to a simpler life in a more size appropriate home.

  • With such a large number of homes for sale and the prices dropping to well below what they once were, how about buying a house for less money than what you owe on your current mortgage?
  • Owning a 3 bedroom, 1 bath home with a mortgage balance of $250k might be fine for now, but what if you could find a 4 bedroom, 2 bath house with large fenced yard and garage for less than what you owe on your current mortgage? 
  • The easiest way to get this done is to sell your house to a real estate investor, pay off your mortgage, and buy the better house.

With such a large number of homes for sale and the prices dropping to well below what they once were, how about buying a house for less money than what you owe on your current mortgage? Owning a 3 bedroom, 1 bath home with a mortgage balance of $250k might be fine for now, but what if you could find a 4 bedroom, 2 bath house with large fenced yard and garage for less than what you owe on your current mortgage? That’s not such a bad idea, and is entirely possible in today’s real estate market. The easiest way to get this done is to sell your house to a real estate investor, pay off your mortgage, and buy the better house. The results could be a lower mortgage payment and more comfortable living space for your family. It’s the best of both worlds.

The great thing about selling to a real estate investor is the speed at which they can operate once you decide you will accept their offer. They have either cash or lines of credit with which to make their purchases and can often get the closing deal finished within a week. That leaves you free to go on with your life.