One of the more frequent hurdles in selling homes these days is when people ask if they can sell a house with a lien on it? The short answer to this question is – yes. A house can be sold when there is a lien or judgment on the property. However, when there is a lien on the house, the steps to this process can be confusing and rather frustrating for people in this precarious position. Take our quiz below to see where you stand:
In Texas, real estate agents are not required to give you property value unless you sign a contract with them. In no circumstances should you sign a contract with a real estate agent if you’re trying to sell a home with a lien. You’re already going to have to lose a large portion of your profits – so why pay a real estate agent and closing company as well?To find out more about how much your house is worth, check out this article.
Figure out the price of the listing with an agent and the cost of paying lien fees, closing costs and any additional expenses. The fact is that when you’re selling a house with a lien, you’re most likely going to take a tremendous loss on the value of the home. This can and usually is increased when you hire a real estate agent, pay for closing costs, paying additional fees for home repairs, new carpet, and additional expenses.
Research and find a company that handles as is properties and will help you reduce the liens and judgments of the sales. Believe it or not, there are a few reliable and trustworthy companies like this who will purchase homes and provide their owners with a quick and market-value sell of their property without collecting huge percentages of their profits. To find out more about how we work with sellers who have liens, click here.
How to Sell a House with a lien on it
In many cases, the liens can be paid with the proceeds from the house as long as there is equity in the house.
Big State Home Buyers helps our clients through this process at little or no out-of-pocket cost to them.
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