Owing more than the market value of your house can be a challenging situation, especially if you need to sell quickly due to personal or financial reasons. It can feel overwhelming to tackle the sale of a house while already under stress. However, being aware of your options can empower you to make the best decision on how to sell the property, ultimately impacting your profitability. Keep reading to discover how to sell your house in Tennessee if you are facing this scenario.
Commissions
Commissions add up fast when you’re trying to sell your house in Tennessee if you owe more than it is worth, and may leave you owing money at the closing table. However, professional buyers like those at Premise Home Solutions never charge commissions, and there are no hidden fees when you sell your house directly. Instead, at Premise Home Solutions, our local professional buyers offer in cash the exact amount you’ll have in hand after closing. And you won’t pay closing costs because at Premise Home Solutions, our professional buyers provide a full-service in-house team of industry specialists to handle everything quickly and efficiently, allowing us to offer a guaranteed closing date, often within days. Or talk to your professional buyer at Premise Home Solutions about selecting the best day for your closing, and we’ll work with you.
Prep and Repairs
Optimizing your property to attract buyers and maximize profits is crucial in the real estate market. However, the time and financial investments required for repairs and preparations may not be feasible, especially when selling your home in Tennessee with an outstanding balance exceeding its value. At Premise Home Solutions, we offer a viable solution by presenting a detailed comparison of potential profits from upgrades and traditional listing versus our direct purchase offer for your property in its current condition. Selling directly to a professional buyer at Premise Home Solutions eliminates the need for inspection concerns and shifts the burden of repairs to us. By choosing this route, you can bypass the staging process and showings typically associated with a traditional sale.
Current Market Value
If you find yourself struggling to keep up with mortgage payments and facing the looming threat of foreclosure from your lender in Tennessee, it is crucial to act swiftly. In situations where selling your home seems inevitable but the outstanding amount exceeds its current value, opting for a short sale may be the most viable solution. This is where experienced professionals like those at Premise Home Solutions can provide invaluable assistance. Our team of seasoned negotiators specializes in guiding you through the short sale process, steering you away from the perils of bankruptcy or foreclosure. By collaborating with your lender, we strive to mitigate the adverse repercussions of inaction that could significantly impact various aspects of your life, including your credit score.
A direct sale to a professional buyer at Premise Home Solutions is the best way to sell your house in Tennessee if you owe more than it is worth. With a straightforward process that is fast and simple, the professional buyers at Premise Home Solutions and their team are proud of their work here in Tennessee and operate with a policy of total transparency. At Premise Home Solutions, our professional buyers and their team are your neighbors here in Tennessee, and we care about our community and helping the people. That is why at Premise Home Solutions, we want you to have the information you need to make an educated decision because we want you to feel good about the deal long after closing. Call Premise Home Solutions at 423-331-6110.