The best thing that could happen would be to sell the house you are in now, and then move.
We Buy Houses SC: People find that they must move from one house to another or from one location to another, and a problem arises when you are committed to the mortgage for your current house, but will have to buy or rent another when you move. This is a very mobile society we live in today, so it’s quite common.
There is often a dilemma that occurs in this instance, however, because one must figure out how to stay in the current house while putting a down payment or rental deposit and first month’s rent on the new location. That’s just the beginning if you own your current house and have a mortgage to pay on it. The best thing that could happen would be to sell the house you are in now, and then move. This would mean you’d have to pay a double payment perhaps once, and then you’d be free of the former mortgage.
That may work if you can wait to move. You could stay in your current home until it sells, and move after that deal is sealed. In most cases, however, that is a luxury you can’t afford. If you are moving because you must start a new job somewhere distant, you have signed a contract on a new house and are ready or have already closed, or if you have been relocated to a new base by the military. Perhaps you must move because you can’t afford the mortgage on the current house and are trying to do something about it before foreclosure becomes imminent.
“If the best solution is to sell and you can’t wait to move, you must find a buyer that can buy your house quickly and has the resources to pay cash at closing.”
If the best solution is to sell and you can’t wait to move, you must find a buyer that can buy your house quickly and has the resources to pay cash at closing. Real estate investors can do just that. The established real estate investment firms are either afforded a line of credit with a lender that they can use at their discretion or they have cash resources ready to purchase property when the opportunity arises. This is the best course of action for you to take in this case, as the closing can be done in a week or two if there are complications.
Getting a discounted price for your property may not be such a bad thing if you can’t afford to keep up the house payments on two, plus taxes, insurance, maintenance, etc. When you add it all up, a quick cash sale may be the smartest option you have.
Like this post? Subscribe to my RSS feed and get loads more!