
Honey, you have to sell your house… That was what his mom told him after the divorce. “It’s the only way you can get back on your feet..” That was the beginning of a story that one of my clients told me a few years ago. That was where the story for him started. A Divorce. A once happy home now had to be sold, and they owed more than it was worth. In the real estate market to come, people who have to “sell your house” because they owe too much will be rising. Then, just like in 2008, it will be much harder to sell your house.
For some people, it’s losing a job. For others, it’s a divorce, and yet for others, it is a job transfer out of state. No matter the reason, when you have to sell your house in Tucson when you owe more than it’s worth; you have to make some serious decisions, quickly.
Finding yourself in a situation where you are trying to sell your house in Tucson AZ; but owe more on your house than it is currently worth can be an unfavorable position. Especially if you are considering selling your property quickly due to personal or financial reasons. The stress of dealing with the sale of a property under such circumstances can be overwhelming.
Nevertheless, being aware of your options can give you a sense of control and enable you to make an informed decision about how to sell your house in Tucson, which can significantly impact your overall profit.
This article will guide you through the process to sell your house in Tucson when you owe more than its market value, providing you with essential insights to make a successful sale. So read on as we explore how to sell your house in Tucson if you owe more than it is worth.
Commissions
Trying to sell your house in Tucson AZ for a profit can be challenging, especially if you owe more than its current value. But, professional buyers like Karl Buys Houses can help you avoid the hassle and expenses of traditional real estate transactions. Chances are, if you have purchased your home recently, rising interest rates have made it very difficult to sell your house in Tucson.
If you owe more on your home than it’s worth, you may believe that you cannot sell your home in Tucson because the commissions involved would make it impossible for you to pay off your loans. While that may be true, each circumstance is unique. With over 25 years of active real estate experience, we have had the experience and knowledge base to know how to handle your particular challenge.
Unlike a traditional real estate agent, we don’t charge any commissions or hidden fees. Our local team of industry specialists will handle everything quickly and efficiently, guaranteeing a hassle-free closing experience. With Karl Buys Houses, you can receive a fair cash offer for your house in just a few days, and we can close on a date that suits your schedule. Contact us today to learn more about how we can help you sell your house in Tucson.
Prep and Repairs
To maximize your profit when selling a house, it’s important to make necessary repairs and prepare the property to appeal to potential buyers. However, this can be a daunting and costly task, especially if you’re selling a house in Tucson and owe more than it’s worth.

If you are trying to sell your house in Tucson but owe too much; this article provides helpful links and real world experience!
In a real estate market that is rapidly changing, Traditional Buyers who have to pay more for homes, will expect that the home is in tip top shape. Anything that is wrong with a home prior to sale will need to be fixed prior to sale. Otherwise, most Buyers will overlook your home because of it’s deficiency, OR because there are better homes for sale at a more competitive price.
In such cases, Karl Buys Houses can help you weigh the benefits of making improvements and listing versus selling your property directly to them. By choosing to sell directly to a professional buyer like Karl Buys Houses, you can eliminate the need to worry about inspections and repairs, as well as avoid the hassle of showings. Let their team of experts handle the risks and complexities, so you can enjoy a stress-free and profitable sale.
Current Market Value
If you’ve fallen behind on payments and are at risk of foreclosure, it’s important to act quickly. However, if you’re unable to cover the shortfall when you are trying to sell your house in Tucson that’s worth less than what you owe, a short sale may be your best option. In such cases, Karl Buys Houses can help you navigate the short sale process and avoid the negative consequences of inaction, including bankruptcy or foreclosure, all at no cost to you as our fees are paid by your lender. As a licensed Real Estate Broker in the State of Arizona I am licensed to help you in this area.
A short sale, is a circumstance where the property owner is trying to sell a home in Tucson that they owe too much on. Generally speaking, a homeowner who has purchased a home within the past 2-3 years has not generated enough equity to sell the home .
For example, if a homeowner purchased a home for $300,000 in the Spring of 2021, and has seen their value increase nominally, or if the rising interest rates have caused the value of the home to reduce to $290,000, the Homeowner would be responsible for the $10,000 difference. A short sale is where the homeowner sells the property for the current market value, and attempts to secure debt forgiveness from the Lender.
Arizona itself is what is called a “anti-deficiency State.” This simply means that in most cases, the Lender cannot come after the homeowner for the $10,000 that was unable to be collected. It must be written off as a loss by the lender. This results in what can be a “taxable event” if the lender issues out a 1099 for the $10,000 loss to the Seller, but that is not always the case. Check with your local tax preparer or attorney for more information.
Their professional buyers are experienced negotiators who can work with your lender to minimize the impact on your credit score and overall financial health. Don’t wait until it’s too late – trust Karl Buys Houses to guide you through a seamless short sale process and secure your financial future.
Sell Your House In Tucson AZ
A direct sale to a professional buyer at Karl Buys Houses is the best way to sell your house in Tucson if you owe more than it is worth. With a straightforward process that is fast and simple, the professional buyers at Karl Buys Houses and their team are proud of their work here in Tucson and operate with a policy of total transparency. At Karl Buys Houses, our professional buyers and their team are your neighbors here in Tucson, and we care about our community and helping the people. That is why at Karl Buys Houses, 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 Karl Buys Houses at 520-403-6227.