When you owe more on your mortgage than the current market value, you’re upside-down. It’s a tough spot to be in, whether due to overpaying or falling behind on payments. If you need to sell your home but can’t wait for the market to recover, explore your options. Understanding what it means to be upside-down is crucial, and finding a solution is essential. With the right help, you can navigate the situation and make an informed decision to move forward with your life.
To make the right decision, you need to be fully informed and understand the benefits of each option. Therefore, keep reading to discover four things you can do if you’re upside-down on your mortgage in Arizona.
Assessment
If you’re upside-down on your mortgage in Arizona, the initial step is to assess your situation accurately. Contact your lender to determine the amount owing on the mortgage, and hire a professional appraiser to provide you with precise figures. Obtaining an accurate picture of your financial standing can assist you in exploring your options and making informed decisions. Taking these actions can provide you with the information you need to move forward confidently.
Upside down on your mortgage in Arizona? Learn what it means and your options. #Arizona #Mortgage #RealEstate
At Karl Buys Houses, we understand that making informed decisions about your future is essential. Our professional buyers compare what you could earn from listing your home versus our offer to buy it directly as-is for cash. By working with us, you can avoid the hassle of preparing, cleaning, and repairing your home. We want you to feel confident about the offer we make, which is why we provide all the necessary details to calculate it. Our goal is for you to agree that the offer is fair and to feel satisfied with your decision to work with us, even after the closing.
Short Sale
If you’re upside-down on your mortgage in Arizona, exploring every available option is crucial. While a short sale may have some consequences, it’s preferable to the fallout of claiming bankruptcy or facing a foreclosure that could damage your credit record. At Karl Buys Houses, we’re a licensed Real Estate Brokerage in the State of Arizona, and our professional buyers are experienced negotiators who can help you work out a short sale with your lender.
Unlike many investors who aren’t licensed, we’re here to guide you through the process and provide a fair offer to buy your home directly. By working with us, you can easily solve your home selling troubles in Arizona and move forward with confidence..
Pay the Difference
Are you upside-down on your mortgage in Arizona? Selling your property and paying off the remainder of your mortgage could be a wise choice. Professional buyers like Karl Buys Houses offer fair value for your home, and you won’t have to worry about hefty real estate commissions. We believe in total transparency, so there are no hidden fees. Additionally, our full-service in-house team of industry specialists means you won’t have to pay any closing costs, and we offer a fast, guaranteed closing day. Plus, you can select the best calendar date for your closing by calling us today. As a licensed Real Estate Brokerage in the State of Arizona, Karl Buys Houses can provide you with the guidance and support you need to make an informed decision and move forward confidently.
At Karl Buys Houses, our professional buyers are the best option if you are upside-down on your mortgage in Arizona and need to sell. At Karl Buys Houses, our professional buyers stop everything and listen to sellers to help find the best resolution for your situation. Feel free to ask us any questions or express any concerns you may have about the process of a direct sale of your Arizona house. At Karl Buys Houses, we are your neighbors who live and work alongside you, and we are proud of the work we do helping Arizona sellers with unique and individualized solutions, one seller, one property at a time. So why learn more about the difference a direct sale of your house can make by talking with a professional buyer from Karl Buys Houses for yourself without obligation? Call Karl Buys Houses at 520-403-6227.