Owing more than your house is worth is not a favorable position if you should need to sell, even more so if you are under pressure to sell quickly for personal or financial reasons. Often already under a great deal of stress, taking on the sale of a house can seem like an overwhelming proposition. However, understanding your options can help you feel confident in your final decision about how you sell the house, which can significantly impact how much you profit. So read on as we explore how to sell your house in Lynchburg VA if you owe more than it is worth.
Current Market Value
If you decide to sell your home through a traditional sale, pricing it competitively is crucial. When you owe more on your mortgage than your home is worth, it can be tempting to set a high asking price to cover your outstanding balance. However, this strategy can backfire and leave your home on the market for months without any offers. Instead, we recommend pricing your home based on its current market value. This will help you attract more potential buyers and increase your chances of selling your home quickly.
A comparative market analysis commonly known as a CMA helps professionals to determine home values in Lynchburg VA. This is done by the comparing the sales price of similar properties located near yours. If the comparable properties surrounding the home have features that the property is lacking, these predetermined values would be deducted from the average selling price of the most likely properties.
It would be wise no matter which way you decide to sell your home, to have your own CMA performed. Then you’ll be aware of the value of your home, based on the current actual market value. By doing so, you can avoid being shocked or insulted at what you may feel is an insultingly low offer from a buyer.
If you would like to have a CMA of your Lynchburg VA home please call us at 434-390-2906 to schedule a time.
Prep and Repairs
It’s best to make repairs and prep the house, making it attractive to buyers to earn the highest potential profit. However, it takes a great deal of time and money to take these steps, which may not be a realistic goal when you need to sell your house in Lynchburg VA if you owe more than it‘s worth. Professional buyers like those at Linken Investments will detail what you could profit from making improvements and listing vs. their offer to buy your house directly as-is. A direct sale to a professional buyer at Linken Investments means you don’t need to worry about passing an inspection, we’ll take on the risks and cost of repairs. And you can skip the prep and hassles of showings when you sell directly to a professional buyer at Linken Investments. Call or Text 434-390-2906 for more information.
If you’ve fallen behind on payments and you hear the distant rumbling of foreclosure from your lender, it is best to take quick action. However, you may find you can’t afford to pay the difference if you need to sell your house in Lynchburg VA and you owe more than it’s worth. Professional buyers like those at Linken Investments can help you through the process of a short sale to avoid bankruptcy or foreclosure. At Linken Investments, our professional buyers are highly seasoned negotiators who will work with your lender to help you avoid the negative consequences of inaction that can drastically affect your life in many ways, including your credit score.
A direct sale to a professional buyer at Linken Investments is the best way to sell your house in Lynchburg if you owe more than it is worth.
With a straightforward process that is fast and simple, the professional cash buyers at Linken Investments and their team are proud of their work here in Lynchburg and operate with a policy of total transparency. At Linken Investments, our professional buyers and their team are your neighbors here in Lynchburg, and we care about our community and helping the people. That is why at Linken Investments, 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 Linken Investments at 434-390-2906.
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Linken Investments LLC is a local Cash Home Buyer in Lynchburg, VA, serving Lynchburg area homeowners since 2005. We have been helping individuals sell their properties in the Lynchburg area quickly and efficiently, leveraging our extensive knowledge and expertise in the local real estate market.
As licensed realtors in the state of Virginia, we provide our clients with multiple options to sell their homes on their terms and at the highest possible price. Whether you are looking to list your property on the MLS or sell it fast and hassle-free, we have got you covered. Our years of experience and commitment to honesty and integrity make us the go-to choice for Lynchburg homeowners looking for a stress-free sales experience.
Linken Investments can buy your home exactly as it is, you don’t need to clean paint or fix a thing. We pay all cash and close fast. Think of all the time and money that can save you. There’s no easier or quicker way to sell your Lynchburg house fast and get on with the next chapter in your life. Call or Text 434-390-2906 for more information