Low or No Equity?
The "low equity" situation is the
most common we run across. In most cases, the homeowner has
tried to sell their home "for sale by owner" without any luck.
The next step is to list it through an agent. In order to cover
the agent's commissions and additional closing costs, they have
to increase the price.
Since the price was increased, the likelihood of
selling is reduced. Even if it does sell, what little equity
you have is eaten away by the commission and closing costs.
Some real estate agents may
even refuse to list your house because there isn't enough equity
to pay their commissions!
You
don't have to give away your equity to a real estate agent, no
matter how small it is!
We purchase homes with little equity and in many
cases are able to return much of that hard earned equity to the
homeowner who deserves it the most.
Another thing you won't have to worry about is
paying a mortgage payment on a house you don't want.
We will take this burden off your
hands.
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