2006-12-28 10:04:43 · 8 answers · asked by omarionsgirl1983 4 in Business & Finance ➔ Renting & Real Estate
also this house needs a lot of work
2006-12-28 10:08:35 · update #1
sell it for more than you owe. call a real estate agent they will help you and ask how much you owe
2006-12-28 10:06:06 · answer #1 · answered by Anonymous · 1⤊ 0⤋
People sell their homes with mortgages on them all the time.You'll need to know what your payoff on your mortgage is in order to make sure you ask enough for the house to cover what you owe. A real good realtor is what you need, they take a percentage of the sale but, you get that by adjustig the price you ask for on the house. They will do the advertising, set-up home showings and do open houses for you. All you will have to do is keep your house super clean during the shows and show up to collect your check and sign papers at closing.
2006-12-28 18:10:24 · answer #2 · answered by Rhea B 4 · 1⤊ 0⤋
99% of sales involve an existing mortgage. Just make sure you sell for more than you owe, including any realtor fees and the beloved excise tax (usually just under 2%.)
An escrow/title company handles your closing, and will get the payoff information from your bank and pay off the mortgage before cutting you a check for any leftovers after the realtor, taxes, and closing fees are paid.
As far as repairs, if you dont plan on doing any, make that clear in the listing, but make sure your price reflects that.
2006-12-28 18:11:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Don't forget the cut that the realtors take.. that will come out of what the house sells for as well. And if it needs a lot of work to do, the buyers may request that you fix it before they move in or deduct even more money off of the selling price.
2006-12-28 18:10:59 · answer #4 · answered by 2007 5 · 0⤊ 0⤋
When you sell your house, part of the money you make off it goes to paying off the mortgage. The rest you get to keep.
In order to turn the deed over to someone else, you have to satisfy all liens against the property. Your mortgage company has a lien against the property. So, at the closing, what you owe is paid to the mortgage company out of what the sellers pay.
This is all handled at the closing.
2006-12-28 18:07:44 · answer #5 · answered by Phoenix, Wise Guru 7 · 1⤊ 0⤋
Provided that you owe less than it is worth,you can sell it and pay off your deit at close of escrow.I am a Realtor with Wise Realty Please call 1-661-333-3697 for more info.if you need further help.
2006-12-28 18:15:37 · answer #6 · answered by (A) 7 · 0⤊ 0⤋
check this out before you move
http://calihomes.blogspot.com
2006-12-28 21:01:24 · answer #7 · answered by hkjlh h 1 · 0⤊ 0⤋
LOL
2006-12-28 18:06:15 · answer #8 · answered by Primus Amare 2 · 0⤊ 2⤋