Selling your house in Roanoke, VA, can be a daunting task, especially if you owe more on your mortgage than your home is currently worth. The thought of dealing with the financial implications of a short sale or foreclosure can be overwhelming, but it’s important to know that you do have options.
At Linken Investments, we specialize in helping homeowners sell their houses quickly and for a fair price, even if they owe more on their mortgage than their home is worth. Here are some tips to help you sell your house in Roanoke, VA, even if you owe more than it’s worth.
Understand Your Options
The first step in selling your house when you owe more than it’s worth is to understand your options. You may be able to negotiate a loan modification with your lender, which can lower your monthly mortgage payments and help you avoid foreclosure.
If a loan modification is not an option, a short sale may be a viable alternative. A short sale is when you sell your home for less than the amount you owe on your mortgage, with the approval of your lender. This can be a complex process, but our team at Linken Investments has extensive experience in short sales and can guide you through the process.
Price Your Home Competitively
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 Roanoke 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 Roanoke VA home please call us at 540-596-5030 to schedule a time.
Highlight the Positive Features of Your Home
When selling a home, it’s important to highlight its positive features to attract potential buyers. This is especially important when you owe more on your mortgage than your home is worth. Focus on the unique features and benefits of your home, such as its location, size, or upgrades.
You can also consider staging your home to make it more attractive to potential buyers. This can include decluttering and organizing your space, adding fresh coats of paint, and updating your decor.
Work with a Professional Real Estate Agent
Selling a home can be a complicated process, especially if you owe more on your mortgage than your home is worth. That’s why it’s important to work with a professional real estate agent who has experience in selling homes in Roanoke, VA.
At Linken Investments we have a team of experienced real estate agents who can help you sell your home quickly and for a fair price. We can guide you through the entire selling process, from pricing your home to negotiating with potential buyers.
If you’re ready to sell your home and want to work with a team of experienced real estate agents, contact us today Call or Text 540-596-5030. We’ll help you navigate the selling process and get you the best possible price for your home.
Selling a home when you owe more on your mortgage than your home is worth can be challenging, but it’s not impossible. By understanding your options, pricing your home competitively, highlighting its positive features, and working with a professional real estate agent, you can successfully sell your home in Roanoke, VA.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their Roanoke area property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your Roanoke house fast for any reason. Linken Investments offers you the chance to sell your Roanoke home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Roanoke area house at the highest possible price with our wide buyer network and the best marketing in Virginia.
Linken Investments, Roanokes’s Trusted Home Buyer and Seller
We set out to solve the problems that Roanoke area home sellers face by giving you a way to see all of your options in one spot, letting you choose whether you want to maximize the price of your sale by listing on the Roanoke MLS or whether selling fast and simply for cash is more important.
So rather than just telling you what you can list your house for on the market like traditional Roanoke real estate agents, or making a “take it or leave it” offer like many real estate investors, at Linken Investments we’ll give you both a cash offer and the option to maximize the value on the market (with our cash offer in your back pocket).