How to Get Out of Negative Equity if You Need to Sell Your House
If you are looking for some kind of negative equity solution because your house value has fallen below what you owe on it… Good News! You are not necessarily stuck with it and have to wait until the value eventually goes up so you can sell it for enough to pay off your debt.
Yes, your options are limited… You can either keep it and put up with the situation until the market changes…or sell it for what you can get for it and pay off the shortfall with your own money. If you have outgrown your home or really need to move, neither of these are ideal for you or your family.
The usual advice given is often not very helpful either…”Use savings to reduce your mortgage”… “Speak to your lender”… “Borrow the difference”… “Stick it out”…or even… “Sell up anyway”! A lot of times, these are just not viable options for most people.
There Is a Way to Get Out of Negative Equity
One thing you can do if you are in this position is “Rent to Sell” your property. This is where you allow a qualified future buyer to rent your house on the condition that they buy it at a later date and look after the place in the meantime. Giving the property market time to recover so you can sell it to them later on. They will be tenants in the property until they buy it, but unlike normal tenants, they have the extra responsibility to take good care of the property because they are going to buy it in the future. This is a convenient way for you to be able to move out of your negative equity home and get your negative equity property sold.
If Being a Landlord Does Not Appeal to You…
If you don’t want to be a landlord but you feel the ‘Rent to Sell’ option would help you move on, we can manage the whole process for you until the sale is completed leaving you free to move now and not have to worry about the old property at all.
We will manage the tenant, the maintenance, any repairs, and the legal paperwork until the property is sold to the new buyer.
- You don’t have to do anything
- Or pay anything (We are paid by the buyer, not you)
- As we are responsible for the property, no one will be calling you to come and repair their toilet for them!
Sell Your Negative Equity Property …
If you …
- Need to move now but can’t sell your house…
- Want to pay off your mortgage but the house won’t sell for enough…
- Would rent the property but don’t want the hassle of looking after tenants…
Sell Your Negative Equity House
If You Would Consider Renting Out Your House Because You Can't Sell it... With No Landlord Reponsibilities, No Maintenance or Repairs to Do or Pay for... And No Tenant or Management Hassle... Fill in Your Details Below. We Can Help You to Get a Buyer for Your PropertyWe Help Homeowners and Landlords Sell Negative Equity Properties
Benefits to you…
- No Cost, No Fees, No Hidden Charges
- No Tenant Management, No Maintenance Costs
- No Tenant Stress, No Responsibilities
Sounds Too Good To Be True?
We have buyers waiting for ‘Rent to Own’ homes who would love the opportunity to live in a property that they can buy later on!
All we ask is you give our buyers enough time to buy your house baring in mind it will take a while for house prices to catch up with how much you owe on your property.
Fill in the form and we’ll help you find a buyer for your home.
House and Flat Buyers