Facing Foreclosure? | Behind on Payments? | Liens, Judgements, or Title Issues?
Need to Sell House "As Is"? | Selling a Vacant House? | Selling Due to Relocation?
Selling an "Underwater" House? | Selling Inherited Property? | Selling an Expired Listing?
Selling a Rental Property? | Selling a House Due to Divorce? | Paying Two Mortgages?

Paying Two Mortgages? The Faster You Sell a House, the More Money You'll Save!

One of the more common situations I encounter is homeowners who are currently paying two mortages. Maybe you moved into the new house, but have had trouble finally selling the old one. Maybe you inherited a house - and its debt! Or maybe you simply own two houses at the moment, and for whatever reason, you are ready to get rid of one and lighten the load.

Regardless of your situation, if you are paying two mortgages, the faster you sell off one of the properties, the more money you'll save. Not only are you making double payments on the mortgage notes ... you're also responsible for upkeep and maintenance costs at a house in which no one is living.

Selling Your Second House Via a Listing Agent vs. Selling FAST to a Cash Buyer

A lot of people tell me they can't sell to a cash investor, because they won't get as good a price as they'd get listing the house on the open market. With the real estate slump as bad as it is today, even that may not be true ... but let's assume it is for a moment. Let's imagine that if you do sell through a listing agent, you'll be able to close for as much as 25% to 30% more than I'd pay you right now as a cash investor.

The problem is, that extra 25% to 30% might not seem like much anymore when you consider all the additional costs (both of time AND money) that you'd be sacrificing by selling via a listing on the open market.

Think about it... even if you do earn a bit more, when you sell via a real estate agent advertising the house on the open markets, you'll have all sorts of added costs and worries.

Just SOME of the Added Costs and Worries Selling Your 2nd House Through a Listing Agent

  • The time it takes to actually get the house sold (an average of 81 - 106 days ... often longer)
  • The cost of basic repairs, renovations, and clean-up required to get the house ready to show
  • The cost of maintaining the house (in "ready to show" condition) for the duration of the listing
  • The cost of paying your double mortgage for the extra 3-6 months it will take to actually get the house sold
  • The broker / agent commission - as much as 7% of the closing price
  • Any concessions, inspection fees, and other minor repair & clean-up costs the buyer demands
  • All the stress, headaches, and emotional up's and down's inherent in selling a house (lasting several months)
  • Plus who knows what other stresses & headaches likely to arise during the process!

Long story short: you may get "more" by selling the house on the open market, but especially if you are paying two mortages, are those extra few bucks really worth it?

Facing Foreclosure? | Behind on Payments? | Liens, Judgements, or Title Issues?
Need to Sell House "As Is"? | Selling a Vacant House? | Selling Due to Relocation?
Selling an "Underwater" House? | Selling Inherited Property? | Selling an Expired Listing?
Selling a Rental Property? | Selling a House Due to Divorce? | Paying Two Mortgages?

Sell Your Second House to a Local Investor "As Is" to Get Cash, Close Fast, and Be Done With It!

If you could have the house sold... as in "sale closed" with cash in the bank, as little as a week or two from now, would you consider that a viable option? Are those added months of headaches really worth it, all in the hope that you might get a couple bucks extra?

For many people, just to avoid the pains & hassles of an open listing makes the cash sale to an investor like me more than worth it. Add that to the fact that in the end, when you tally up all the "hidden" costs, you'll end up getting about the same amount, and I'm sure a fast, cash sale is starting to make a lot more sense.

In any case, you need to know your options. No matter how much I'd benefit from telling you to do so, I'll never recommend you take my offer without shopping around and considering the alternatives. The first thing I recommend is taking a look around this website. I'd start at the "Benefits" page, as well as viewing my "Frequently Asked Questions."

After that, if you want to talk more, or you'd simply like to hear my cash offer to buy your house in as is condition right away ... please fill out the form above, or contact me directly any time.

But remember, when you are paying two mortgages, the clock is ticking, and time is money... So get in touch today!