"Low equity" situations are among the most common we run across.
In many cases the homeowner has tried to sell their home "for sale by
owner" without any luck. Often, 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
remains is eaten away by the commission and closing costs.
Some real estate agents may even
refuse to list your house because the selling price is
unrealistic and/or there isn't enough equity to pay their
commissions!
You don't have to
give away your equity, no matter how small it is!
We often purchase homes with little equity and in
many cases are able to return much of that hard earned equity to the
homeowner.
However, what is usually the most important
concern in these situations is getting relief from making that extra
mortgage payment every month.
We can take that burden off your hands.