A big question people often have is, “Can you sell a home with a mortgage?”
Answer: Yes, you can sell a home with a mortgage. In fact, this is a very common practice in real estate transactions.
Most homeowners don’t stay in their homes for the entire duration of their mortgage term, which is typically 15 or 30 years.
While selling a home with a mortgage is straightforward in most cases, complications can arise if you owe more on your mortgage than your home is worth. In such cases, you may need to consider options like a short sale or bringing cash to closing.
What To Do Before Selling Your Home With A Mortgage
It’s important to contact your lender to determine the exact payoff amount and discuss any specific requirements. If you’re planning to sell your home for less than what you owe (known as a short sale), you’ll need to get approval from your lender.
While not strictly necessary, working with a real estate agent experienced in selling mortgaged homes can be helpful. They can guide you through the process, ensure all necessary steps are taken, and help you navigate any potential challenges that may arise during the sale.
Process of Selling Your Home With A Mortgage
Working with a real estate agent can significantly streamline the process of selling a home with a mortgage. An experienced agent brings valuable market expertise, helping you price your home competitively and attract potential buyers quickly. They have access to Multiple Listing Services (MLS) and extensive networks, ensuring maximum exposure for your property.
Agents also possess strong negotiation skills, potentially securing a higher sale price and better terms. They’re well-versed in the complex paperwork involved in real estate transactions, reducing the risk of errors or legal issues.
Throughout the closing process, your agent will assist you, ensuring all necessary steps are completed smoothly.
The Real Estate Guy Provides Cash Advances and Other Benefits
Need financial flexibility? We provide cash advances upfront for anything you need—whether it’s paying off debt, covering moving costs, or securing your next home.
If you’re looking for a fast sale, we can buy your home for cash in just 24 hours. Additionally, we go beyond traditional real estate services by helping you remodel and flip your home, increasing its value before it even hits the market.
Our expertise and industry connections work to your advantage. We leverage top-tier marketing, connect you with trusted lenders, insurers, and inspectors, and provide expert advice on everything from landscaping to living trusts. With our hands-on approach, we’ve helped clients earn up to $100,000 more than expected.
When you work with The Real Estate Guy, you’re not just selling a house—you’re maximizing your home’s potential.
About The Real Estate Guy
Aaron Taylor and The Real Estate Guy team have worked in the Las Vegas real estate market for many years. We provide services in Las Vegas, North Las Vegas, Paradise, Henderson, Mt Charleston, Pahrump, and Laughlin.
We are well known in Las Vegas and have built strong relationships with many clients.
» MORE: If you want to buy a home rather than sell, check out our article:
5 Bedroom House for Sale In Las Vegas.
