Can I Stay in My House After Selling It?
You may be in a financial position where it makes sense to sell your house. Tax default, lost income and the fear of foreclosure are all significant motivators to sell and get out from under the financial burden of your property ownership. Perhaps you have built up some equity that you can use for other expenses, or you are just hoping to break even and minimize your remaining debts.
However, this is also your home. You might have lived there for years and created a space that you love. You need to sell it, but you aren’t quite ready to move out. What are your options?
Options to Sell Your House
Depending on your financial situation, you may have more or less options. If you are really in a bind and need to sell quickly, your best bet is probably a cash home sale to a real estate investor. Find a buyer who is able to pay cash and willing to purchase the property in as-is condition. This will allow you to close the transaction quickly and also minimize your out-of-pocket expenses for repairs, closing costs, etc. These deals can get completed fast and easy, so you can take your money, pay down your mortgage or other debts, and move onto the next chapter of your life.
Creative Seller Financing Solutions
Then, there are other creative seller financing solutions that you may be able to explore with certain investors or home buyers. You can ask about subject-to financing, lease-to-own options and other methods that allow you to retain some ownership or even stay in the home for awhile. A real estate investor may be willing to let you stay in the house as a rental tenant, as long as you are able to pay your rent in full and on time. Click here to read our article on creative seller financing solutions.
Can I Stay in My Home After Selling?
Depending on how the deal is worked out, you may be able to stay in the house a little longer. It may not be a permanent solution, but you can have some extra time to find a new place while the buyer figures out their next steps. At PropertyLark, we let you set your own closing and move-out date. If you need a few weeks or months to move out, let us know and we can structure the transaction accordingly. We’ll be glad to work with you as long as the timing is within reason. In most cases, the closing date (when you receive final payment) and the move-out date are the same, but there are instances where you might be able to close sooner, get your cash right away and then still have some time before you have to move out.
Otherwise, if your goal is to sell your house and move out as quickly as possible, then we have you covered. We can complete a fast, easy and safe home sale with a cash transaction. This means the deal can be finalized in a matter of weeks. This may be exactly what you need if you don’t have the time and money to go through a traditional real estate sale that can take several months at best.
Explore Your Home Selling Options
At PropertyLark, we can help you explore a variety of home selling and creative financing options. Just let us know your situation, why you want/need to sell and what kind of timeline you are looking to achieve. Our team will work with you to figure out the best real estate solution. To get started, please fill out the form on the right and tell us a little bit about you and your property. From there, we will contact you with the next steps, including a fair cash offer if you are ready to sell now.