Selling A House With An Existing Mortgage In Philadelphia

If you are interested in selling a house with an existing mortgage in Philadelphia then you are in the right place, because our company Rapid Home Liquidation buys houses in Philly and the surrounding area in 7 days, fast for cash, and you won’t pay any closing costs, repair costs, commissions, or fees.  Our program is 100% safe, secure, confidential, and performed at a reputable, local title company for complete trust and transparency.  We are open, honest, and ethical, and seek to find win-win situations where both of us can benefit from the transaction.  If you think that your house might be a good candidate for our professional home buying program here in Philly then please feel free to give us a call or text right now at (215) 882-9828 and someone from our team will be more than happy to assist you and get you a free quote on your home today!

Can You Sell A House With An Existing Mortgage?

Yes, it’s fairly simple and straight-forward, and we buy houses with existing mortgages all of the time.  It works like this:  once we agree on a price that is above your mortgage payoff amount, we draw up the sales contract and take it to a local title company, who will then request the mortgage payoff from the lender.  Once the payoff amount has been confirmed, that will be taken out of the sales proceeds in order to satisfy the lender upon completion of the sale.  This makes selling a house with an existing mortgage fairly simple, but it can get complicated in some situations where other factors are at play, and the home owner needs to sell the house quickly for other reasons such as falling behind on the payments.  Our company can also help you get caught up on your payments, and even can take over your existing loans in some cases, putting them in our companies name and preventing the foreclosure from impacting your credit.

Top Benefits Of Selling Your Home To An Investor
  • Fast cash transactions.  Unlike listing your home with a local real estate agent, where you will often have to wait months at a time just to find an interested buyer, when you sell your home to a private real estate investment company such as us here at Rapid Home Liquidation, it’s a simple, fast cash transaction every single time.  No waiting around for buyers to get pre approved for financing, we pay cash and we close fast!
  • No closing costs.  Unlike many of the other “we buy houses” companies in Philadelphia, we don’t make our clients pay closing costs.  Other companies will usually try to get you to at least pay half of the closing costs, and some of them will even try to get you to foot the entire bill, but we here at Rapid Home Liquidation cover 100% of the closing costs on every single real estate transaction that we participate in.
  • No commissions or fees.  When you list your home using the traditional methods on the local real estate market through a licensed real estate agent, you will have to pay at least 3% in commissions, and in some cases can even end up paying up to 6% if you are responsible for all of the closing costs in the transaction.  When you sell your home to a private real estate investment company such as us here at Rapid Home Liquidation, you don’t have to pay any commissions, listing fees, or any out of pocket, up front expenses whatsoever!
Fair Cash Offer In Under 24 Hours

Our company will make you a fair cash offer on your property in under 24 hours, and you can take as much time as you need to think it over and decide if selling your home to us is the right decision.  We aren’t interested in pressuring anyone into making a choice that they aren’t 100% comfortable with, so please let us know if you have any concerns.  As previously stated, we will be covering all of the up front, out of pocket expenses such as closing costs, transfer fees, and other costs.  You won’t have to put up a dime of your own money, which is one of the greatest benefits of selling your home to a private real estate investment company.  We use a reputable, local title company so that you are assured that the transaction will be done in a safe, trustworthy environment.

Simple, Easy To Understand Home Buying Formula

The home buying formula that we use to buy homes in the Philadelphia area is very simple, straight-forward, and effective.  Basically we take your properties full value, meaning how much your home is worth once it has been fixed up to it’s highest value, and all repairs have been made.  We take that value, also known as the after repair value, and we take 70% of it and then subtract the estimated repair costs to give us our final number and purchasing price.  We will present that number to you in an official verbal or written offer, and give you some time to think it over, and discuss with your family to see if you think it’s a good idea.  You can then get back to us and let us know if you would like to move forward, and if so, then the next step is to sign the paperwork, set an inspection date, and then a closing date.  We will then take the contracts to the title company who will perform a basic title search to make sure there are no liens on the property, and then we will meet at the title company on the closing date to sign the final closing documents.  That is the entire process from front to back!

Get A Cash Offer On Your Property Right Now!

If you like the sound of how our professional home buying program works, and you’d at least like to take the next step and see what kind of a cash offer that you would get on your home, then please feel free to reach out to us via call or text at (215) 882-9828 and someone from our team will let you know exactly how much your home is worth on the open market fully fixed up, we will estimate the repairs, and subtract everything back using our custom home buying formula as outlined earlier in this article, and present you with an official offer.  You let us know if it’s a good fit or not, that’s it!  No stress, no paperwork, no sales pressure, no fuss!  Also feel free to contact us using the live chat box in the lower right-hand corner of the screen, or simply fill out the form at the bottom of this page to receive your risk free, no obligation, fair cash offer in 24 hours.

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