Selling Real Estate With a Reverse Mortgage

Please log in or register to like posts.

What to Know About Selling a House With a Reverse Mortgage

For those seniors who have a reverse mortgage, there may come a day where the decision to sell becomes a desire. It could be for any number of reasons. Maybe you have decided to live with a son or daughter? It could be even simpler than that – maybe you just don’t want to be a homeowner anymore.

Whatever the reason happens to be your going to want to know how to sell a home with a reverse mortgage. You are in luck because it isn’t all that much different than a traditionally mortgaged property.

There are some basic principles you want to follow when selling any home. Sellers that pay attention to these things end up being far more successful than those who don’t.

The first thing you want to do is hire a real estate agent you find trustworthy that has a good track record of success. There is in fact, no better recommendation than that.

It is important to work with someone who is a good listener. Remember this is probably your largest investment and you are probably retired.

Read  40 Years Ago, Jackie O Turned a Sheep Farm into her Dream Retreat on Martha’s Vineyard; It Now Costs $65M

An excellent real estate agent is going to fill you in on everything you need to do to make the home more salable. The advice should center around what can be done to make the sale go quicker and for more money.

Sometimes the best advice is doing nothing. Other times making key updates could put more money in your pocket. A successful real estate will be able to give you sound advice.

In the article referenced above at Maximum Real Estate Exposure, you will see a complete list of tips to sell your home with a reverse mortgage. Use the advice and more than likely the outcome will work out as you hope it does.

If you happen to be a family member after losing a loved one, you will find the information in the article to be very helpful.

Other Helpful Articles Worth Reading

How to prepare for an appraisal

Helpful real estate articles on Flickr

Take a look at these additional resources where you will find even more sound advice when you are going to be selling a home.


Already reacted for this post.



Liked by

Leave a Reply