Cheryl Caldwell - William Raveis - The Dolores Person Group



Posted by Cheryl Caldwell on 4/19/2019

A common problem among homeowners is the reality that life is unpredictable. There are so many things and so many issues that may come along the way. Owning a house can be both an asset and a liability if it does not get done right. 

Can I Sell My Property Even If It Is On Mortgage? 

Yes, you may sell your property even if it is on the mortgage. 

You may opt to sell it because you got your best luck and you are moving before the end of the original mortgage contract.

You may also decide to sell if you own a property, but you are going through some financial difficulty, you may either refinance your home and make use of the equity or sell your house and downgrade to a smaller one or lease an apartment. We have all been there, and the truth of the matter is that every person who has come face to face with financial difficulty should have a guide on how they can go about selling the property. 

How To Sell Your Property On Mortgage

The following are the steps to take:

1. Meet with a professional real estate listing agent. Tell them your situation and they will help you find out your current mortgage payoff. Once this information is available, you will figure out the following items:

- Your current borrowing situation;

- How much your asking price needs to be for you to be able to pay off the remaining loan balance; and...

- The probability of making some money out of the sale.

2. Once you have all the information, the real estate agent can go ahead and make a sale. Afterward, you get to discuss how you are going to get some value off the purchase.

What If The Property Value Is Less Than What I Owe? 

If you owe more than what you are going to make from the sale, you can talk to a bank to make a short sale. You can read more about that in this article.

Final Word

You can follow the above steps and sell your property even if it is on the mortgage. It will take maturity to handle a financial difficulty that forces your hand to sell your house, even if it is not yours yet. It also takes a lot of luck to be able to move to a more prominent place long before you paid off your last mortgage. What matters at this point is to contact a real estate agent and help you get through with the sale without any glitches.




Categories: Real estate   Mortgage   homebuyers  


Posted by Cheryl Caldwell on 4/17/2019


55 Hill St, Newburyport, MA 01950

Condo

$599,000
Price

4
Rooms
3
Beds
2/1
Full/Half Baths
YOU'VE FOUND IT! An IMMACULATE 3 bedroom, 2 1/2 bath condo with space for all, in an ideal location a stone's throw to the Commuter Rail and Rail Trail and minutes to the shops and restaurants of downtown Newburyport, with outdoor space, a 1 car garage and plenty of off street parking, open floor plan loaded with light, fireplaced living room, beautifully updated kitchen and baths, hardwood floors throughout, central A/C, a huge unfinished basement perfect for storage or ready to finish as you like, and so much more ...... what are you waiting for! No condo fee - Owners split master insurance and snow removal 50/50 (approximately $100/mo) and take care of their own landscaping. There will be NO OPEN HOUSES - PRIVATE SHOWINGS ONLY.
Open House
No scheduled Open Houses

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Tags: Newburyport   Real Estate   01950   Condo  
Categories: New Homes  


Posted by Cheryl Caldwell on 4/11/2019


102 High St, Newburyport, MA 01950

Condo

$689,000
Price

5
Rooms
2
Beds
1/1
Full/Half Baths
LAST UNIT REMAINING! With a WALK SCORE OF 93, you couldn't get more centrally located! Unit A, a first floor corner unit, is loaded with natural light, an open floor plan, stunning crown molding and wainscoting highlighting the generous ceiling height, fireplaced living room, open kitchen with granite counters, stainless appliances and bright white cabinetry as well as beverage area. Mahogany deck, 2 car off street parking and private finished storage room as well. Unit A owners will enjoy one of the most stunning master baths in Newburyport, a 1st floor bedroom, 2nd floor Master bedroom suite, spacious lower level family room and most convenient parking option for the building. Pet friendly! Enjoy the best Newburyport has to offer!
Open House
Sunday
April 14 at 1:30 PM to 2:30 PM
Cannot make the Open Houses?
Location: 102 High St, Newburyport, MA 01950    Get Directions

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Categories: Open House  


Posted by Cheryl Caldwell on 4/10/2019


8 Parker St, Newbury, MA 01951

Upper Green

Single-Family

$475,000
Price

6
Rooms
3
Beds
2
Baths
With the charm of a Nantucket Cottage a stone's throw to Newbury's coveted Upper Green, this 3 bedroom, 2 full bath 1736 antique has been meticulously maintained and improved by the owners and all the heavy lifting has been done! The kitchen has been beautifully updated while keeping its antique charm and boasts a Bertazzoni gas stove, Fischer & Paykel refrigerator and Bosch dishwasher. Huge front to back living room with wood stove insert in fireplace provides perfect spot to enjoy cool nights. 1st floor bedroom/guest suite also functions well as in home office. 2 spacious bedrooms with custom built-ins and full bath with laundry round out the 2nd floor. A fully fenced yard, bricked patio area and 1 car garage complete the picture. Minutes to the beaches of Plum Island, Commuter Rail, downtown Newburyport - don't let this be the one that got away!
Open House
Thursday
April 11 at 4:30 PM to 6:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 8 Parker St, Newbury, MA 01951    Get Directions

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Categories: Open House  


Posted by Cheryl Caldwell on 4/10/2019


8 Parker St, Newbury, MA 01951

Upper Green

Single-Family

$475,000
Price

6
Rooms
3
Beds
2
Baths
With the charm of a Nantucket Cottage a stone's throw to Newbury's coveted Upper Green, this 3 bedroom, 2 full bath 1736 antique has been meticulously maintained and improved by the owners and all the heavy lifting has been done! The kitchen has been beautifully updated while keeping its antique charm and boasts a Bertazzoni gas stove, Fischer & Paykel refrigerator and Bosch dishwasher. Huge front to back living room with wood stove insert in fireplace provides perfect spot to enjoy cool nights. 1st floor bedroom/guest suite also functions well as in home office. 2 spacious bedrooms with custom built-ins and full bath with laundry round out the 2nd floor. A fully fenced yard, bricked patio area and 1 car garage complete the picture. Minutes to the beaches of Plum Island, Commuter Rail, downtown Newburyport - don't let this be the one that got away!
Open House
Thursday
April 11 at 4:30 PM to 6:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 8 Parker St, Newbury, MA 01951    Get Directions

Similar Properties





Categories: Open House  




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