How To Move If Your House Hasn’t Sold Yet In Jacksonville, FL

We Buy Houses In Florida and pay cash for houses. At Xero Home Buyers LLC, we provide homeowners with the ideal way to sell their properties fast (especially when they are relocating) by offering cash for houses in Jacksonville. You’ve found your dream home but haven’t been able to sell your property yet. So what do you do? As your local homebuyers in Florida, we hope to help you figure out how to move if your house hasn’t sold yet in Jacksonville, FL

How To Move If Your House Hasn’t Sold Yet In Jacksonville

You need to have a good reason for needing to move right away, and not after your current house has sold. For example, moving because your family needs a larger space, you are separating from your spouse or for work purposes.

Also, you cannot owe more than 75% of the value of the first home. There are additional restrictions as well, do your homework before assuming you will qualify for an additional loan through the FHA.

Agree to pay them back in full upon the sale of your first house. Whenever you borrow money from family, you want clear terms to be set and adhered to. If you think a family relationship could be damaged because of money, you might want to look for a different way to secure the financing you need.

These types of loans will take both mortgage payments, and combine them into one interest-only payment. These are typically short-term loans, lasting 6 months to one year. Lenders have different requirements, but you must typically have great credit and be financing less than 80% of the value of both houses.

 We Buy Houses in Jacksonville, FL and pay cash for houses

Make sure you understand how the tax penalties will work, and pay yourself back after the sale of the original home. This may not be an option for everyone, but definitely, something to look into.

Depending on their situation, they might love the idea of being able to stay in their home while they shop for a new one. If you are attempting to carry two mortgages, this is a great way to alleviate the cost.

If your home is new to the market and priced well, it should sell right away. Present this to the owners of the second home, along with your offer. Ensure them that the closing won’t be delayed and that you agree to close in a certain amount of time

Moving can be tough when you are trying to buy and sell real estate all at once. The FHA, Fanny Mae, and Freddie Mac all have rules about getting a second mortgage while you still own your home. If you want to secure an additional mortgage, you will have to clear a few hurdles.

Xero Home Buyers LLC are local Florida home buyers who are dedicated to helping you with all of your real estate needs no matter what is going on in the world. So whether you are looking to purchase a property or sell your house in Jacksonville, we are here to help you get through it through our local home buying service.

Whether you are looking to buy or sell, we can help you with all of your Real Estate needs! Fill out this short form, or give our office a call today! 205-259-7529

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