How to Sell Your House Quickly, Even if There’s Still a Mortgage on it.
“Can I still sell my house quickly if I haven’t paid off the mortgage yet?”
The short answer? Absolutely.
In fact, as real estate investors, we purchase homes with existing mortgages all the time. It’s a completely normal part of the process—and in many cases, it’s even easier than selling a fully paid-off home through traditional methods. So, good news, you can sell your house quickly, even if you have a mortage.
Let’s walk through how it works and why it might be a smart move for both the seller and the investor.
🏠 First: What Happens to the Mortgage When You Sell Your House?
When you sell your home, your existing mortgage is paid off at closing.
Here’s what that looks like in simple terms:
- The investor makes an offer.
- You accept the offer and set a closing date.
- At closing, the title company uses the proceeds from the sale to pay off your remaining mortgage balance.
- Anything left over after paying off your loan goes to you.
So whether you owe $20,000 or $200,000 on your mortgage, it gets handled at closing—you don’t need to pay it off before selling.
💼 How Do Investors Make It Work So That You Can Sell Quickly?
As investors, we’re skilled at working with title companies, lenders, and sellers to ensure the process goes smoothly—even with an active loan. Here are a few ways we make it work:
1. We Get the Payoff Amount from Your Lender
Once we go under contract, the title company will request a payoff statement from your mortgage lender. This shows the exact amount you owe on the day of closing.
2. We Structure the Offer Around Your Balance
If your mortgage is $150,000 and we’re offering $180,000, the first $150K goes to your lender, and the remaining $30K comes to you at closing.
3. We Close Quickly
Most traditional home sales can take 30-60 days (or longer). As investors, we can often close within 9 days, which helps sellers avoid further mortgage payments and ongoing stress.
🔄 What If You’re Underwater (Owe More Than the Home Is Worth), Can You Still Sell?
If your mortgage is more than what your home is worth, there are still options:
- Short Sale: We work with your lender to accept less than the full payoff amount.
- Subject-To Purchase: In some cases, we may take over your existing mortgage payments (“subject to” the current loan) while transferring ownership of the property.
These are more advanced strategies, but they’re legal and commonly used by experienced investors.
🤝 Why Homeowners Choose to Sell Quickly to an Investor Rather Than the Traditional Route?
Homeowners choose to sell to investors—even with a mortgage—because it’s:
- ✅ Fast
- ✅ Hassle-free
- ✅ No repairs or showings
- ✅ No agent commissions
- ✅ Ideal for tough situations (job loss, divorce, foreclosure, inherited property, etc.)
We’re not here to take advantage of you—we’re here to provide a win-win solution when traditional selling just isn’t working.
Final Thoughts
If you’ve been holding off on selling your home because of a mortgage balance, don’t worry—you’re not stuck. Investors like me buy homes with existing mortgages every day, and we’re experienced in making the process smooth and stress-free.
If you’re curious what your home could sell for, or just want to talk through your options, reach out—no pressure, no obligations, and we’ll show you how you can sell your house quickly, even if you have a mortgage.
