Do you have a home in Columbus, OH with liens on it that you need to sell? You’re not alone. Many homeowners are in the same situation, unable to sell their homes because of these liens. But there is hope! With some careful planning and research, you can successfully sell your home even with liens on it. Here’s what you need to know…
How Liens Can Impact Your Home Sale
A lien is essentially a legal hold placed by creditors on a piece of property—in this instance, your home. This means that until the lien is paid, you cannot sell your home as any funds should rightfully go to paying off debts and costs first. That said, it is possible to remove liens prior to selling your home. This will depend on what type of lien it is, and understanding different types of liens and the processes required for removal will help ensure that potential buyers are not deterred from making an offer.
It’s worth noting that if you don’t pay off a lien before selling your home, you could end up paying out of pocket after closing, or even be liable for future payments depending on the terms of your loan or financing.
Types Of Liens That Can Be Placed on Your Property
Liens can be imposed by government agencies or private organizations, and they can affect your ability to use, sell, or refinance your home. If you understand the reasons behind these liens, like taxes due to a state or local government body, it could help save you from potential financial difficulties down the road. Knowing what types of liens exist ahead of time may even give you the opportunity to take preventive measures, such as ensuring taxes are paid before they become an issue.
Understanding the types of liens will also allow for smarter real estate investments. By doing some research into the major lien categories now, you can save yourself from possible debt obligations in the future.
Clear Liens Before Listing Your Home For Sale
If you’re looking to sell your home, it’s important to make sure that any liens attached to the property are cleared before you list. Doing this will not only help the sale of your home go more smoothly and quickly, but likely increase the sale-ability of the home overall. Fortunately, whether it is a bank loan or unpaid taxes that led to any liens on your property, getting them lifted off can be straightforward.
It is best to work with a real estate professional like a cash home buyer in Columbus, OH, as they will have the expertise to handle these matters for you. If you do find yourself having trouble removing a lien from your home prior to listing it for sale, consult an attorney or reach out to the institution holding the lien so you can get everything squared away quickly and easily.
A Cash Home Buyer Can Help Sell a Home with Liens
If you’re looking to sell a home with liens, then it can be incredibly helpful to talk with an experienced cash home buyer. They’ll have the knowledge and skill necessary to ensure that the sale goes smoothly. They can explain all of your options, provide insight into potential restrictions, guide you through paperwork, and offer advice on best practices throughout the process—and ultimately help you close quickly and easily. Working with an experienced cash home buyer gives you the confidence that your home will be sold efficiently.
If you have any outstanding liens on your home, Offer Express can still buy your house fast—even with liens! We’re an established cash home buyer in Columbus, OH, and we’ve helped our customers through all kinds of selling situations. Whether you’re having trouble with liens or any other kinds of financial issues, we can help put together a plan that will make things easier for you and your family. Call us today at (614) 820-5777 or visit our website and let’s find out what works best for you!