People will often buy a house only to have their needs change as the years go by. Paying a mortgage on an unwanted house can be incredibly stressful and frustrating. In this post, we offer 5 ways to get out of your mortgage in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas so you can move on with your life.
Paying an expensive mortgage every month can take its toll, especially if you have grown out of the house and are looking for something different. Below, we offer information to help you get out of your mortgage fast, without having to worry about excessive fees or penalties. If you have any questions about getting out of your mortgage in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas, we want to hear from you.
Sell It Fast
The easiest and most convenient way to get out of your mortgage in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas is to sell your house to a direct buyer. We Buy Homes North East buys houses directly from local homeowners and can close in only a matter of days. Selling your house fast in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas will save you a fortune on running costs, including utilities, property maintenance, home insurance, and more. A traditional listing can be effective, but the process can take several months and end up being costly. If you’re looking to sell right away, a direct sale to We Buy Homes North East will help to save time and money, giving you instant peace of mind.
Hire An Agent
Many people choose to hire a the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas estate agent when it’s time to sell their home. While an agent can be beneficial in some transactions, in others, the costs and fees aren’t worth it. If you don’t mind paying agent commissions, making repairs, or waiting around for a buyer, hiring a the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas estate agent may be the best option for you. If you need to get out of your mortgage right away in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas, you may be better off selling your house directly. An agent can end up being very expensive, but working with our team will help you get out of the mortgage for your unwanted house in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas without any cost or hassle.
Rent It Out
While technically you’ll still be paying the mortgage payment each month, your tenants will essentially be covering it for you. Finding the right tenants can help to pay off your mortgage and potentially collect passive income too. Keep in mind that not all properties are suitable for rent and not everyone is cut out to be a landlord. Having said that, if you find the right property management company and great tenants, then renting out your property can be a great way of making a consistent income.
Gift It
You don’t necessarily have to give the property away, but you can give it so someone else and have them assume the mortgage. Maybe you have children or another family member who would be interested in having the house. You can either have them assume the mortgage if possible, or you can sell it to them for what you owe, ensuring your debt gets paid off, without any further penalties or fees. You will benefit by cutting your ties with the house, whereas your friend or family member will score a great deal by taking the property off of your hands. It’s a win-win situation for everyone involved.
Are you ready to get out of your mortgage in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas? Working with We Buy Homes North East will help you get the price you want for your house while saving you a fortune along the way. We can help you get out of your mortgage so you don’t have to feel stuck with your unwanted property any longer. If you need to sell your house fast, our team is here to support you.