How To Sell Your Property When You Still Owe Money In Your Mortgage?

Today's episode is the result of questions that you have left me in the comments section asking for clarification about the possibility of selling a property when you still owe money in your mortgage. For those who wondered if it's possible, this video is for you, enjoy!

🎥 VIDEOS COMPLEMENTING THIS ONE

▶️ PLAYLIST COMPLEMENTING THIS ONE

💰 ACCELERATE YOUR FINANCIAL GROWTH AT NO COST

⛺️ OUR STORE

⏰ TIMESTAMPS
0:00 How To Sell Your Property When You Still Owe Money In Your Mortgage?
0:44 Know how much you still owe of your mortgage
3:09 Assess the market value of your property
4:28 What if the price of my property went down?
5:09 Bear in mind the selling time of your property
5:49 The more days go by the higher your interests are

📄 DISCLAIMER
***DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION***

[chadbelcher]

I have an investment property im selling. My payoff is about 10k more than my balance. If I pay down 90k on principal will it make much of a difference on the interest on my payoff balance side? Like maybe cut it to only 4K or 5k more than balance? I’m gonna invest the profits and that 90k in something anyways so I thought if I pay the principal down it might save me on the payoff interest. Only had loan a little over year

[hix]

So what’s the process of selling . Does the seller have to buy another house then sell or rent . Like what’s some tips for that ?

[InyiYruma]

Would it be possible to buyer the continue paying for the mortgage instead?

[freeworld]

How often do buyers buy houses with mortgages? Is it looked at as negative?

[mint_]

I think I'm missing sum, If you sell the house there's a high chance the couple wouldn't pay everything direct and they would pay at a specific rate over a period of time meaning you'll have to pay your mortgage bit by bit as the couple pays and the interest rate might be going up and you end up being trapped with mortgage debt. can you make a video explaining this?

[ShiftyReaperGaming]

What if you’re house went up in value we got our house $215k and we are now getting offers on our home to sell for 300k and I’m looking to downgrade. Now to a trailer and bigger land and build a shop in exchange would I actually walk out with way more money moving.

[elkammash]

Accurate and concise explanation, many thanks. I became more worried about getting involved in a mortgage :)

[secueyecolor]

What about if buyers ask to pay you cash

[xmiradorxful]

Do you have a program/ teach other than on youtube?

[brentshedrick]

Do you teach how to acquire commercial multi family properties?

[cosmetolo-joyclassroom]

How do you find the market value of your home??

[commercialand]

So we bought a house which was about 140, 000 with 30, 000 down and have lived there for about 5 years now. With the 30, 000 down and owe roughly 70, 000 from what the balence says on my bank account.
I believe from what i have seen in the neighborhood, that the location has improved, such as rental properties which look much nicer directly across the street.
What my simple mind does not understand is....if i sell do i get any money at all even though i still owe the bank??? Also, i have remodled about half of the interior of the home, which was a very dated 1970 (when we bought it the house except now the exterior which is pretty rough right now as far as landscaping only.
So would i get any money if i sell? Im not certain on the market right now and also not sure how to look into it....thoughts?