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How To Sell House Without Enough Equity

Traditionally in real estate sales, the seller pays for most of the cost of the transaction. Typical costs can be real estate commissions for both the buyer’s and seller’s agents, title insurance, escrow fees, real estate taxes, and often even fees for the buyer’s new loan.

In most cases, these costs will be in the range of 10% or more of the negotiated selling price. In today’s economy, money is tight for everyone. Particularly with FHA buyers, an additional 3% can be negotiated and come out of your sales proceeds. That means that for every $100,000 in the selling price, between $10,000 and $13,000 will be taken out of your proceeds at closing. $10,000 to $13,000 is a bitter pill to swallow for any home owner!

No wonder many sellers simply cannot afford to sell under these conditions. If you’ve bought your home with 100% financing in the last 5 to 10 years you most likely don’t have enough equity to cover these costs. And even if you’ve put up a 5% or 10% down payment, you may still be “under water” due to the declining markets and no appreciation.

We don’t need your closing costs. That’s why we are the best solution for you. At RestoreSTL, we have solutions for many different situations – yours could be one of them! If your property meets our buying criteria, we can buy your home even if you cannot afford to pay for the cost of selling, and we will even cover any closing costs for you.

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Life Happens. We'll work with you and make you an offer on your property. We pay cash and close quickly, without any cost to you.

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Fast Cash for your St Louis Home
How to sell house without enough equity

LIZ LANKA
Home Owner


"Life happens. I ran into trouble when the value of my home tanked
and didn't have enough equity to  pay any costs to sell. Thanks for your help."

Have unwanted property? Get a CASH OFFER today!

​Restore STL is a locally owned real estate investment company that was founded in 2011. We are dedicated to providing the best real estate services in St. Louis and surrounding areas. Our Services include: We buy houses for fast cash, we buy ugly houses, we buy homes that are headed for foreclosure, we buy homes in need of repairs.

We also sell and rent homes throughout St. Louis and St. Louis County. St. Louis, St. Louis County, Kirkwood, Clayton, Richmond Heights, Fenton, Rock Hill, Glendale, Affton, Crestwood, St. Charles, O’Fallon, Ballwin, Bella Villa, Bellefontaine Neighbors, Creve Coeur, Maryland Heights, Hazelwood, Florissant, Manchester, Richmond Heights.