Discovering your Lake Nona house has a lien against it can stop the selling process right in its tracks. While it may be difficult, it’s not impossible to sell!
What is a lien?
A lien is a legal claim against property. This means that the property can’t be sold or refinanced until the lien is paid off. Liens are typically placed on a property for services or products, but they can also be from judgments due to unpaid child support.
Of course, the best way to avoid liens is to stay current on any of your dues. If you’re planning on selling your house, you should pay off any outstanding liens before listing the property. This will make it easier to sell the house and get the full asking price.
Common types of liens in Florida
- Unpaid Taxes
- Utility Bills
- Home Repairs
- Unpaid child support
How liens affect house selling in Florida
If you’re selling your house in Lake Nona, FL, you’ll need to pay off any liens against the property before the sale can be finalized. If you’re unable to pay off the liens, you may be able to negotiate with the lien holder to have the lien released.
Once the liens are paid off or released, you can list your house for sale. You’ll need to disclose the liens to potential buyers so that they’re aware of them.
Can I still sell my house with liens in Florida
Yes, you can, but be prepared to go through a lot of hoops in order to do so. Selling a house is already a complex process as it is and selling a house with liens is often more difficult.
How to sell a house with liens in Lake Nona, Florida
If you don’t have the money on-hand to pay for the lien before selling your Lake Nona home, you can still proceed with the sale, but the lien would remain on the property. There are multiple ways to go about selling a house with a lien.
- Negotiate with the buyer to pay for it
You can transfer the responsibility to the new buyer. When opting for this set-up, you will typically need to lower your asking price to make it more favorable for the buyer. Not a lot of buyers will be willing to purchase a house with a lien, however, so be ready to go through a lot of negotiations.
- Pay after closing
You can also opt to pay for the lien yourself. This is typically done by negotiating with interested to have the lien paid off at closing. You can get the funds from the sales proceeds and use it to pay off the lien. Basically, the reverse of the traditional process.
- Sell to a professional home buyer
Another option available to you would be to sell your property to a professional home buyer. To make sure you’re dealing with a trusted professional buyer, look for reviews about professional home buyers in Lake Nona, FL.
The advantage of selling to a professional home buyer is the convenience. You don’t have to clear your liens, you don’t have to take time out of your day to host open houses, and you don’t have to go through back-and-forth negotiations with buyers–only for them to back out at the last minute.
Ready to sell your home?
Kindred Homes is a no-nonsense cash home buyer in Lake Nona, FL. If you need to sell your house fast in Lake Nona, FL for cash, we’re local home buyers serious about buying your house. No repairs, no inspections, no agents, no fees, no commissions.
Our process does not involve getting pre-qualified by a bank in order to obtain a mortgage loan to purchase your property or wasting your time listing the property on the MLS, Zillow, Realtor.com, or any other listing platforms. The reason we are able to move so quickly on the purchase of your house is because we use our own CASH MONEY to buy the property, which means the sale is more secure and we can close faster.
To find out more about our unique and alternative ways to sell your house fast in Lake Nona, FL for cash, call us today: (407) 705-3779