How do I Quick-Sale a Mortgage?

A quick sale of your mortgage means you're trying to sell the home quickly -- and get rid of the mortgage in the process. A quick sale is not to be confused with a short sale. A short sale allows you to avoid foreclosure by selling the house for less than what is owed to the lender. A quick sale is a home that sells very fast, perhaps within 30 days of being placed on the market. Ideally you will have enough equity in the home to sell it at a significant discount and still realize a profit. Some people eager for a quick sale are willing to take a loss on the home so they can move on.

Instructions

1

Hire a licensed real estate agent. Direct the agent to create an aggressive plan for selling your house within 30 to 60 days. Also ask the agent to determine the value of the house by comparing it with similar homes in the neighborhood that recently have sold.

2

Price your house significantly below the current market value if your finances will allow it. If a similar house across the street has an asking price of $325,000, price your house for $295,000 or some other significantly lower amount. Work with your real estate agent to make sure the lawn and house have been spruced up before officially putting the home up for sale.

3

Advertise the home widely with free ads on online classified sites, through your social networks and by placing notes on community bulletin boards in grocery stores and coffee shops. Play up the fact that you are pricing the house well below market value for a quick sale and that this isn't a troubled short-sale in any way.

4

Schedule open house showings several days a week for the first few week as you prepare to sell the home in a quick sale.