Simple Home Selling Advice

Why An Ugly Home Can Still Sell

Whether you’ve been thinking about selling your home for years or need to move quickly due to some outside circumstance, there are a lot of steps people take before they even think about talking to potential buyers. One of the...

July 17th, 2018 Read More

The Complete Guide to Selling Your Home

Roughly 5.51 million existing homes changed hands in 2017, with many home purchases representing a person or family who suddenly gained the ability and financial mobility to make a positive financial change in their life. A lot of the time when people talk...

July 13th, 2018 Read More

6 Expensive Home Repairs

Sure, a few hours a week maintaining your home can go a long way in keeping everything in working order. But who has that much time to spare?If you’re curious how much it could cost you to renovate your home,...

May 3rd, 2018 Read More

How Do I Liquidate My Assets?

Liquidation of your assets can be an intimidating process. However, the process can be a relatively easy solution to significant financial problems.An individual may choose to liquidate their possessions to pay off debts, convert assets to cash for spending, or...

April 20th, 2018 Read More

Job Transfer? Here’s What You Can Do with Your House

You could request a job transfer for many reasons. Maybe your spouse got a promotion in the same area where your company has an office branch. Perhaps you and your coworkers don’t get along and you need a fresh start....

April 20th, 2018 Read More

You’ve inherited a house. Now What?

When someone in your family passes away it can be one of the most trying moments of your life. With this loss can come with some heavy responsibilities in the form of an inherited house.  If you’ve inherited a house in...

April 20th, 2018 Read More

The Benefits of Downsizing

Raising a family and building a happy home are two priorities you work tirelessly to create. It’s something to be proud of. The memories you have from the years spent in your home are beautiful, yet now the kids have...

April 20th, 2018 Read More

Real Estate Probate and You!

I’m going through probate of a property. What should I do? When someone you love passes away, there are quite a few things that you need to take care of. But it doesn’t need to overwhelm you. Even just hearing the...

April 20th, 2018 Read More

What should I do with my house when I retire?

Your home is one of the biggest investments you can make. You put forth the tireless effort, funds, and have worked hard to make something you can be proud of. You likely put the same hard work into your retirement...

April 20th, 2018 Read More

What Should I Do with My House When I Move Away?

Moving to a new house is a bit easier said than done. There’re many things that must be taken care of and the to-do list can get quite long. Should I rent out my home?Before you make the decision to rent...

April 20th, 2018 Read More

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Moving to a new house is a bit easier said than done. There’re many things that must be taken care of and the to-do list can get quite long. 

Should I rent out my home?

Before you make the decision to rent out your home to tenants, you should know this. A majority of lenders won’t allow new mortgages if the borrower can’t make a 20 percent downpayment on a new home. Lenders have strict requirements and rules set in place against homeowners who own more than a single “primary residence.” It could be difficult to obtain a mortgage for a primary residence before you have sold your original home. For example, the Federal Housing Administration (FHA) has requirements that its borrowers can only hold one mortgage at a time. If your original home mortgage is through the FHA, you may not receive another loan for a second house until the initial balance is paid.

Is it a good idea to sell my house before I move away?

The simple answer is yes. If you are moving and you sell your home beforehand, it’s easier and cheaper process that will supply you with money up-front for a downpayment on your new home. This option also avoids many legal, insurance, and tax hurdles that come along with being a landlord. While this is convenient and by far the best option, many homeowners find selling their home time-consuming and avoid this route. Luckily, HomeGo offers an easy— and fast— way to sell your house.

You can sell your house fast with HomeGo.

Before you hit the road, you need to sell your house, and HomeGo knows that time is of the essence. A traditional realtor could waste months of time; HomeGo closes the sale of your house in just seven days. This fast turnaround will give you the money you need to put toward a new house.  

With HomeGo, there is no hassle, no closing costs, and no waiting around. Don’t wait any longer. You need to sell your house before you move, so get started on your next adventure now!