Memphis Cash Home Buyer Explains Whether You Can Sell a House If You Owe Property Taxes

Alan at Pyramid Properties has considerable experience buying houses for cash. A popular question that is asked is, “Can you sell a house if you owe property taxes?” The following tips can help homeowners navigate the complicated process of selling a home that carries outstanding debt.

Can Owners Sell a Memphis House With Unpaid Property Taxes?

In some cases, selling provides the best solution for securing the homeowner’s financial future by ensuring debt repayment. So, yes, any homeowner can sell a house with a tax lien on it. However, finding a buyer for such a home can feel overwhelming and risk low-ball offers.

Tips for Selling a Financially Burdened Home in Memphis

Whether homeowners already know the benefits of selling a home for cash in Memphis, TN, or still need convincing, it’s an excellent solution for debt-laden homeowners. A home with outstanding property taxes may provide additional challenges, but consider the following:

Use the Process To Pay the Taxes

Can you sell a house if you owe property taxes? Yes, and making enough on the sale could make it possible to repay the outstanding balance.

During closing, the sale of the home pays for the mortgage first and then the outstanding taxes. Finally, the balance knocks off the closing costs, including:

• Agent fees

• Escrow account

• Title clearance

These costs can quickly add up, so if the homeowner doesn't have enough equity, they could still lose money on the sale. Before taking this route, it’s important to calculate how much clearing the financial obligations will require.

More Information on How To Sell for Cash

When homeowners sell to someone like Alan from Pyramid Properties, they obtain a fair cash offer that can easily pay for the property taxes and negate closing costs or agent fees. These cash buyers will buy homes in any condition, so they’ve helped numerous homeowners escape from burdensome tax obligations and financial distress.

"Can you sell a house if you owe property taxes?" Questions like these are common for Memphis homeowners and professionals like Alan at Pyramid Properties offer hassle-free solutions. To schedule an appointment, call 901-504-5555.

When people need help selling a house before paying it off, working with Alan means relying on someone who is a trusted, local home buyer who has worked with homeowners in many difficult situations.

Contact Information:

Pyramid Properties LLC

3638 Johnwood Dr
Memphis, TN 38122
United States

Alan Wright
https://www.pyramid901.com