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What to Do If You Can’t Afford Your Home Anymore
If you’re no longer able to afford your property’s mortgage payments or upkeep, it’s important to know that you have options. One of the most straightforward solutions is to sell your home and use the proceeds to pay off the mortgage.
We buy houses in Maryland as-is, offering homeowners a fast, practical solution when holding onto a property is no longer financially feasible.
If the property sells for more than the outstanding loan balance, you keep the difference. If it sells for less, a short sale may be necessary—where your lender agrees to accept less than what’s owed on the mortgage. Selling your property can stop the ongoing financial drain of mortgage payments, property taxes, and maintenance costs.
Most importantly, it ensures that you avoid foreclosure, which can negatively impact your credit and financial future. According to ATTOM, in December 2024 alone, Maryland reported 778 foreclosure filings—about one in every 3,253 housing units.
Selling your home for cash allows you to bypass many of these expenses and move on faster, especially during a financial crisis.
How to Sell Your Home You Can’t Afford to Keep to a Cash Buyer
If you're struggling with a home you can no longer afford to keep, selling it to a cash buyer can offer a quick, hassle-free solution. Here’s a step-by-step breakdown of our home-buying process:
Step 1: Reach Out to a Cash Buyer
Start by contacting a reputable cash home buying company and providing basic details about your property.
Step 2: Get a Fair Cash Offer
The buyer will evaluate your home's condition and local market value and send you an honest cash offer within 24–48 hours. You're free to accept or decline without pressure.
Step 3: Accept the Offer
If you’re happy with the offer, simply accept it, and the buyer will begin preparing the paperwork. There’s no drawn-out negotiation process involved.
Step 4: Choose Your Closing Date
You’ll have the flexibility to pick a closing date that works best for you. Whether you need to close quickly or take some time, the choice is yours.
Step 5: Close and Receive Your Payment
Closing usually takes place within 7–10 days without delays from financing or inspections. Once finalized, you’ll receive your full cash payment, and the sale will be complete.
This process is especially valuable if you're dealing with an empty property. Selling a vacant home without extra costs like repairs, agent fees, or months of holding expenses can significantly ease your financial burdens.
What Our Customers Are Saying
See why many people recommend us to be your local Maryland homebuyers.
Brett is an exceptional man with intelligence, honesty, foresight, vision and best f all LOYALTY! I have been a Realtor since 1998 and have never been fond of the investment buying process until Brett! I love working with him as his Realtor. I am so honored that he chose myself to do this job and I am so excited for the years to come!
Michele Michael
I am so happy to have found Tyler and Brett at ACE. In a world where everyone is out for themselves, these men are both a breath of fresh air. They are upfront and honest and made our transaction so seamless and easy. Very easy to work with and I will 100% recommend them to others and do business with them again, given the opportunity.
Olga Michaelidis
Calling Ace Homebuyers was the best decision I made when looking to help sell my parent’s house. Tyler and Brett are not only very professional, but they made the process super easy. They took care of everything. After my Dad passed away, we need to move my mom closer to my siblings. This required us to sell the house that my parents spent 41 years in.
Jeffrey Mogus
Get Your Free Cash Offer Now!
Fill out this form to get your no-obligation all cash offer started!
Fill In This Form To Get Your No-Obligation All Cash Offer Started!
The Key Benefits of Selling a House You Can’t Afford to Keep
If you’re feeling uncertain about selling your home quickly, working with a cash buyer like ACE HomeBuyers can be your best option. Here’s why:
- Quick Cash Offers: Cash buyers provide fast, fair cash offers, so you don’t have to wait for financing or deals to fall through.
- No Repair Costs: With a cash buyer, you don’t have to worry about spending money on repairs or updates before the sale.
- Faster Closing: You can close the sale in 7-10 days, allowing you to relieve financial stress quickly. Learn more about us now!
- No Agent Fees: Cash buyers handle everything directly, so there's no need for a real estate agent, allowing you to save on commissions and fees.
- Avoid Foreclosure: Selling to a cash buyer prevents foreclosure by allowing you to sell quickly and pay off your mortgage, even if you’re behind on payments.
This approach is especially critical if you're selling a home with a mortgage in Maryland, where traditional sales can involve delays, fees, and lender approvals.
Why Cash Buyers Are the Best Option When You Can’t Afford to Keep Your House
When you're facing financial hardship, the last thing you need is a drawn-out, complicated home sale. Cash buyers offer a faster, more reliable alternative—allowing you to sell your home as-is.
Unlike traditional buyers, cash buyers don’t require you to fix up the property.
Whether your home needs minor touch-ups or major work, you can skip the renovations and move forward immediately. They also close much faster—often within 7 to 10 days—so you get the cash you need without waiting too long for a traditional closing.
Another significant benefit is keeping more of your money. You won’t pay agent commissions, closing costs, or hidden fees. Plus, since cash buyers don’t rely on mortgage financing, you avoid the risk of loan delays or deals falling through. It’s a faster, simpler, and more secure way to sell—ideal when time and certainty matter most.
Frequently Asked Questions About Selling a House You Can’t Afford to Keep
1. Can I sell my home if I owe more than it’s worth?
If you owe more than your house is worth, you may need to consider a short sale. Cash buyers can often facilitate this process, allowing you to sell even if the house is underwater.
2. How fast can I sell my house if I can’t afford to keep it?
If you work with a cash buyer, you can sell in as little as 7-10 days—much faster than the traditional selling process.
3. What happens if I’m behind on mortgage payments?
If you’re behind on mortgage payments, selling your home to a cash buyer can prevent foreclosure. They’ll purchase the property as-is, allowing you to settle the debt quickly.
4. Will I get a fair offer if I’m selling a home I can’t afford?
Yes, cash buyers offer fair cash offers based on the current market value of your home. You’ll receive an honest offer with no hidden fees or commissions.
5. Do I need to make repairs before selling to a cash buyer?
No, you don't need to make any repairs when selling to a cash buyer. Cash buyers purchase homes as-is, saving you a lot of time, money, and effort.
Get Your Free Cash Offer Now!
Fill out this form to get your no-obligation all cash offer started!
Get Your Free Offer TODAY!
Fill In This Form To Get Your No-Obligation All Cash Offer Started!
A Fast, Fair Solution for Homeowners in Financial Distress
When you're faced with a home you can't afford to keep, selling quickly can provide the relief you need.
You can work with a cash buyer to sell your property as-is, avoid repairs and fees, and close quickly.
If you're ready to sell your home and move forward with peace of mind, contact us today for your free, fair, all-cash offer!