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Can You Sell a Home with a Mortgage in Maryland?
You can sell a house in Maryland even if there's a mortgage still attached to it. When selling a home with a mortgage, the proceeds will go toward paying off your outstanding loan balance.
If the sale price is higher than your mortgage balance, you'll pocket the difference. But, if it exceeds what you owe, the remaining amount becomes part of your home equity, which you'll receive at closing.
A cash buyer like ACE HomeBuyers can expedite the selling process, preventing long delays. We buy houses in Maryland as-is, so you won't need to worry about repairs, cleanouts, or waiting for financing.
It's especially crucial if you're dealing with an empty property that's no longer serving you. Selling a vacant home without extra costs—like maintenance, utilities, or unexpected repairs—can free you from the responsibilities of managing an unused space.
The House Selling Process: Simplified and Stress-Free
Selling a property in the Maryland real estate market, especially when dealing with a mortgage, doesn’t have to be complicated. With a cash buyer, the process becomes streamlined and stress-free.
Here’s a simple breakdown of our home-buying process:
1. Request an Offer
Start by providing basic information about your home, including its condition and location. With a cash buyer, this step is quick and simple—no need for professional appraisals or lengthy negotiations.
2. Receive a Fair Cash Offer
Once your details are reviewed, you’ll receive a fair cash offer within 24 hours. The offer will reflect current market conditions and compare against similar properties in your area.
3. Review and Accept the Offer
Once you accept the cash buyer's offer, they'll handle the rest. You'll have the opportunity to choose a closing date that fits your schedule.
4. Close and Get Paid
The final step is the closing process, which is faster with a cash buyer. You won’t have to worry about financing, transfer taxes, or last-minute issues that typically delay closings.
Selling your home through a cash buyer makes the entire process smooth and efficient, so you can quickly get the relief you need, especially during a financial crisis.
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 Pros and Cons of Selling a Home with a Mortgage
Like any major decision, selling a home with a mortgage comes with pros and cons worth weighing carefully. On the plus side, working with a cash buyer like ACE HomeBuyers allows you to close in as little as 7–10 days. Learn more about us here!
You can sell the home as-is, avoiding costly repairs, and there are no agent commissions or closing fees—so you keep more of the sale price.
If you're falling behind on payments and want to avoid impacting your credit score, selling quickly may be your best option.
However, if your home is worth less than what you owe, you may need to navigate a short sale, which can be more complex. While selling fast provides relief, it might mean accepting a lower offer than you’d get through a traditional sale—but for many, the speed and certainty are worth it.
At the end of the day, if you're holding onto a house you can't afford to keep, selling to a cash buyer may be the most practical way to regain control. It allows you to cut ongoing expenses, avoid falling deeper into debt, and move forward with a clean slate.
Why Cash Buyers Are the Best Option
for Selling a Home with a Mortgage
When you’re selling a home with a mortgage, choosing a cash buyer offers several advantages that make the process easier and faster:
- No Repairs Needed: Traditional buyers typically expect homes to be in good condition, but with cash buyers, there’s no need to invest in repairs or updates.
- Faster Closing Times: Traditional sales can take 30 to 60 days or more to close, especially with financing delays or inspection issues. In contrast, cash buyers can close in as little as 7-10 days.
- No Real Estate Agent Fees: In traditional sales, you’ll often pay 5-6% of the sale price in agent commissions. But cash buyers don't require agent fees, meaning you get to keep more of the sale price.
- No Financing or Loan Approval Delays: Since cash buyers don’t rely on mortgage financing, there’s no risk of delays from loan approvals or financing issues.
Choosing a cash buyer also eliminates the need to impress a prospective buyer through repairs, showings, and negotiations. This way, you can focus on what matters most: moving forward with your life.
Frequently Asked Questions About Selling a Maryland House with a Mortgage
1. Can I sell my home in Maryland if I still owe money on the mortgage?
Yes, if you still owe money on the mortgage, you can sell your Maryland home! The proceeds will go toward paying off your outstanding mortgage, and you'll pocket the difference if there's any remaining balance.
2. What is a short sale, and how does it work?
It occurs when the sale price of your home is less than the amount you owe on your mortgage. In this case, the lender agrees to accept the sale price as payment in full, potentially forgiving the remaining mortgage balance.
3. How long does it take to sell a home with a mortgage in Maryland?
Selling to a cash buyer can take as little as 7-10 days, which is much faster than the traditional process (30-60 days), especially if there are financing or inspection issues.
4. Do I need to make repairs before selling my home with a mortgage?
No. Cash buyers purchase homes as-is, so you don’t need to worry about making repairs before selling.
5. Will I get a fair offer if I sell my home with a mortgage?
Yes. A reputable cash buyer will offer a fair price based on your home’s current market value and condition. You’ll receive a transparent offer with no hidden fees or commissions.
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!
Get the Quick, Fair Sale You Deserve
Selling a home with a mortgage can seem daunting, but working with a cash home buyer can make the process much easier.
Whether you’re looking to avoid foreclosure, move on from a financial crisis, or simply need a quick sale, a cash buyer can provide the solution you need.
If you’re ready to sell your house in Maryland and move on fast, contact us today for a free, fair cash offer.