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How to Sell Your House in North Carolina if You Owe More Than It’s Worth

Being in a situation where you owe more on your home than it is currently worth, known as an underwater mortgage, can be challenging, especially if you need to sell quickly due to personal or financial circumstances. The stress of selling a house under these conditions can be overwhelming. However, understanding your options can help you feel confident in your final decision about how you sell the house, which can significantly impact how much you profit. In this article, we explore how to sell your house in North Carolina if you owe more than it is worth.


The biggest cost that you will face when selling your house the traditional way are Real Estate broker commissions, which can total as much as 5-7% of the total selling price of your house. These add up fast when you’re trying to sell your house in North Carolina if you owe more than it is worth, and may leave you owing money at the closing table. It’s a really bad feeling having to write a check to sell your house, assuming you have the extra cash in in the first place. However, professional buyers like those at Zack Buys Houses never charge commissions, and there are no hidden fees when you sell your house directly. Instead, at Zack Buys Houses, our local professional buyers offer in cash the exact amount you’ll have in hand after closing. And you won’t pay closing costs because at Zack Buys Houses, our professional buyers provide a full-service in-house team of industry specialists to handle everything quickly and efficiently, allowing us to offer a guaranteed closing date, often within days. Or if you need more time to move just tell us… we’ll talk about selecting the best day for your closing, and we’ll work with you on the best timing for you. We aim to making selling your house as hassle free as possible.

Prep and Repairs

To maximize your profits when selling your house in North Carolina, consider making necessary repairs and enhancements to increase its appeal to potential buyers. However, this process can be time-consuming and costly, especially if you are facing the challenge of selling a property that is worth less than what you owe. At Zack Buys Houses, our team of professional buyers can provide you with a detailed analysis comparing the potential profits from making improvements and listing your home versus our offer to purchase it as-is. Opting for a direct sale to Zack Buys Houses eliminates the need to pass inspections or worry about costly repairs, as we take on all associated risks. By selling directly to us, you can also bypass the need for extensive preparations and the inconvenience of hosting showings.

Current Market Value

If you’re facing the risk of foreclosure due to falling behind on payments in North Carolina, it’s crucial to act swiftly. If selling your house in North Carolina won’t cover what you owe, a short sale could be the solution. Zack Buys Houses specializes in short sales and can guide you through the process to prevent bankruptcy or foreclosure. Our skilled negotiators will coordinate with your lender on your behalf, shielding you from the detrimental effects of inaction, such as severe credit score damage.

When you find yourself in a situation where you owe more on your house in North Carolina than its current worth, a direct sale to a professional buyer at Zack Buys Houses may be the ideal solution. The team at Zack Buys Houses prides themselves on offering a quick and straightforward process that prioritizes transparency. As your neighbors in North Carolina, we are dedicated to supporting the local community and ensuring our clients have all the information they need to feel confident about their decision—even long after the deal is done. Reach out to Zack Buys Houses today at ‪(704) 769-0141‬ to explore your options.

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