Selling Your House at a Loss: Consider These Options When Your Home Turns into a Financial Burden

When it’s time to sell, you put your home on the market expecting to get back what you paid, maybe even make a little profit along the way. But then you run the numbers and realize the market hasn’t moved in your favor, or your circumstances have changed. A job relocation, divorce, loss of a loved one, or unexpected financial setback can force you to sell sooner than planned. In those situations, selling a house at a loss may not be ideal, but it can still be the most practical way to move forward. Whatever the circumstances, you should act early if you’re suddenly struggling to make your monthly mortgage payment. Selling at a loss is an option, but there are other avenues you can explore before taking that step. Request an 'As Is' Cash Offer and an Agent Estimate With HomeLight’s Simple Sale Platform, you can compare a near-instant all-cash offer side-by-side with an estimation of what you might fetch selling on the open market with a top agent. For insight about selling a home during a turbulent financial time, we spoke with real estate pro Kim Batterman, a single-family home expert based in the Fox Cities area of Wisconsin. Batterman works with 74% more single-family homes than ...