How to Sell a Home With a Mortgage in New Braunfels, TX

How do you sell a home with a mortgage in New Braunfels, TX? 

You can sell a home with a mortgage in New Braunfels by using the proceeds from the sale to pay off your loan. The title company coordinates the payoff at closing, ensuring your lender is paid in full. Cody Posey guides sellers through this process to make it smooth and stress-free. 

Can You Sell a Home if You Still Have a Mortgage? 

Yes, selling a home with a mortgage is not only possible—it’s common. In fact, most homes sold in New Braunfels still have an outstanding mortgage. When you sell, the loan balance is paid off directly from the sale proceeds at closing. 

The title company ensures the funds are distributed properly: the mortgage is paid first, and the remaining balance goes to you as the seller. This process protects both you and the buyer by clearing the title of any liens. 

Step-by-Step Process of Selling with a Mortgage 

Here’s what the process typically looks like when selling a mortgaged home in New Braunfels: 

1. **Contact Your Lender:** Request a mortgage payoff statement, which shows the exact balance owed, including any fees or interest. 
2. **Hire a Realtor:** Partner with a local expert like Cody Posey to price and market your home effectively. 
3. **List and Market Your Home:** Cody leverages MLS, digital advertising, and professional photos to attract buyers. 
4. **Accept an Offer:** Once you agree on terms, Cody helps you navigate negotiations and contingencies. 
5. **Closing Day:** The title company uses the buyer’s funds to pay off your mortgage, ensuring a clean title transfer. 

Challenges of Selling a Home with a Mortgage 

While the process is straightforward, challenges can arise. If your home’s value is lower than your remaining mortgage balance, you may be in a negative equity situation, also known as being 'underwater.' In this case, a short sale might be necessary.