People will often buy a house only to have their needs change as the years go by. Paying a mortgage on an unwanted house can be incredibly stressful and frustrating. We offer five ways to get out of your mortgage in Winston-Salem so you can move on with your life. The easiest and most convenient way to get out of your mortgage in Winston-Salem is to sell your house to a direct buyer. Cash Home Buyers buy houses directly from local home owners and can close in only a matter of days. Selling your house fast will save you a lot of money on holding costs, including continued utilities, property maintenance, taxes, homeowner's insurance premiums and more. Traditional listings can be effective but the process can end up taking several months while costing you a lot of money. For those who are looking to sell right away a direct sale to a Cash Home Buyer will help to save time and money, giving you the peace of mind you need. A lot of people choose to hire an agent in Winston-Salem when selling their houses, while an agent can be beneficial in some transactions. In others, the costs and fees aren't worth it. If you don't mind paying agent commissions, making repairs or waiting around for a buyer. Hiring a Winston-Salem real estate agent may be the best option for you. If you need to get out of your mortgage right way you may be better off with selling your house directly. Working with our team will help you get out of your mortgage for your unwanted house in Winston-Salem without any cost or hassle. Even if you rent out your house, you will still be paying the mortgage income coming from the rental will go to your mortgage payment and you might be able to collect the extra money. Keep in mind that all properties make great rentals and not everyone is cut out to be a landlord. Even still, if you find the right property management company, you can find great tenants, rent out your property and have someone else pay your mortgage for you. You don't necessarily have to give the property away, but you can give it to someone else and have them assume the mortgage. Maybe you have children or another family member who would be interested in having the house. You can either have them assume the mortgage if possible, or you can sell it to them for what you owe, insuring your debt gets paid off without any further penalties or fees. You will benefit by cutting your ties with the house, whereas your friend or family member will score a great deal by taking the property off of your hands. It's a win-win situation for everyone. Selling your house via rent to own works great for those who want to sell for market value and who don't mind waiting a while before the house is sold outright and they have collected the full sale price rent to own agreement will open the door to a lot of potential buyers, giving you better odds of a fast sale at a great price. Well, you won't see the full sale price right away. You will be able to collect higher than average rent a deposit and a guaranteed income for the next one to two years. Once the rental term is up, your tenant will have the option to buy the house outright. If they are unable to, the house will remain in your name and you can either choose to sell it or rent it out to another individual.