Complex Home Equity Line of Credit situation solved by HomeBuyers of Pittsburgh
A local homeowner, Linda, recently took out a HELOC loan (Home Equity Line of Credit) to make several updates and repairs on her Wexford-area home, updating the hardwood flooring, renovating the bathrooms, and repainting the interior.
Due to unforeseen circumstances, the HELOC loan was not paid off in time.
Due to the missed payments, the variable interest rate of the HELOC loan skyrocketed.
Linda needed to find a quick solution as she was unable to keep up with a mortgage and the HELOC payments simultaneously.
Initially, she was looking to list her home, located in McCandless Township, on the open market. When she came across an ad from HomeBuyers of Pittsburgh, she reached out to their team to explore all of her options.
The HomeBuyers of Pittsburgh team helped Linda determine her property was not in an ideal condition to list on the market. If listed on the open market, there was a chance that the house would sit for a while, potentially more than 90 days. Due to the variable interest on the HELOC loan, Linda needed to sell her home quickly. With existing water damage to the subfloors and the kitchen still needing significant updates, she decided to sell her home for cash. The HomeBuyers of Pittsburgh team gave her a fair, cash market value for her home and were able to close quickly.
Linda shared her feedback in working with the HomeBuyers of Pittsburgh team. “I was going to list my house with a realtor until I saw the HomeBuyers of Pittsburgh ad. I called and had a meeting with Ryan and decided to sell my house to them. I needed a quick sale and they made that happen. Very professional and excellent communication throughout the process. My closing was yesterday and the notary came to my new location rather than me driving to Greentree to sign the paperwork. Outstanding company to work with!”
For many homeowners looking to sell, they often don’t realize all of their options available to them. The HomeBuyers of Pittsburgh team offers a comprehensive evaluation in their easy three-step process to help determine what direction is ideal for each home owner’s unique situation.
Ryan Scialabba, owner of HomeBuyers of Pittsburgh and licensed Realtor, says, “The nice thing about working with us is that we give people options that they didn’t know they had. We take a consultative approach to working together and look for the best solution to get you to the next chapter as easily as possible. Whether that means listing the home or giving a quick cash offer, we have multiple avenues and work to give customers the best experience possible.”
The HomeBuyers of Pittsburgh team takes pride in their commitment to each individual seller and making the home-selling process as simple and hassle-free as possible.
The proof is in the track record: five years of A+ BBB history, 125-plus 5-Star Google Rating, 2022 Best Places to Work #1 PBT, 2022 TribLive Best of the Best (third year running), featured in Pittsburgh Post-Gazette, Pittsburgh Business Times as the #1 Fastest Growing Company in 2019, INC. 5000 #747 and #541 Fastest Growing Private Company in the Nation, seen on KDKA/CBS, and heard on KDKA-AM Radio Monthly as your Pittsburgh Real Estate Experts.
For more information about HomeBuyers of Pittsburgh, call 412-214-9787, visit homebuyersofpittsburgh.com or email info@urbanpgh.com.
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