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About Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.

You are here: Experts > Shopping > Home Buying/Selling > Buying or Selling a Home > Lien on a House

Buying or Selling a Home - Lien on a House

Expert: Jessica Bryan - 10/30/2009

Question
I am going to put my mom's house up for sale in March 2010. At this time, there is a lien on the house in the amount of $9,500 - should I pay it off before I place the house on the market or is it no big deal to wait and pay it off with the proceeds from the sale of the house? Will a lien deter a potential buyer?

Answer
Hello;
The lien can be a deterrent for a potential buyer since title search will show the lien on the property. You can counteract this by disclosing that the lien will be paid from sale proceeds but this will mean that you must have enough from the sale. Don't accept an offer that is lower than the required amount to pay off everything. Of course, not knowing if there is also a loan to paid off or if the home is free of any mortgage can make a difference. It is for you to decide if the sale proceeds are ample to pay everything off. Then, discuss with the closing attorney so he/she is aware of the intention to pay off everything so that title can be delivered free and clear of any encumbrances.

Best wishes,
Jessica Bryan

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