Sellers Sell for More With Assumable Loans
I've done a lot of different stuff in real estate from ground up development to rental stabilizations to a few hundred flips and wholesales, but some of my biggest wins are seeing other people succeed. I have two stories of sellers that got out of difficult situations and think it's a huge benefit for everyone else to know about it!
Sellers — if you’ve got an FHA or VA loan with a low balance, you might be sitting on a hidden goldmine.
Success Story 1👇
A client in Fallon, NV had started renovations—tore out the kitchen, bathroom, and flooring—then realized they couldn’t afford to finish. She had only $30K in equity and wanted to sell to my flipping company just to get out. The issue was she only had $30k in equity so we couldn't buy it...
But instead of losing that equity, we found a creative solution. Her VA loan rate was under 3%, and even though the house was mid-remodel, we listed it and a buyer was happy to take over that low payment. The deal took about two months (assumables always do), but the seller walked away with cash in hand—avoiding a potential foreclosure - on a property that wouldn't have appraised. The bathrooms were torn out, kitchen was wrecked and there was no flooring.
Success Story 2 ⭐️
Another win in Fernley, NV: a seller with a messy home, chickens in the backyard, and a deployment deadline. Market value? Around $330K. We sold it for $365K because a buyer wanted her assumable VA loan. It allowed her to actually walk with some cash and for the buyer it was a huge plus to get a smoking deal.
For the right property, an assumable loan can create a win-win — buyers get a lower rate, and sellers net more.
- Wesley Pittman
