If you still owe money on your garage, you might be wondering if you can still sell it. The answer is yes, but you need to follow the right steps.
1. Contact Your Lender
Before selling, inform your mortgage provider that you plan to sell the garage. They will tell you:
???? How much you owe
???? If there are any early repayment charges
2. Sell for a Price That Covers Your Debt
To avoid financial loss, try to sell your garage for a price that is higher than the remaining mortgage balance.
3. Use a Cash Buyer for a Quick Sale
Selling to a cash buyer ensures that you can pay off your mortgage faster and avoid long delays.
Final Thoughts
If your garage still has an outstanding mortgage, you can still sell it. Just ensure you follow the correct financial and legal steps to avoid issues.
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