Trying to sell your home can be a hassle, but trying to sell your negative equity home can be an extreme source of stress. If you find yourself in this case, then continue reading to learn about selling your home from underwater.
Selling your home is stressful, but trying to sell your home that you owe more than it is worth is a nightmare. You are riddled with questions and at a loss for answers, and the housing market seems to be against you at every corner. If this describes you, then you are at the right place because Home Options in Tampa, Florida, is here to help you through this type of home sale with professional advice and trustworthy home-buying services.
Before we jump into some of your home selling options, we at Home Options want you to know that we pay cash for homes efficiently and fairly in the New Port Richey, Florida, area. Selling your home for cash allows you to skip agent fees and mandatory repairs and renovations. This home-selling option also speeds up the home-selling process, liquidating your money more efficiently. There are countless other advantages to home selling your home for cash, and you can reach out to Home Options at any time for more information and a free consultation. If selling your home for cash appears to be the answer to your problem, then contact Home Options, now, and we will set up your free consultation and estimate appointment.
As we said earlier, selling a home that is worth less than you owe on it is stressful, and we at Home Options know that you have a lot of questions. Not to worry! We are here to answer those burning questions and direct you in the way of successfully selling your negative equity home.
American households control nearly $26 trillion in owner-occupied real estate, according to the Federal Reserve’s 2019 report on household balance sheets. That’s more than the value of all the mutual funds and corporate shares they own. (1) However, just because this much money is tied up in owner-occupied real estate does not mean that the actual value of the homes is worth this much. This negative gap between the actual worth of the home and the amount owed on the home is called negative equity, and it is, sadly, very prevalent in American housing markets. However, if you find yourself in this scenario, you need to understand that you have options when it comes to selling your home!
These are four common solutions to selling a negative equity home, but we would be happy to offer more information and counselling if you will only reach out to Home Options! Even more, if you decide to sell your home soon, then you can always trust Home Options for a fair and competitive cash offer that will accelerate the sale of your home.
If your home is currently worth less than the difference you owe on the loan, then your home is deemed “underwater,” meaning that you have negative equity in the home. If this is your situation, then your best option is to delay selling the home. By waiting to sell, you are giving the housing market time to improve and buying yourself time to raise your home’s value, potentially bringing you above water and out of negative equity when you get ready to sell. If this is not an option for you, then you can speak with your lender and work to arrange a plan for covering the difference you owe after selling the home.
A short sale occurs when your lender agrees to write off your remaining mortgage balance after the sale of your negative equity home. While this seems ideal on paper, there are some drawbacks. For example, your credit will definitely suffer, creating issues the next time you need to apply for a loan.
You will incur a loss on the sale of your home if you sell it for less than what you owe on it. This is called having negative equity in your home, and it can be financially damaging to your credit.
Negative equity homes are broadly scattered across America, and they can be damaging to the homeowner’s credit and financial status. If you have negative equity in your home and are currently looking to sell, then you are probably asking countless questions regarding the sales process of your underwater home. While this is a stressful situation, there are various options that you have to successfully sell your negative equity home, and you can always reach out to Home Options for more information. Also, we buy houses in Hernando County, so you can depend on a fair and competitive cash offer from Home Options whenever you want to sell your home fast!
![Cash House Buyer in [market_city]](https://homeoptions.us/wp-content/uploads/2025/07/Justing-Setzer.png)
Justin Setzer is a seasoned real estate investor and the founder of Home Options Group, a company that buys houses for cash in Tampa, Florida, and throughout the state. He specializes in helping homeowners sell quickly—whether due to foreclosure, inheritance, or other urgent situations—by providing fair, no-obligation cash offers and flexible closings. With a deep understanding of the Tampa real estate market, Justin is committed to making the home-selling process simple, stress-free, and pressure-free.