One of the most commonly asked questions when a house is sold is what happens to the mortgage. This is a common concern for homeowners who still have a balance on their home loans. The lender still needs to be paid for the services rendered.

Selling property can take time. You must list your house and have it marketed. You will probably host several open house showings before you start receiving offers. Once you have accepted a specific offer, it may still take several weeks until the closing process has been completed.

Home sellers have a lot to think about. They must come up with an asking price for their home and start to market the property. They must get things in order for open house showings and come up with an asking price that’s appropriate for the current market conditions.