Baton Rouge Seller Uses Take Over Payment Program to Sell Townhouse Fast

Selling a house in Baton Rouge isn’t always easy, especially if you owe more than what it’s worth. That was the situation for a seller we’d been speaking to for almost nine months. He owned a townhouse in Baton Rouge and had been trying to sell the traditional way, but every offer came in too low to pay off his mortgage.

When the AC failed in the middle of a Louisiana summer, the urgency to sell went through the roof. He didn’t have the cash to make repairs, and the property was sitting on the market. That’s when our take over payment program became the perfect solution. Instead of paying off his mortgage with a cash offer, we took over the existing loan, allowing him to walk away without bringing money to the table.

This creative purchase method not only helped the seller but also gave us a great rental property. The townhouse has a roommate-friendly layout with two bedrooms, each with its own toilet, and a shared shower. It only needed minor repairs like paint, sheetrock work, and a cooktop replacement.

This deal is a great example of how we work with sellers who may be upside down on their mortgage or stuck with a property that needs repairs they can’t afford. Sometimes, a cash purchase is the right fit but other times, creative solutions like our take over payment program can get the deal done.

You can watch the video to see the property and hear more about the situation, or read the video transcript below.

Video Transcript

Hey guys, Aussie Steve here from Home Buyer Louisiana. We buy houses in any condition in Louisiana, including right here in Baton Rouge. I’m standing at a townhouse we’re looking to purchase using our take over payment program.

The seller has been trying to sell his Baton Rouge home for a while, we’ve actually been talking for about nine months. The challenge is he owes about what the property is worth, so selling the traditional way has been really difficult.

We discussed different options, and the best fit for him was for us to take over his mortgage instead of paying it off in cash. This creative solution can be a great option when you’re upside down or have little equity in your home.

The main reason he’s ready to sell now is because the AC went out. In the Louisiana summer (especially here in Baton Rouge) that’s a big problem, and repairs can be expensive.

We really like this property’s layout. It has two bedrooms, each with its own toilet, and a shared shower. That makes it perfect as a rental, especially for roommates.

Condition-wise, it’s actually in decent shape compared to a lot of houses we buy. It just needs some painting, a little sheetrock repair, and the cooktop replaced. There’s also a small repair needed from a bathroom leak.

Overall, this will make a solid rental for us, and it’s another example of how we can help homeowners in tricky situations by offering more than just a cash offer.

So, if you need to sell your house fast in Baton Rouge, whether you’re upside down on your mortgage, facing repairs you can’t afford, or just need a quick solution, reach out to us. We buy houses for cash in any condition, and we also offer creative solutions like our take over payment program.

Contact us at homebuyerlouisiana.com and let’s see how we can help.

Selling a house in Louisiana or Mississippi?

Home Buyer Louisiana helps homeowners across Greater New Orleans, Kenner, The Westbank, The Northshore, Baton Rouge, Lafayette, and the Mississippi Gulf Coast sell quickly and easily. Whether you’re dealing with an upside down mortgage, inherited property, costly repairs, or just need to move fast, we can provide cash offers and creative solutions tailored to your situation.