5 Reasons Why it is Better Sell Than Refinance Your Home in Indianapolis

sell Indianapolis house fast instead of refinancing your mortgage

If you’re considering whether you should refinance your home in Indianapolis, it’s important to carefully evaluate your options. While refinancing can be beneficial in many situations, there are circumstances where selling your home may actually be a better choice. In this blog post, I’ll discuss five reasons why selling your home can be a more advantageous decision than refinancing.


Equity is the key to unlocking the true value of your property. It represents the portion of your home that you own outright, without any mortgage or financial obligations. When it comes to selling your house in Indianapolis, having a solid exit strategy is essential for maximizing your returns. It’s crucial to stay informed about market conditions and adjust your strategy accordingly. By selling your property when prices are high, you can capitalize on the equity you’ve built up over time. Waiting for a better price is tempting but can be risky, as it may cause you to miss out on the opportunity to leverage your equity. In many cases, it may be better to sell than to refinance your home.

Changing Needs

Have you outgrown your starter home in Indianapolis? If so, you may find it easier and more cost-effective to buy a new home that is specifically designed to meet your needs, rather than trying to renovate or add on to your current property. Renovations often uncover expensive issues, making it more advantageous to sell your home rather than refinance, especially if it is older or in disrepair. By selling directly to a Indianapolis cash home buyer like 317 Home Buyers, you can save both time and money, avoiding the need for inspections and appraisals.

Current Income

If your income suddenly changes due to loss of a job or unexpected medical issues, you may not even be able to refinance your home. Selling now allows you to pay off your existing mortgage while moving into a more affordable property. This not only relieves the financial burden but also reduces your annual property taxes, providing long-term savings. Choosing to refinance your home may only delay the inevitable, so selling is a better option for securing your financial future.


If you find yourself burdened with significant debt, it may be due to circumstances beyond your control. In such situations, if you refinance your home, you’re not actually relieving yourself of the debt – you’re only restructuring it. A better choice may be to actually reduce your debt by selling your home in Indianapolis. This can provide you with enough equity to finance a more affordable housing option. By selling your home before your credit is negatively affected, you can avoid further financial strain. Additionally, carrying excessive debt may make it difficult for you to qualify for additional credit. Even if a lender approves you for a loan, the high interest rates could result in you losing the opportunity to build equity over time.


When it comes to your credit, late or missed payments can have long-lasting effects. That’s why, in Indianapolis, it’s often better to sell instead of refinance your home. As time goes on and your credit worsens, your credit rating will drop and some of your lenders may even increase the interest rates on your existing lines of credit. This is especially true if you’re facing the possibility of foreclosure. It’s crucial to face your financial challenges head-on and take swift action. Foreclosure can be a devastating experience, both personally and financially, and it can stay on your credit history for up to seven years.

If you’re considering selling your home in Indianapolis, it might be more beneficial to sell directly to 317 Home Buyers instead of going through the hassle of refinancing. Whether you’re looking for a financial solution or simply no longer feel connected to your property, selling now can put you ahead of the game. With 317 Home Buyers, there’s no need to wait around for the perfect Indianapolis cash home buyer and offer because you’ve already found us.

At 317 Home Buyers, we prioritize listening to our clients and understanding their unique situations. We’re committed to guiding you through every step of the selling process, explaining everything along the way. We have assisted numerous individuals in similar situations, and we have the expertise to handle everything for you. From the initial consultation to the final day of closing, we’ll be by your side, providing reliable support.

Don’t hesitate to reach out to 317 Home Buyers with any questions or concerns you may have. We’re here to help solve your problems and provide you with the best possible solution. If you need to sell your house fast in Indianapolis, please complete our web form or call 317-623-4734 today!

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