Selling a House With a Reverse Mortgage? Here’s What Washington Homeowners Need to Know

Reverse mortgages can offer financial relief during retirement, but life circumstances sometimes change. Whether you’re facing a move to assisted living, the passing of a spouse, or the need to relocate or downsize, you may be wondering: Can I sell a house with a reverse mortgage?

The answer is yes, but the process can be confusing without the right guidance. At REI Branded Home Buyer, we help homeowners throughout Washington State sell homes with reverse mortgages — quickly, fairly, and without complications.

Whether you’re in Spokane, Seattle, Yakima, Tacoma, or rural Washington, we’re a trusted cash home buyer that specializes in navigating complex real estate situations like this.

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What Is a Reverse Mortgage? (And Why It Matters When Selling)

A reverse mortgage allows homeowners aged 62 or older to convert home equity into cash. Unlike a traditional mortgage, the lender pays you — and repayment isn’t required until:

• The homeowner sells the home
• The homeowner passes away
• The homeowner moves out permanently

Because of this, selling a home with a reverse mortgage triggers repayment of the loan balance — and you must either pay it off or sell the house to cover the amount owed.

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Why Washington Homeowners Sell Homes With Reverse Mortgages

Here are a few common reasons we’ve seen:

• The homeowner needs to move into a care facility or assisted living
• The home no longer fits their lifestyle (too big, costly, or hard to maintain)
• A surviving spouse or heir needs to settle the estate
• Property taxes or insurance are rising and becoming unmanageable
• There’s a desire to move closer to family

In all of these cases, the house must usually be sold in a timely manner — before interest, taxes, and other costs mount.

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How REI Branded Home Buyer Helps

If you’re looking for a fast, hassle-free sale of a home with a reverse mortgage in Washington, we’re here to offer easy home buyer solutions that work on your timeline.

✅ We Buy As-Is

No repairs, cleaning, or prep needed — we buy homes in all conditions.

✅ We Pay Cash

You don’t have to wait for a traditional buyer or mortgage approval.

✅ We Close Fast

Need to settle quickly to pay off the loan or meet a deadline? We can close in as little as 7 days.

✅ We Handle the Details

We’ll help you coordinate with your reverse mortgage lender, title company, and heirs or family members, if needed.

✅ No Commissions or Fees

There are no hidden costs, and you walk away with the proceeds after the mortgage is paid off.

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Selling a Reverse Mortgage Property: What to Expect

If you decide to sell, here’s what the process typically looks like:

1. Contact Your Reverse Mortgage Lender

Request a payoff amount (this is called a “mortgage payoff statement”). It tells you how much is owed on the loan — including interest and fees.

2. Contact REI Branded Home Buyer

Call us at 509-769-3439 or fill out our short form. We’ll schedule a quick walkthrough (in-person or virtual) and provide a fair cash offer within 24–48 hours.

3. Review Your Offer and Decide

There’s no obligation. If the offer works for you, we’ll begin the closing process.

4. We Coordinate the Sale and Payoff

We work directly with your title company and lender to ensure the reverse mortgage is paid off properly at closing.

5. You Get Paid

After the mortgage is paid off, any remaining proceeds go directly to you or your heirs.

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Can You Sell a House If the Owner Has Passed Away?

Yes — but the process is different. If a loved one passes away with a reverse mortgage in place, the heirs (usually next of kin or the executor of the estate) must:

1. Notify the reverse mortgage lender of the death
2. Request a payoff amount
3. Decide to either repay the loan or sell the property

REI Branded Home Buyer works directly with heirs and probate attorneys to make this process less stressful. We’ll help you understand your options, avoid foreclosure, and settle the estate smoothly.

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We Buy Homes With Reverse Mortgages Across Washington

Whether you’re in a city or rural area, we buy homes in:

• Spokane
• Seattle
• Tacoma
• Vancouver
• Olympia
• Everett
• Kennewick
• Yakima
• Bellingham
• And many more towns and counties across Washington

We’ve helped many homeowners in your situation — and we’re ready to help you too.

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FAQ: Selling a Home With a Reverse Mortgage in Washington

Q: Can I sell a home with a reverse mortgage before I die?
A: Yes. You can sell at any time, but the reverse mortgage must be paid off with the proceeds of the sale.

Q: What happens if the sale amount doesn’t cover the loan?
A: If your home sells for less than the loan balance, most reverse mortgages are insured by the FHA and your heirs or estate won’t be responsible for the shortfall.

Q: How long do heirs have to sell the property after death?
A: Typically, lenders give 6–12 months, though extensions can be requested. Acting quickly avoids complications.

Q: Will I owe taxes or fees?
A: No, selling directly to REI Branded Home Buyer means there are no commissions or hidden costs.

Q: What if I need more time to move out?
A: We offer flexible timelines so you can sell now and move when you’re ready.

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Your Trusted Cash Buyer for Reverse Mortgage Sales in Washington

At REI Branded Home Buyer, we understand the unique challenges of selling a home with a reverse mortgage. We’re a local Washington cash home buyer with years of experience helping homeowners sell properties quickly and with dignity.

📞 Call us now at 509-769-3439 to speak with a team member or request a no-obligation cash offer.

We’re here to help you take control of your home sale — and your future — one easy step at a time.