Tag Archives: selling home at a loss

Think Twice Before Selling Your Home At a Loss

If you really must sell for personal reasons, then why ask the question? Get the best possible price that you can.

However, if you are still in doubt and uncertain about selling now, then I can try to provide you with some guidance. But this is your decision to make. All that the pundits and the fortune tellers can do is make suggestions; we cannot see into the future.

Contact the appraisers at www.scappraisals.com to help you determine the value of your property before selling. 

The economy is moving forward, albeit slowly. Mortgage interest rates remain extremely low, which means people can buy or refinance as long as they can qualify for loans under the current strict mortgage lending policies.

Why do you want to sell? If you sell your primary house, where will you live? Have you considered the alternatives? Will you have a profit on either or both houses or are both underwater? That makes a big difference.

Can you afford to hang in there for perhaps another year, or is the cost of the two properties (mortgage, taxes, insurance and upkeep) hurting you financially?

Read more at: http://www.chicagotribune.com/business/yourmoney/ct-home-0420-benny-kass-20120420,0,2844472.story

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