- This topic has 22 replies, 1 voice, and was last updated April 10, 2007 at 8:08 pm by .
- April 10, 2007 at 8:08 pm #251511Guest
Herlean, what kind of equity do you have in your current home? Will you
walk away with $$ after the fact? The housing market is not working in a
sellers favor right now, have you had an analysis done to see what the
current market value is? I am a Realtor and also a Mortgage Loan Officer
so the first ideas that run into my head are What are you going to gain
vs. What are you sacrificing. A realtors fees vary but I definately do not
advise trying it on your own if you are already stressed and in a
financial bind. Where I live, Realtors get 6% of the sale price.
> I am still debating selling our current house (a single family residence
> with a yard) and moving into a condo. Among the ideas that are running
> through my head:
> Will getting a condo that is less expensive than our current home
> really save money? What about condo fees? Will they negate the
> savings in house payments? Will we ever be able to afford to buy a
> house like this one we currently have again in the future, since real
> estate appreciates? I really want our kids to grow up in a house
> with a yard to play in, like we have now, but the debt situation
> sometimes seems like a mountain crushing down on us and I wonder if
> one is truly better than the other. Ideally, we want to keep our
> current house, but if we have to sell and move, how much does a
> realtor cost? The cost of storage of our stuff while open houses
> are running? Very little extra $$$ for a storage unit. Forget pods
> like you see on t.v., they are really expensive. will we truly be
> saving money by moving? the cost of preparing the house for sale,
> packing, storage, moving, finding another place, paying the realtor,
> fees associated with all that (does anybody truly know what the costs
> we won’t tell. get more on shows you hate to love
> (and love to hate): yahoo! tv’s guilty pleasures list.
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