we are moving to the other side of the country, after our down payment, what we have put into the house, capital gains, realtor fees and all of our payments to the bank minus what we would have paid for rent elsewhere, what we have paid down on mortgage and all of the rebates we got we will end up with at a 14,000 profit- that is the bottom of the pool of similar homes that have sold in the last 6 mo. there is about a 25,000 difference between the lowest priced one and the highest similar home in my neighborhood so we could but most likely wont get up to say 35,000 in profit. would I be better off trying to rent out of state? will my mortgage on the house we buy in wa's rate be higher because it is a second mortgage? what do you think? Please dont tell me I dont know what my house is worth- the "similar houses" are all missing second bath, updated kitchen, most donthavewood floors new bath, newer windows, new roof, new water heater, sump pump, fin basement new hvac and appliances
2007-09-05
13:38:11
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10 answers
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asked by
mommy to be of 3
3
in
Renting & Real Estate