I need to know before sep or Oct 2006 will this house be sold and my husband gets the job we are keen on?
2006-09-13 02:36:01 · 16 answers · asked by drbabithanaveen 1 in Business & Finance ➔ Renting & Real Estate
I'll buy it before the month is over if you lend me the money
2006-09-13 02:45:24 · answer #1 · answered by straightandstalwart141 5 · 0⤊ 0⤋
Not sure if this would help. Usually, a housing market correction last for years. It is unlikely things will brighten up in a few months, afterall, this bubble took 5 years for form.
It might be better to give some discount so you unload the house quickly and can use the gain of the home to make money elsewhere quickly. At the same time, you will save money by not paying mortgage for the next 5 months.
For example, if mortgage is $2500/mo. and you have $300,000 gain sitting in the house, by selling it now rather than 5 months later will save you $12500. It will also earn you as much as $7000 from interests (Assuming CD are paying 5.5% or higher).
Total financial benefit for selling early would be $20,000. I would give buyer some discount just because of that.
Finally, keeping a house in selling condition is a lot of work. If your realtor does staging, it costs extra to rent furnitures. If you are living in the unit, it takes extra effort to keep it clean. So, sell it fast!
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514
2006-09-14 05:29:15 · answer #2 · answered by Price is what you pay for value. 3 · 0⤊ 0⤋
I will preface my answer by telling you that I am a licensed Realtor® in the state of Arizona.
Without particulars I would have a great deal of trouble answering your question.
Keep in mind that even after a offer has been offered and accepted, it will take a minimum of 10-14 days for the property to close escrow.
My advice is to talk to your agent and make sure that the home is priced aggressively to attract buyers.
Good luck with the sale of your home.
2006-09-13 17:04:26 · answer #3 · answered by Stephen Newman 2 · 0⤊ 0⤋
Depends upon the market where you are, and where your property sits in that market. If you need to sell, price accordingly below the market. And there's always the element of random chance in "is anyone interested enough to make an offer?" Still, you only need one.
2006-09-13 10:13:40 · answer #4 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
well consider you are asking a question that none of us can answer i would say no. We can't tell the future and you have given us no info on the house, your real estate market, or the price. Do you even know?
2006-09-13 09:40:35 · answer #5 · answered by Chris T 2 · 1⤊ 0⤋
Magic 8 ball says no
2006-09-13 09:38:39 · answer #6 · answered by Kristie 2 · 0⤊ 0⤋
How is anyone supposed to know this? Oh wait, someone might have a crystal ball.
2006-09-13 09:38:54 · answer #7 · answered by J D 5 · 0⤊ 0⤋
Probably not in this market unless it is priced to be sold.
2006-09-13 09:37:47 · answer #8 · answered by barter256 4 · 1⤊ 0⤋
loans take 1-5 weeks to make happen. if the buyer is really qualified.
2006-09-16 14:51:40 · answer #9 · answered by Original Credit Guru 3 · 0⤊ 0⤋
look into the Crystal Ball....for answers
2006-09-13 09:43:31 · answer #10 · answered by Mopar Muscle Gal 7 · 0⤊ 0⤋