2007-03-19 12:57:49 · 5 answers · asked by sin_cere33 1 in Business & Finance ➔ Renting & Real Estate
The most important factor in selling your house is the price for comparables in your area. This will determine the speed at which your house sells. The real question you have to answer is what is the motivation for refinancing if you are selling within a relatively short horizon (12-24 months), because unless you are trying to raise cash, then refinancing will have limited value in this period. If you are reducing your equity, then the question becomes how much do want to make on the house at closing. The refinancing has transaction costs you have to consider, and given the housing market, you will have to factor in paying something toward closing costs. After looking at all of these items, you have to determine if the refinancing is worth it or if selling is worth it. Hope this helps!
2007-03-19 13:08:26 · answer #1 · answered by gt8672 1 · 0⤊ 0⤋
depends on the refi and how much is left owed on it. Typically its not that big of a deal IF like the previous poster said you overprice your home. Now is not really the time to sell (unless you absoulety have to) because of what is going on with the mortgages. Good luck though
2007-03-19 20:02:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No. It souldn't influence the selling price, unlerss you have gone for 100% and now it isn't worth that much. The biggest effect is that your cash at closing will be smaller.
2007-03-19 20:01:09 · answer #3 · answered by ttpawpaw 7 · 0⤊ 0⤋
No!
What makes it harder to sell is asking for more than its value in your market area
2007-03-19 19:59:56 · answer #4 · answered by Anonymous · 1⤊ 0⤋
------------NO--------- In fact if you ever sell it in the future you should get more for it.
2007-03-19 20:01:15 · answer #5 · answered by Anonymous · 0⤊ 1⤋