Real Estate Question? - calloway real estate investment trust
Hello,
I have a friend who was at home for a year. Recently, loss of employment and not in a position to make payments. I believe it is now five months with the payment of your house and try to sell your house. Unfortunately, your broker for a buyer (120,000.00) found, but the house is worth or who paid 180,000.00 and is charged with advising the closing costs 9000.00. I believe that something is wrong with this picture.
Any advice please ....
Thanks
Yolanda Calloway
Tuesday, January 5, 2010
Calloway Real Estate Investment Trust Real Estate Question?
1 comment:
His friend is 5 months with the payment of your mortgage, you can speak to the lender and ask about the possibility of the sale.
A large number of buyers in the market is now quiet and well aware of the situtation tuff one LOF vendors try to low ball offer for a "windfall" The buyer has no fault, if you want around the table (), the buyer on the Internet, They would do the same probability.
Closing costs from May to the Commission, unpaid taxes and / or liens against property, apart from paying the mortgage.
For the buyer does not really know how much he paid for the house of his friend, the buyer must try to find a bargain. "The current market value of his friend's property is probably significantly less than the amount you paid when you bought it.
A local real estate agent should be able, like many similar homes in the same area say, were sold in the last 3 months. Displays the current market value.
It can be your friend needs to cut their losses, becauseneed a quick solution .. Unless you are always a variety of activities (projections), which try to cover the range of at least the closing costs and may even break counter might want.
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