What is the risk of overpricing your home when you put it on the market?
If it is outside of the parameters of pricing for that area, people might not even look at it. People often set a firm budget when house shopping and if it is outside of their budget, they are wise to not even look.
Also if you find a buyer at that higher price, you run the risk of the appraisal not being high enough for the mortgage to be approved. Mortgage are getting harder to come buy and they won't loan on a house priced too high.
by Sekharg 7 years ago
I see lot of houses for sale.I heard interest rates are lowest.Is it a good idea to buy a house now?What do you think?
by Penelope Hart 6 years ago
Do you save money? I mean do you put money into a savings account regularly?Do you make enough money to save money? How do you save it? Do you save even though you can't afford to save? Are you cutting corners to save?Or do you simply not save, because you can't?
by andrea roten 8 years ago
my house is paid off,I want to sell and buy a smaller house. Is there a time limit I have to...live in the new house before I can get reverse mortgage? The new house will be bought with cash from sale of current home. I live in Texas
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