Home Selling in 98101 : Advice

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thurston_sof…, Home Buyer in
thurston_softball answered:
I just bought a house for $135,000 with down payment of $20,000. What happens if I sell it in the next 3 years for the $150,000? How much will I gain?
There are two parts to consider. One is the appreciation in your home. The other is the amount leftover on the loan when you sell. The difference is called equity. After that, you w ... more
0 votes Share Flag Tue Nov 25, 2014 Home Selling in 98101
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Can I sell my place and not pay off my mortgage?
NO, in order to transfer ownership of the old place, the lien or mortgage needs to be released which means it needs to be paid off allowing it to be sold.
0 votes Share Flag Mon Sep 29, 2014 Home Selling in 98101
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