Home Selling in Commerce : Advice

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Donna Smith…, Real Estate Pro in Watkinsville, GA
Donna Smith Fee answered:
How can I find the true market value of my home?
The value of your home is basically what an able buyer is able to pay for it and what you are willing to sell it for. Foreclosures and short sales are considered distressed sales and ar ... more
0 votes Share Flag Fri Jul 16, 2010 Home Selling in Commerce
Carisa Migli…, Real Estate Pro in 30126
Carisa Migliore answered:
Are there any banks that will do a HELOC for an investment property?
You can refinance the property as long as you don't have more than 4 mortgages. They will count the rental income as passive income, usually about 75%. You must have owned the home fo ... more
0 votes Share Flag Mon May 4, 2009 Home Selling in 30530
Carisa Migli…, Real Estate Pro in 30126
Carisa Migliore answered:
Are there any banks that will do a HELOC for an investment property?
Banks are tightening down on all loans especially investment loans. You can refinance the loan, but the bank will want to insure that you have owned the home for at least 6 months and ... more
0 votes Share Flag Mon May 4, 2009 Home Selling in 30530
James Wheeler, Real Estate Pro in Tampa, FL
James Wheeler answered:
HELOC on a paid off house that is for sale....
If your figures are right, then it shouldn't have any impact on your ability to sell the house. If you take out a HELOC for $55,000 and draw down the full amount, and the home is worth ... more
0 votes Share Flag Sat Apr 25, 2009 Home Selling in 30530
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