And yes if the bank accepts a short sale you cannot just turn around and buy, did you think then about
first renting? Renting a smaller place?
It really depends, but someone of course to give you good numbers will need to see your home.
As you want to down grade and not upgrade, it seems to me that you may be better of fixing the problems you are currently having, improving your credit and revisit the situation in a year or two...
But a local experienced Realtor may give you deeper and better insights.
Good Luck to you
Good Luck to you
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Your situation is complicated and would be best served by a home visit. I work for a compay that specializes in REO's and short sales, and would be happy to sit down with you and discuss your options. One thing that no one below is saying is this: If you short-sale your current home you will not qualify to purchase a new home for at least 3 years, and possibly longer. Period.
Your best option is to beg, borrow or finance enough to conduct neccessary repairs on your home, and then sit down and create an informed strategy for a move - or not - depending on so many factors. As mentioned, I'd be happy to do that with you in person or over the phone. My number is (505) 440-6293. Chris Nyman Weller.
And all the luck in the world to you!
with the bank that you owe money to. That is problems enough but then the
physical problems make it more difficult. I can REFER you to someone who
DOES foreclosure sales. I do not do these. Let me know you name and phone number and/or email and I will have a short sale specialist call you. OK? Max Sklower. Owner of Broadcast Realty in Albuquerque. email: firstname.lastname@example.org
Hold on, there are some government loans coming soon, so that you can refi at a much lower interest rate. I can have my team contact you on this ASAP. Or, if your still wanting to downsize then you
have so...many choices available! Let me know what you goals and desires are, so that I can get you
there quickly. Experieced with "Short Sales" and cover the whole State for you.
Text, call or email.
Equity New Mexico
3620 Wyoming Blvd. ste 229
Albuquerque, NM 87111
In my opinion, there is not a simple one directional option, unless you are asked some right questions. Itâ€™s a good idea to make an appointment and talk to one of the experts of these situation or â€˜meâ€™, who could give you different choices! What if keeping of current house is a good idea with having some cash flow while you buy another house with owner financing? â€“ Regards, Krishna Jaiswal 505 980 6649, email@example.com
First, your credit score is better than you may imagine. Generally, a minimum 620 credit score is necessary to buy a home. Although there are some additional factors, you're already in a better position.
Now, to determine your options on selling, I would need to valuate your home and compare it to activity in your immediate area. If you'd like, I can prepare a discreet and FREE home valuation for you. Simply go to http://www.syan.com/valuation and input your property information.
What specific problems are you having with the HVAC and electrical system? Also, have you had the roof looked at to determine if a patch will resolve the issue or if the roof needs to be replaced? Every home has a buyer, even homes that are in need of repair. These type of issues can always be negotiated with a buyer.
Is renting an option or selling with owner-financing? Do you have money saved for a down payment?
There is much to discuss. Feel free to connect with me.
Syan Real Estate
Call/Text: (505) 730-8181