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We have a 100% finance mortgage and haven't lived in our home for a year..

..and we are looking to move already. Are there any problems with trying to sell now?
Sat Apr 19 2008, 15:15 - York - Home Selling - 3 answers
 
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Shannon
Home Seller
in York
Shannon, Home Seller in York in York
Answers (3)
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The Somers was FIRST TO ANSWER
Shannon
I like the Somer's answer. Selling a home within a few years of purchaes is almost always expensive. I suspect that there may be some other related issues that you would prefer not to disclose, but you will need to be candid with your Realtor so they can develop your options.

Once you learn of your options and the ramifications of each, then you will have the information to make a wise decision.
Best of luck to you.

Sun Apr 20 2008, 09:34
Web Reference: http://www.beautifulburbankhomes.com
 
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Shannon,

It really depends on where you are located. Some areas in York county have faster turn arounds than others. Also, homes that ARE selling are priced right. Unfortunately some areas have also seen a decrease in the average home price from a year ago. You can reach my husband and I, a local real estate team by emailing us. Then we can better assist you on determining the value of your home and provide you with a closing cost estimate.

Shelley

*To see all of our local listings and to get a feel for who we are, feel free to check out our website. We look forward to hearing from you.

Sun Apr 20 2008, 07:01
Web Reference: http://www.kefauverteam.com
 
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FIRST ANSWER
You can sell your property anytime. However, it is difficult for someone like yourself to sell without market appreciation so hopefully you either got a really good deal when you purchased the property or there has been some appreciation otherwise you have no equity. In those cases, you may need to bring money to the settlement table to cover your payoff and closing costs.

The other issue to consider would be whether or not your loan has a prepayment penalty. If so, then it will be more difficult. Your other option, if in a duress situation, would be to try a short sale with the bank. Is complicated so you would need to surround yourself with a good realtor.

Good luck ! For more helpful hints, visit our website below:

Sat Apr 19 2008, 15:40
Web Reference: http://www.thesomersteam.com
 
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