If you are "upside down" meaning you own more than you can sell it for, then you may have to bring money to the table. Your real estate agent can generate an approximate net sheet but your attorney who prepares your deed and lien waiver (closing documents) should be able to give you a more definate figure $$. Good luck . I recommend you ask your agent and attorney for help with this question.
Certified Short Sale Agent
Keller Williams Realty
One Atlantic Ave.
Ocean City, NJ 08226
buyers will negotiate where sellers pay for some of the closing costs. An average about 2 percent...sometimes 3 percen if FHA....And, furthermore , to add to a seller's woes, if the home inspection (ordered by the buyer ) finds major problems, the buyer will ask the seller to pay for the fixup..This is also negotiable. Or, it there is seriouc Radon problems, again ,...yep , you called it. The buyer will often negotiate with the seller to pay some of the costs and sometime even all of it.
So, be prepared for anything before you come to the "table." My advice is to find an experienced agent and ask him/her to clearly explain \ALL the costs that could be associated with the sale of your Condo.....
Americorp Real Estate
Managing Broker/Partner, e-PRO
The market has picked up steam in the last few months and you may not need to bring funds to closing. Interview a couple of agents and have them provide you with a Comparative Market Analysis (CMA) and run the numbers for you, it's part of our job.
Jose Hernandez, sfr
Coldwell Banker Residential
Get a market analysis and see what you think you can get. Andersonville is pretty hot right now, so it may be better than you think.
It will depend on where in Andersonville as well as the size of you unit and finish quality. Recent comps range from $250k to $350k.
I would be happy to help you transition to a larger home.
Best of luck,