Home Selling in 98101 : Real Estate Advice

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Eva Croasdale, Real Estate Pro in Seattle, WA
Eva Croasdale answered:
hi am confused about selling my house ,bought house 2 years ago put 50K deposit borough 100k,mortgage is for 26 years to pay back about 178k,if sell
I agree MCM_STL: you should look at your lender statement to see how much you have left to owe. Also to consider when selling your home are closing costs, commissions and taxes. If yo ... more
0 votes Share Flag Sat Sep 17, 2016 Home Selling in 98101
Kary Krismer, Real Estate Pro in Renton, WA
Kary Krismer answered:
If I sell my home to someone who is getting a mortgage, how do I get paid for the house?
In Washington we use the services of an escrow company to close transactions. That company will gather documents from both parties, and cash from the buyer and their lender. When every ... more
0 votes Share Flag Sun Aug 14, 2016 Home Selling in 98101
Dorene Slavi…, Real Estate Pro in Torrance, CA
Dorene Slavitz answered:
When selling a home that is paid for. Will the buyers have a mortgage?
Congratulations that you have paid off the mortgage on your house.
Yes the buyers have to "pay" for the cost of the house. Unless they have all cash, they will likely have a mortgage ... more
0 votes Share Flag Thu Sep 10, 2015 Home Selling in 98101
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 Manchester, NH
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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