Should I sell my Tuscaloosa, AL house now, Oct. 2008, and build a lake house or just sit things out a while?

Asked by Kat, 35405 Fri Oct 10, 2008

One owner, built 1991, 2/3 acre lot, 3/2. Extra clean, nice neighborhood and schools. Paid $106,000, owe $16,000.

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Dane Drake, Agent, Tuscaloosa, AL
Wed Oct 27, 2010
Well homes are selling in our area & although selling prices may be depressed the market here is better than some places, however you could consider leasing your property & building your new home since mortgage rates are hovering around 4% for well qualified borrowers. You might want to discuss this with possibility with your lender.
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Dallas Texas, Agent, Dallas, TN
Fri Oct 10, 2008
Depends on your short/long term goals, there could be many contractors or home builders love to work with you could be discounted rates have income. If your current home does not sale consider leasing property.
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