Asked by Rebecca, 80123 • Thu Sep 25, 2008
We have lived in our townhome for 4 years. We bought near the top of the market, and since then the value has gone down. I think it would be hard to sell the house for what we paid, but we might be able to sell for $5-10 thousand less. We have an FHA loan, and only have about $14000 in equity right now.
We are wanting to move to a bigger house within the next couple years, and we can afford the payments. However, we have been waiting for the market to recover before we try to sell our current house. I think even when the market recovers, it won't go up enough to make a huge difference in our current situation. We might be able to sell for what we paid, or a little higher. I keep seeing all these listings for foreclosures and short sales that are really good deals, and I am wondering if it would be a better idea to try and sell our house now, even though we might lose some money, and buy a house that has a better chance of going up in value in the future.
Real Estate in Littleton
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