Q: My husband and I are looking to sell our home due to debt issues we have come across the past six years by remodeling our home. In order for us not to live paycheck to paycheck that debt needs to be paid off as soon as possible. I am wondering if after all the fees, closing costs and money down for the next home if it is even worth my time to try to sell my home. My dept is $20,000 but we can go as low as $13,000 to help pay it off and be okay. I?m so lost and have tried everything, please help!
?Jill, Council Bluffs, IA
A: More information is needed to answer your question effectively. Consult a local accountant and Realtor for a more objective answer.
Adam Aguilar is a Realtor? with Reliantra in West Toluca Lake, CA.
A: Have you tried interviewing a good agent and a good lender and asking these questions? People in this industry should be able to give you the facts and figures to get the right answers to your questions. You might try an exclusive buyers agent. They have a fiduciary responsibility only to YOU.
Linda Walters is a Realtor? with Sage Realty LLC in Wayne, PA.
A: Dear Council Bluffs Questioner,
I recommend that you contact the most respected Realtor in your area right away. Since state laws and economics vary, you need a local expert, and they will be able to give you your options.
Ginny Ollis is a Realtor? with Coldwell Banker Residential Brokerage ? San Diego Mission Hills in San Diego, CA.
A: I would speak with an agent in your area. There is a lot more that goes into this. If you sell your house you are looking at commissions, title, attorney feeds, etc. It would be best to speak to a specialist in your area.
Matt Laricy is a Realtor? with Americorp Real Estate in Chicago, IL.
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Source: http://rock-n-rollrealestateagent.com/should-we-sell-our-home-to-pay-off-debt/
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