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COMMON SELLER MYTHS About Home Pricing

1)  The Amount of Mortgage and Closing Costs: If the owner purchased with little or nothing down or refinanced during a peak market, a market shift can create an upside down situation. The market price probably won't be enough to cover the mortgage payout and closing costs.  2)  The Money Spent on Upgrades: A seller may want to recoup the cost of an upgrade or renovation and although ...
Posted by Margaret Bowlen on December 10, 2008
Tags: appraisal closing costs conditional sale emotional attachment market shift market value paying off debts percentage of return replacement value upgrades
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