Home and Auto Advice Needed: Selling a House

**MahiMike** · 02-20-2009, 08:16 AM

It's all relative right now. If you're getting a $20K discount on the place you're buying,it's a wash. If you're not (and why aren't you?), then you need to decide which place you really like better. You didn't say the price, so don't know if this is a 10% discount, 20% or what.

Personally, I think that real estate has gone below it's true value right now. It's not the price of the real estate but the availibility of the money to get one. If you want to get your true value, consider owner-financing to someone that can't get a loan. They'll pay 110% of your asking price. If you need the cash to buy the next place, counter.

One better way to counter - closing costs. Tell them to pay ALL closing costs and they can have it. Probaly worth $20K right there.

02-20-2009, 08:16 AM	#39
MahiMike He's Mahomie! Join Date: Aug 2001 Location: Jax, FL Casino cash: $10023443	It's all relative right now. If you're getting a $20K discount on the place you're buying,it's a wash. If you're not (and why aren't you?), then you need to decide which place you really like better. You didn't say the price, so don't know if this is a 10% discount, 20% or what. Personally, I think that real estate has gone below it's true value right now. It's not the price of the real estate but the availibility of the money to get one. If you want to get your true value, consider owner-financing to someone that can't get a loan. They'll pay 110% of your asking price. If you need the cash to buy the next place, counter. One better way to counter - closing costs. Tell them to pay ALL closing costs and they can have it. Probaly worth $20K right there.
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