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I bought an investment property a few years ago and now that I'm married and looking for a new home I would like to sell it. Between the home equity and the mortgage, I owe $46,000 to the bank. I paid $50,000. I know there were a lot of fees that added up when I bought the house so what should I expect when I'm selling the house? It's currently appraised at $56,000, so should I expect to make any money?
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I want to sell my home but I don't want to do it that agressively. I don't really care how long it takes as long as it is within about 2 years so no rush. I don;t know anything about selling a home so I need to know what exactly is the bare minnimum. What adds do I need to pay for how much do I need to pay a real estate agent or do I even need one? I also want to get as much money out of my home as possible and I know that is really hard right now thats why im not in a big rush to sell it. Any advice will help.
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What is the typical broker fee for your real estate agent?
I know the seller is responsible for certain things, such as a tax credit for the time the seller lived in the home, and the appraisal, and what else?
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My house is on the market for 154,900.00 and someone has offered me 140,000.00 cash and they can close within 7 days. I know there's money involved in selling a house and also the realtor fee is not cheap. How do I know if 140,000.00 is good or not without asking my realtor? How do you determine how much it costs to sell a home? Certain percent maybe? My home is paid for so It's not like I have to accept the first offer.
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