Looking for re-financing a duplex in Pearland, TX, valued at around 200K. However, cannot find comparable sales. What can I do?
There are not many duplexes in Pearland. Possibly use a local bank here. I use Pearland State Bank and Hometown Bank of Galveston.
Local banks or pay high rates. Really your only options beyond finding a private investor that is looking for long term ROI (I've seen 6% for 15yrs)
Thanks Babes and Jeph! Very nice suggestions, I will try them.
Have you talked to a knowledgeable realtor?
Not for this re-finance. However, when we bought it, we worked with a realtor, the financing part fails due to no comparable sales around.