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Updated almost 9 years ago on . Most recent reply

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Chad Wells
  • Mcdonough, GA
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i need advise

Chad Wells
  • Mcdonough, GA
Posted

I owe 104000.00 on a house and it appraises at 153000.00. I have it on the market to sale and I have an offer for 153000 and buyer is paying all closing cost. Question is I do sell it or do I keep it an refinance and take out some of the equity to purchase another rental. Comparable rentals in my area are going for 1300 to 1500 a month

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Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
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Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
Replied

@Chad Wells

You have a buyer at your price and you are having second thoughts? You may have heard about the old proverb  "A Bird in the Hand". I am sure your Agent will want to work with you again too.

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