In today's challenging real estate market you must have an accurate market value analysis to assure the proper postitioning of your home. My Expert Analytical approach to pricing for the market will result in your home being SOLD at the highest price possible.
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
Eric Lowry Keller Williams Realty 9075 Centre Pointe Drive Suite #450 West Chester, Ohio 45069 Phone #: 513-874-1830 Fax #: 513-842-8684 Email: Eric@LowryTeam.com
"Providing Personal, Professional Real Estate Service" Eric is a full-time real estate professional specializing in the sale of existing and new construction homes in the Cincinnati, West Chester, Beckett Ridge and Liberty Township, Ohio areas. Eric is also very experienced in working with relocating clients and their relocation companies. In today's real estate market "Experience Counts"!
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NUMBER1EXPERT in real estate for Cincinnati, West Chester and Liberty Township, Ohio
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