Pay Now or Pay Later

What a great deal to be able to buy your dream home with little to no money down! I think I’ll  do that again!

There are hard realities to face with many home buyers who have purchased their homes with little to no money down in the past few years and now are wanting to sell.

All to often we are having to meet with potential sellers who have owned their houses for 4-5 years and are now wanting to move for various reasons. They meet with us in hopes to learn they will be able to see a good return of equity. For most, this is not the case. Some have even refinanced within those years which makes the net at closing even less.

The truth is if you paid little to no money down, refinanced and rolled those closing costs into the refinanced loan, chances are you will be coming to the closing table with money to be paid out of your pocket.

What is that old saying…”Pay Now or Pay Later”?  Even with housing sales on the increase, it is not an overnight process for values to increase rapidly enough for a huge profit to be received.

The best way to know where you are in the selling process is to contact a REALTOR®.  They will be able to provide a market value of your house and prepare an estimated net sheet at closing.

Be prepared to hear what they tell you as this is not any easier for them to deliver the information as it is for you to hear. We all want the same end result…to sell your house so you can move on to another dream.


About papesellssatx

*Assisting people achieve their dream of owning or selling a home with professionalism and excellent customer service *ABR, MRP, PMN, CNAS, TRLP Graduate *Licensed Texas REALTOR® #0207820 *Active member of the Women's Council of REALTORS®, Texas Association of REALTORS®, National Association of REALTORS®, San Antonio Board of REALTORS® and a TREPAC Contributor. *Love REFERRALS and love to REFER... *WHO IN YOUR CIRCLE OF FRIENDS IS THE MOST LIKELY TO MAKE A MOVE NEXT? *Whether you are moving to, from or within San Antonio, surrounding areas or anywhere in the United States, I am here to assist you. Coldwell Banker, D'Ann Harper, REALTORS® 7523 North Loop 1604 West San Antonio, TX, 78249 Texas Licensed REALTOR® #0207820 Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
This entry was posted in Local, Military, Mortgages, Real Estate, San Antonio, Uncategorized and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s