Many factors come into play when homeowners determine the best course of action to take with such a significant financial transaction as selling or refinancing your home. The decisions you make today will have a substantial impact on your overall financial health in the future, so take the time to consider all the particulars of each option. So, if you are one of the many homeowners feeling a bit unsure about whether or not you should sell your house in Atlanta or refinance, read on to learn how you can know for sure which is best for your situation.
While you may have required four bedrooms when you purchased your home several years ago, and your needs have changed, you may find that you have become burdened by keeping such an ample space. It may be time for you to sell and downsize should you find yourself in this situation. Conversely, you may have been single when you purchased your first home, and two children later discover that you have outgrown the house. Refinancing may be an option if the property has room for additions. However, most homeowners would rather forego the stress, mess, and noise of living in a construction zone, so you should consider carefully how your family will handle the headaches of renovations when deciding if you should sell your house in Atlanta or refinance.
Outside forces can drastically change our financial circumstances for the better or regrettably for, the worse, which can strongly influence whether or not you should sell your house in Atlanta or refinance. If you find yourself struggling to make ends meet, consider that lenders have strict criteria about your credit rating. In addition, if you borrow more than 80 percent of the current market value, you’ll probably be paying an additional fee for private mortgage insurance, PMI, and check with the lender about other fees and costs associated with refinancing. Finally, if foreclosure is a possibility, don’t stick your head in the sand and allow procedures to begin without taking any action. Listing a home on the market to sell for the highest possible profit takes both time and money. If you are already in financial distress, find out the average days on the market, which is the closest you can get to an estimate of when your home will sell. You’ll need to take a realistic inventory of the costs involved to list a home before jumping in, including real estate commissions, prepping and cleaning for showings, inspection, appraisal, repairs, and the costs of holding the property until the sale occurs.
Happy Houses Georgia, LLC
If you are trying to decide if you should sell your house in Atlanta or refinance, the experts at Happy Houses Georgia, LLC take the time to listen to your concerns and answer any questions with no obligation. At Happy Houses Georgia, LLC, our professional buyers have years of experience to help guide you in knocking down hurdles that homeowners just like you face every day; why not find out how a direct sale to Happy Houses Georgia, LLC could be the solution to your problems? At Happy Houses Georgia, LLC, we are your neighbors, and our goal is to help you make the best choice for your situation. At Happy Houses Georgia, LLC, we want you to feel good about the deal long afterward, so we detail how much you would profit by listing your home on the Atlanta market details of our offer, which you’ll agree is fair. Working with a professional buyer from [compay] on the direct sale of your home means no worries about repairs or commissions, or hidden fees in our straightforward contract. Contact Happy Houses Georgia, LLC at (888) 804-1008.