In pricing your home to sell it should have no relationship to what you own what you need to buy another home with 20% down. It never ceases to amaze me when a seller says I need this much that why I priced it at x. Buyers don’t care about what you need! [...]
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Because real estate has seen a perfect storm over the last 2 years. Lending being turned upside down with an outcome of few people can now qualify for homes. Pricing drove through the roof by investor buying. The lending industry allow state income loans, builders and home seller could sell their over median income qualifying home, easily to almost anyone with no money down on a 100% stated income loan. Literally anyone could buy and home with no money down. Now all loans are fully qualifying with verified income. [...] |
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