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 Is Wells Forgo a good morgate company?? I need a loan for a house but i have no credit?
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Additional Details
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Additional Details
weve ...


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gcf
Should I sell my house now and wait for the price to drop and buy it back?
                     
 




robert S
Rating
Another get rich quick idea? A home should always be look upon as a good accumulation of equity, and a wonderful nest egg for rainy days. Never look at it as an investment, especially as a speculative means to make a quick buck. Be thankful your home has appreciated. Hang on to it for dear life.


Mr.Morgan
Rating
no. because if the price of houses goes down the interest rate will go up and you will wind up paying alot more interest for the same house.


smartblonde
No. That is stupid. The person that buys it from you is not going to sell after the market lowers.


schulteraffe
No. If you sell your house and don't roll over any proceeds into another house immediately you will have to pay taxes, and then when you buy your house back (assuming the new owners will want to sell) there will be expenses associated with the purchase above and beyond the purchase price and despite all relative market indicators to the contrary, there is no guarantee that your house is going to substantially lose value in the coming short term.

Are you a person of average income who owns their own home and has a mortgage and no other real estate in their personal portfolio? If so it is not a good idea to try to treat your home as a liquid asset. Fraught with way to many variables that can come back to bite you...


Nefertiti
Rating
What if the buyer doesn't want to sell it back to you? I don't understand your plan.


FreeMedicalcamps.com
Rating
If you know for sure that is going to happen!

But what is the guarenty?

.


troythom
No. The fees involved will wipe out any potential profit from the drop in price. If you want to sell, do so and take your profit now. Buy something smaller and/or less expensive. Invest the profit in other areas to diversify.


stevemorbitzer
That's not going to happen. When people talk about the real estate prices droping that's a sweeping generalization. Home values will have a slower or stagnant appreciation, but if the house values in your neighborhood are dropping sell now and go to a different area. You may wait a long time for the next buyer of your home to go into forclusure.


Cbot38
Rating
you're not gonna make much of a profit.


hungerforknowledge
Rating
If you sell and the new owner does a lot of work on it,you would pay more to get it back than ya sold it for. that wouldn't make much sense.


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