I need to sell my financed condo purchased one year ago. If I I sell for $100,000 can I make a profit?

(0) | asked by: Ellarea Stansbury | share | 4 months ago | Report
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answer by Olivia Smolin    |   Visit My Website   |   Contact Me
Just by the question you posed, I STRONGLY suggest you work with a realtor. First of all, a realtor will be able to assess the value accurately. The property may be worth a lot more than $100,000. Also, a realtor is going to know the questions to ask you, to determine how much a qualified buyer may be willing to pay for your house. The realtor can also prepare a Net Sheet that will itemize the various other expenses that are incurred in regular sales, so that you'll be able to see in advance a very close net amount from your sale.
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answer by LINDA MICHETTI, CRS    |   Visit My Website   |   Contact Me
No one can answer this question. They dont know what you paid, whats its worth and what you owe.
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answer by Pattie Zanders    |   Visit My Website   |   Contact Me
Whether you make a profit on you purchase depends on the condition of your condo and the fair market value. I suggest that you allow me to access your home's value.
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Emily Miller
answer by Emily Miller   
It depends upon the home value like it should be near to the public schools, Transit, hospitals, neighborhood, Location, Age, Market condition, Home renovation. Give a simple conversation with Real estate agents they will tell you clear idea and goal.
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answer by Benjamin McGann    |   Visit My Website   |   Contact Me
In short, it depends. It depends on how much you owe on your mortgage and if the market can support a sales price of $100k. If you can contact me , I can work up a complete estimate on what your proceeds will be if you sell. Best Regards, Benjamin McGann ReMax First Choice
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answer by Bob Wiley    |   Contact Me
It depends on how much you owe on the loan, if you owe more than $100k, you will not make a profit.
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answer by Bob Wiley    |   Contact Me
depends on how much you owe on the condo
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