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SD Realtor.
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February 13, 2008 at 4:50 PM #11814February 13, 2008 at 5:27 PM #152896
SD Realtor
ParticipantMany possibilities… they could have a tenant in there. They also did a refinance in July of 07 soooo I would bet they have a prepayment penalty if they sell within a year of that refi date. They would probably let you lease the home for a few months prior to close of escrow. Something funkity like that.
SD Realtor
February 13, 2008 at 5:27 PM #153174ParticipantMany possibilities… they could have a tenant in there. They also did a refinance in July of 07 soooo I would bet they have a prepayment penalty if they sell within a year of that refi date. They would probably let you lease the home for a few months prior to close of escrow. Something funkity like that.
SD Realtor
February 13, 2008 at 5:27 PM #153176ParticipantMany possibilities… they could have a tenant in there. They also did a refinance in July of 07 soooo I would bet they have a prepayment penalty if they sell within a year of that refi date. They would probably let you lease the home for a few months prior to close of escrow. Something funkity like that.
SD Realtor
February 13, 2008 at 5:27 PM #153198ParticipantMany possibilities… they could have a tenant in there. They also did a refinance in July of 07 soooo I would bet they have a prepayment penalty if they sell within a year of that refi date. They would probably let you lease the home for a few months prior to close of escrow. Something funkity like that.
SD Realtor
February 13, 2008 at 5:27 PM #153275ParticipantMany possibilities… they could have a tenant in there. They also did a refinance in July of 07 soooo I would bet they have a prepayment penalty if they sell within a year of that refi date. They would probably let you lease the home for a few months prior to close of escrow. Something funkity like that.
SD Realtor
February 13, 2008 at 5:45 PM #152906jpinpb
ParticipantThanks for the info. I couldn’t figure out what the deal was in delaying until August. I know someone on that street and I didn’t think there were tenants there. But what you said makes sense. But, then begs the question. Why refinance and pay points, whatever, if you’re going to sell in less than a year. Doubt he’s pulling cash out and he’s selling it for about what he bought it for in 2004. Strange. He probably would have gotten more if he sold it last year. Hindsight is a beautiful thing.
February 13, 2008 at 5:45 PM #153185ParticipantThanks for the info. I couldn’t figure out what the deal was in delaying until August. I know someone on that street and I didn’t think there were tenants there. But what you said makes sense. But, then begs the question. Why refinance and pay points, whatever, if you’re going to sell in less than a year. Doubt he’s pulling cash out and he’s selling it for about what he bought it for in 2004. Strange. He probably would have gotten more if he sold it last year. Hindsight is a beautiful thing.
February 13, 2008 at 5:45 PM #153187ParticipantThanks for the info. I couldn’t figure out what the deal was in delaying until August. I know someone on that street and I didn’t think there were tenants there. But what you said makes sense. But, then begs the question. Why refinance and pay points, whatever, if you’re going to sell in less than a year. Doubt he’s pulling cash out and he’s selling it for about what he bought it for in 2004. Strange. He probably would have gotten more if he sold it last year. Hindsight is a beautiful thing.
February 13, 2008 at 5:45 PM #153208ParticipantThanks for the info. I couldn’t figure out what the deal was in delaying until August. I know someone on that street and I didn’t think there were tenants there. But what you said makes sense. But, then begs the question. Why refinance and pay points, whatever, if you’re going to sell in less than a year. Doubt he’s pulling cash out and he’s selling it for about what he bought it for in 2004. Strange. He probably would have gotten more if he sold it last year. Hindsight is a beautiful thing.
February 13, 2008 at 5:45 PM #153286ParticipantThanks for the info. I couldn’t figure out what the deal was in delaying until August. I know someone on that street and I didn’t think there were tenants there. But what you said makes sense. But, then begs the question. Why refinance and pay points, whatever, if you’re going to sell in less than a year. Doubt he’s pulling cash out and he’s selling it for about what he bought it for in 2004. Strange. He probably would have gotten more if he sold it last year. Hindsight is a beautiful thing.
February 13, 2008 at 10:35 PM #152962ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
February 13, 2008 at 10:35 PM #153241ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
February 13, 2008 at 10:35 PM #153242ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
February 13, 2008 at 10:35 PM #153266ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
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