Lived in the home for 12 yrs with spouse am I able to sell my home for more than was financed for by begood6760350 from Hermitage, Pennsylvania. Aug 14th 2014
Selling your home for more than you owe is always a good thing and there are no restrictions on this with FHA Insured Loans, so I would discuss some options with local real estate professionals to see who you are most comfortable with helping you with the sale of your home! Good Luck!
You may sell at any time. You will have no capital gain tax on up to $250,000 increase in the sale price over your basis (purchase price).
hi there: as stated above, selling your home more than what you owe is an advantage for you (equity). If you need assistance in marketing your home, be glad to help with our system we help homeowners or real estate agents. no cost on your end. Mike (703) 505 5300...Lending Nationwide NMLS 754875
Absolutely.. your home is worth what it is worth.. regardless of what is owed.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Certainly, there are no restrictions. However, keep in mind that you will have some transaction costs as the seller of the property. A good Realtor will be able to help you work through those costs, or if you have a buyer already lined up, check with a local real estate attorney or title company about what your costs will be.
Absolutely, it's the best way to sell.
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