close
    1. Home
      2. ›
    2. Business & Finance
      3. ›
    3. Renting & Real Estate
      4. ›
    4. We are doing our own remodel, inside and out. We're paying as we go. Will a buyer have a problem with financing when we want to sell?
    We are doing our own remodel, inside and out. We're paying as we go. Will a buyer have a problem with financing when we want to sell?

    Answer this
    0  Views: 776 Answers: 4 Posted: 15 years ago
    Tags: finance
    Comment this question

      4 Answers

      It's extremely difficult to get a mortgage approved now a days. You many want to look into lease option to buy, or owner financing. At least you will know your options, you just need to fine the right buyer... Good luck.
      15 years ago. Rating: 1
      Comment this answer

        It depends on what type of remodeling you are doing. Some types don't "pay back" much for the work involved. So if you are thinking you will get a lot more for the house, you may not, especially in this poor housing economy. It depends on if you can get an appraiser to appraise the house and land worth what you are asking for. If so, then the financing should go ok.
        15 years ago. Rating: 0
        Comment this answer

          You might want to check with your realtor. My first guess is you are the one who is financing and when you want to sell your house, the work is already done. The buyer would not have any responsibility of what you owe for the remodeled place even though you are still paying.
          15 years ago. Rating: 0
          Comment this answer

            No. The property must be apprised to sale for a specific price.
            15 years ago. Rating: 0
            Comment this answer



              Did this answer your question? If not, then ask a new question.

              Top contributors in Renting & Real Estate category

               
              country bumpkin
              Answers: 49 / Questions: 0
              Karma: 3060
               
              ROMOS
              Answers: 54 / Questions: 0
              Karma: 2805
               
              Colleen
              Answers: 138 / Questions: 0
              Karma: 2565
               
              Ducky
              Answers: 33 / Questions: 0
              Karma: 2055
              > Top contributors chart

              Unanswered Questions

              Trangcadobongdanews1
              Answers: 0 Views: 12 Rating: 0
              sv388baby
              Answers: 0 Views: 12 Rating: 0
              Sala Garden
              Answers: 0 Views: 10 Rating: 0
              Minora Design Home Decor
              Answers: 0 Views: 13 Rating: 0
              hi88ninja
              Answers: 0 Views: 6 Rating: 0
              hi88ninja
              Answers: 0 Views: 13 Rating: 0
              Tâm An Quảng Cáo
              Answers: 0 Views: 11 Rating: 0
              pg55mba
              Answers: 0 Views: 12 Rating: 0
              > More questions...
              567326
              questions
              779875
              answers
              932385
              users