How hard is it to get sellers to bring their price down on assumable mortgages? There's one my wife and I like selling for $375k, but we viewed it and it's only worth about $315k. I don't want to insult someone already upside down by asking them to come down significantly. Why would they be motivated to come down substantially? Wouldn't it be easier to lose it to the bank than owe $60k on a house you no longer live in. Interest rate is 4.1%, so not much lower than the VA rates I get as a retired soldier. Love the show, great content!
How hard is it to get sellers to bring their price down on assumable mortgages? There's one my wife and I like selling for $375k, but we viewed it and it's only worth about $315k. I don't want to insult someone already upside down by asking them to come down significantly. Why would they be motivated to come down substantially? Wouldn't it be easier to lose it to the bank than owe $60k on a house you no longer live in.
Interest rate is 4.1%, so not much lower than the VA rates I get as a retired soldier. Love the show, great content!