New answers tagged housing
2
Any nonrecourse loan is in some sense a hedge against the collateral decreasing in value. "Nonrecourse" means that if you default, they can't take anything other than the collateral. For instance, if you have a $500k house with a $400k nonrecourse mortgage, and the price of the house drops $150k, you're out the first $100k, but you can walk away from the ...
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What you are really talking about is negotiating price. It is not illegal to ask for a higher price than you listed the home for based on what you believe the buyers are financially able to pay.
As a Realtor I can tell you that in some markets it's better to list the house UNDER market value to encourage a bidding war. This strategy typically results in ...
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