Thursday Q & A - Your Maryland Real Estate Investing Questions Answered
Q: What expenses should I plan for when selling an investment property that I have rehabbed?
A: The only way to handle this is to Do Your Best to Plan for the Worst. You need to know ahead of time how far you are willing to go to help the Buyer buy this home. Will you offer:
- Maximum Closing Costs (Currently FHA loans allow up to 6% of the purchase price, and VA is unlimited)
- Seller Financing
- To make necessary improvements
Keep in mind the current market conditions and what they call for. If you would like a detailed list of settlement expenses for your investment property, or help in making a plan to sell, please feel free to contact me.
Clients always ask me: Are you on the web?
See for yourself.
Tim McIntyre, GRI, Ellicott City Realtor, Catonsville Realtor
Helping Clients Buy, Sell and Invest in
Howard County, Carroll County and Baltimore County
for more than 25 years.
tmcintyre@cbmove.com 410-480-3555
www.timsellshomes.com
