Question: Cash-Out Refinance vs. Selling Property: Which is More Cost-Effective?

[Mario Morales]

I'm considering two options for my property and would appreciate some advice:

1. Cash-Out Refinance and Then Sell: Cash-out refinance to access some of the equity, then sell the property to get the remaining equity.
2. Sell the Property Directly: Skip the refinance and sell the property outright.

My main concerns are:

• Fees: Are there more fees involved with doing a cash-out refi and then selling compared to just selling directly?
• Taxes: Could this strategy help in saving on taxes, or would it just complicate things?
• Overall Cost-Effectiveness: Is there any real financial benefit to taking this route, or is it essentially the same as just selling?

Has anyone gone through this process? Any insights or experiences would be greatly appreciated!