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Updated about 11 years ago, 09/24/2013
Can I use equity?
I currently have an as is home I need a cash buyer for but would like to move into a new home asap. Can I use the equity on my current home somehow to meet my wanted monthly budget for the new home? The home I am selling is way under comps I just don't believe my realtor is doing an adequate job marketing and I'm running out of time to sit on it before I have to move for my growing family. My current home is paid off and has 20k+ in remodel this year and I'm only asking 50k for it, if I have to sit on it much longer anyway I can use part of it's value to get into my next home? Thanks in advance