So, you have considered selling your home! Before you make your final decision, you might want to talk to your financial institution to ask about the Payout Penalty.  Some payout penalties can be upwards to $15,000-$20,000 and clients are shocked to discover this when deciding to list. A payout penalty could eat up any profits that you might be counting on for your next purchase.  A payout penalty could be a crucial factor in your decision to sell. So, if you are thinking of selling, be sure to contact your financial institution before making any plans. Its in your best interest!

 

2 Comments on Important information for Sellers

FEB
07
2010
113,372 Points 1 Featured Post

Great advice.  I have run across sellers who could not afford to sell due to the prepayment penalty on their mortgage
6:42pm • #1
MAY
04
2010
125,800 Points 2 Featured Posts

Always have great advice.  Keep up the great work!!!
12:50am • #2


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Mamie Lambert

Airdrie, AB

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CIR REALTY

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