Collin County says my home increased by 10%, should I sell? My answer for you; it depends. Last week, I received my 2014 Notice of Appraised Value from the Collin Central Appraisal District and they are proposing that the total market value increased by more than 10%. I checked out all of the latest value estimators and called one my realtor partners. The value was supported. Being a mortgage loan consultant and numbers guy, I analyzed. I broke my options down:
- Sell, move to an apartment for 3 years (all kids would have graduated), then use the equity to buy a RV.
- Sell and buy a bigger home.
- Refinance using a FHA renovation loan to upgrade our home.
So, I got all of my spreadsheets together and loan options, walked into my wife and asked, "Collin County says our home increased by 10%, should we sell?". She looked at me and said, "I'm not living in a trailer, plus we only have nine more years left and we will be debt free." I love that woman. So you know my answer. Yours could be different but know your options, when you ask yourself, "Collin County says my home increased by 10%, should I sell?"
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