How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask KimberlyLaw Your Own Question
KimberlyLaw, Attorney and Real Estate Broker
Category: Real Estate Law
Satisfied Customers: 4219
Experience:  13 years of experience in real estate law: Foreclosures, Landlord-Tenant, Condo/Coop, Property Law, Deeds, Purchases/Sales, Estates.
Type Your Real Estate Law Question Here...
KimberlyLaw is online now
A new question is answered every 9 seconds

Dont know this could be answered by real estate lawer. This

This answer was rated:

Don't know this could be answered by real estate lawer. This is my question. Would it be better to refinace our home plus $50,000 now andfix it up or just dump it at lower price. It is in terrible shape. Thank you Lucinda
Hello, Lucinda, I am happy to assist you today.

This is a decision you need to make based on two things. What is your financial situation, and do you really want to stay in your home long term?

If you are in a good financial position and want to stay in the home, it is worth it to fix it up. However, if you imagine moving from this home within 5 years, I would say sell it now in its current condition, buy or rent another place, and save the 50 grand in equity to move forward.

Take care,
KimberlyLaw and other Real Estate Law Specialists are ready to help you