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Reply to "Sell both of my properties, or ride it out?"
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[quote=Anonymous]As a licensed real estate broker here in DC/MD/VA, I would suggest you hold onto the properties. You are not taking into account the cost of selling the two properties, fees associated with the transfer of title and the increased mortgage rate you will have to pay on the new home. Current 30 year fixed rates are around 4.625% which is significantly higher than your current rates. In addition, your rate of appreciation on your properties is higher (typically) the closer to the city you are. By the time you factor in all these criteria, I am not sure you will be saving as much as you think, your commute will be worse and you will be living with your parents. [/quote]
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