Equity Rich, Cash Poor to $1.66M Win
What happens when you're sitting on substantial home equity but don't have the cash available to prepare your house for the market?
In this episode of Market Ready, Lance Pendleton talks with Seattle-area real estate professional Hao Dang about a homeowner who had lived in his property for 25 years without making significant updates. Worn carpet, failing appliances, damaged windows, overgrown landscaping, deteriorating exterior paint, and years of deferred maintenance left the home potentially worth around $1.3 million if sold as-is.
The problem? The seller was equity rich but cash poor.
Hao…
The skinny
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