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Underwater Property Threshold Percentage

Rey Marin's Avatar

Rey Marin

28 Jan, 2011 01:36 AM

What would be a workable Underwater Property Threshold Percentage?

  1. Support Staff 1 Posted by Brittney Rogers on 29 Jan, 2011 10:00 PM

    Brittney Rogers's Avatar

    Hi Rey,
    This is a GREAT question for Phill's Monday night (bi-weekly) coaching calls. He'll probably say that it depends. On lower end homes, it's a higher % - maybe 20%. For higher end/more expensive homes, it's lower - maybe 10-20%. For example it works well with a house that is worth $80K, but they owe $100K because there's not that big of a difference on the monthly payment. But when you get to 20% on a $300K home and the home is now worth $240K, it may not work because the payments are going to be significantly different. However, it really all depends on the buyer and what they are willing to pay. But ask Phill on Monday!

  2. Brittney Rogers closed this discussion on 29 Jan, 2011 10:00 PM.

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