STEP 01 OF 04
Document where the property stands
Gather the current mortgage balance and terms, ownership costs, lease dates, rent records and known repairs. Note the cash you would need to keep available.
If occupied, review the lease and discuss any planned sale or work with the appropriate professionals. Do not assume the property can be delivered vacant on your preferred date.
STEP 02 OF 04
Build a sale case
Ask a local Realtor about current comparable evidence, property preparation, timing and likely transaction costs. Separate an estimated sale price from estimated net proceeds.
Include loan payoff, selling expenses and work you would fund before closing. Compare a slower sale or lower price with your preferred scenario.
STEP 03 OF 04
Build a refinance case
Ask a lending professional to compare the proposed new debt with the existing loan. Include costs, the full payment and the period you expect to keep the financing.
An available equity estimate is not a guaranteed cash-out amount. Use actual lender terms before relying on proceeds for another transaction.
STEP 04 OF 04
Build a hold case
Budget rent, vacancy, operating costs, capital work and management over the same period as the other options. Include your own time and reserve needs.
Review the cases with the relevant real estate, lending and tax professionals. Choose a next fact to verify when the comparison is still sensitive to an unknown.
This guide is educational. Lease requirements, professional services, property rules and financing depend on the specific location and situation. How we handle sources and estimates.
