Should I Sell My Property to Pay Off Debt?

Considering selling a major asset to become debt-free.

1. How much equity do you currently have in your property?

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2. What is the total amount of debt you're hoping to eliminate?

3. Do you have a clear plan for where you will live after selling?

4. What are the current conditions of the real estate market in your area?

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5. What is the current condition of your property (repairs needed?)?

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6. Have you accurately estimated all the costs associated with selling?

7. What is your financial plan after potentially becoming debt-free?

8. How would selling this property impact your overall tax situation?

9. Have you explored all other options for managing or reducing this debt?

10. How would selling change your monthly housing costs (rent vs. mortgage)?