Submitted by imeanwhynotsrsly t3_10iyygn in Connecticut
JaKr8 t1_j5iqtt4 wrote
We had companies calling us about some vacation houses we own ( not rentals) two springs ago when the market was exploding.
They offered about 70% of reasonable, not inflated, mkt value ( neighbor at one place is a realtor and said they were low-balling everyone in the neighborhood, looking for a taker).
I wouldn't do it unless you are truly desperate for the $$. Otherwise maybe try a heloc, if it's not a home affordability issue.
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