[Gator101]

Crazy times.

Indeed. Last month I was looking into selling a condo I no longer need. While exploring options with my RE agent we worked out that even if I write off the equity (about 10k) I would still probably have to bring 7k to the table for what we thought I could *maybe* sell it for. I guess I will be renting it out for a while. It's a bummer because I really just wanted to be rid of it - but not at that steep a cost.

[frankiep]

Sounds similar to my situation. I have a townhouse that I would absolutely LOVE to get rid of. I bought it last year but have since discovered that if I stay in the area that I am in that I can look forward to working in call center hell for as long as I can imagine. I can get a better job that won’t drive me absolutely crazy if I just go to a bigger city but now I’m stuck here because of my townhouse which I can’t sell unless I am willing to take a HUGE loss. Problem is that I cannot afford to take that big of a loss. So now I’m left just trying to hold on to my sanity.

[colinhester]

Consider offering a lease-option....C

[DCPatriot]

While exploring options with my RE agent we worked out that even if I write off the equity (about 10k) I would still probably have to bring 7k to the table for what we thought I could *maybe* sell it for. I guess I will be renting it out for a while. It's a bummer because I really just wanted to be rid of it - but not at that steep a cost.

HUGE mistake, IMO.

Let me be the first to suggest that by next Summer, you'll need a helleva lot more than $7K to get rid of it.