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Updated almost 9 years ago,

User Stats

252
Posts
131
Votes
Allen Fletcher
  • Investor
  • Colorado Springs, CO
131
Votes |
252
Posts

Stuck with A Home that will not Sell

Allen Fletcher
  • Investor
  • Colorado Springs, CO
Posted

Purchase Price: $ $265,000

Equity: $18,000

Current Appraised Value: $280,000

Square Footage: 2150

Mortgage Payment: $1,745

Property Taxes: $449.14

Insurance: $44.17

Current Monthly Rent: $1,250

Backstory: I was forced to move from the home due to a change in my employment and could not sell the home before moving.

Current Situation: The current tenants were planning on purchasing the home in December, but have now changed their minds.

Desired Outcome: Have the home sell as quickly as possible. I do not want to rent it, but if I cannot sell it I would accept a renter to reduce my out of pocket expenses.

Does anyone have any ideas or advice to what I can try to either get the home rented or sold as fast as possible?

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