So, you need to sell your house? Okay, maybe you don’t NEED to sell, but maybe you want to sell. Whatever the reason may be you’d like to sell your home. Maybe you’re undergoing a job change, a divorce, a lifestyle change, or you are simply ready to move into a larger home. But, you’re in what is called “Negative Equity” which means you can not sell your home for what you owe. You are essentially tied like a ball and chain to your home.

As a realtor one of the most difficult issues I face is having to tell a client their home is not worth what they believe it may be worth. The truth remains that your home is only worth what someone is willing to pay for that home. It may be a little insentivive but a buyer does NOT care what you as a homeowner owe on your home. What does this mean for you? Don’t let yourself be tied down to your home and delay your plans.

It is time to get creative. You may have to sacrifice elsewhere by selling some stock, or by tapping into your retirment funds early. You may also want to consider renting your home while you wait for the market to recover. There are many creative solutions to avoid putting your life on hold.