Hello fantastic mgoblog community.
I was inspired by another posters relocation question earlier this week, and the out pouring of support they received and decided to ask my own question. I know this is not a forum for legal/real estate advice. But, we have a great community and I thought i would give it a shot.
Mods, delete if needed. Thanks everyone!
I recently started a job out of state and put my house up for sale.
We had 3 full price offers on the first weekend and accepted an offer. We were excited that things seemed to be moving in the right direction- and quickly. The house ended up appraising at +30k (!!!!!!) less than what we needed to appraise at. Our realtor, throughout the process, said it would appraise. We had the house appraised earlier this year (for a refinance) and used that info when pricing the house.
We are massively under water and are researching alternatives. Selling seems out because the loan is upside down. Renting and Land Contract seem like viable options.
Has anyone had any experience renting out their home or being involved with a land contract?
Any professionals out there have any addtional insight?
My family and I thank you for your input.