Stuck with A Home that will not Sell
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?