We NEED to move due to a job- but our house isn’t selling- we can’t afford two mortgages– what can we do?
Our move is job related. We have a contingent contract on a home in another state and we don’t want to lose it, but our current home isn’t selling. We can’t afford 2 mortgages or a bridge loan for more than a month or two. Right now, the market is bottoming out, so who knows how long our current home will languish on the market. We don’t want to sell to an “UG” type buyer because they won’t offer us what our house is worth and we need to get a fair price for it. We’ve used a large chunk of our exsisting equity to renovate the home- so in order to make a small profit, we need to sell it for a fair price. Any suggestions?