Now would be a good time to consult with a few Jonesboro professionals.
If you purchased your home well below market value, there is hope you can sell and at least break even.
If your home is appraised above the mortgage balance, you may be able to sell at a price to break even or better. (factoring in improvements you may have made will alter the outcome)
If the real estate market in Jonesboro has appreciated 15% since the time of your purchase, you may be able to sell at a price to break even or better.
There are many variables and just as many options available. What you need is a good strategy to exit this situation in a manner most beneficial to you. Find a multi-dimensional real estate professional and discuss the market as it pertains to your home AND the options available to achieve the most beneficial outcome for you. Selling is but one option.
If you are serious, pick up the phone and call one of the professional shown in this thread.
No, don't use that 'contact' link.
No, don't use the Trulia email.
If you are serious, go old school, pick up the phone and call.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
It really depends as it sells like a very nice home. Every area is different but if there are "like" homes in the area that are selling for the same price or more, then you have an excellent chance. It all depends on the appraisal and recent sales. Your best bet is to have a Realtor come out soon to give you a comprehensive market analysis. If you need any help picking a Broker/Agent, I can help you. Please contact me if you need assistance.
Best of Luck!
Frank Dolski MBA, ABR, e-PRO
2010-2011 Coldwell Banker International President’s Circle Award Recipient
CARTUS & SIRVA Certified Relocation Specialist
Previews Luxury Home Specialist
Coldwell Banker Hearthside Realtors
We grew up in the area you purchased in and work it often. I'm sorry that you are faced with having to already think about selling the home. As others have mentioned, it's possible, but we can't be sure without all the details. Feel free to call or email us with your address and we'll run a free market analysis on the home and give you the best estimate we can so you can without seeing it. If it can work for you, we'll also be happy to discuss our marketing plan with you so that you can see if we're the right fit to assist you. Good luck no matter what you decide.
Coldwell Banker Bullard Realty
Managing Broker, Jonesboro / REO Broker