The real estate and rental market here in Dunedin and Palm Harbor are showing excellent signs of recovery. For instance Edgewater Arms, a waterfront, Dunedin condo community has shown a 30% increase in the past 12 months.
The best option for you truly depends on your situation. I know you believe you are near or underwater, but the delta you show reflects you may not be. The last townhome I sold in downtown Dunedin, I was the listing agent, the buyer brought $20,000 to the closing table because they wanted to live in Dunedin.
The best exit strategy for you will be determined at the direction of your tax adviser and/or attorney. How to sell, increase your cash flow, or otherwise stablilze your situation is worthy of a conversation with a real estate professional. Unfortuneately, each situation is different and must be evaluated on its specific merits.
If you think selling is a option, we can still catch the end of the snow birds and the start of the Spring Training bunch. Getting an opportunity to personally evaluate your town home will be critical.
Give a call if you would like to discuss this further.
ReMax Realtec Group
727. 420. 4041
More information about about Dunedin on the community website: http://www.MyDunedin.com
All the Best to you.