do not know how much the actual loss would be for you, and do you have enough saved money to pay the loss, the closing costs, and do you intend to rent or to buy, then you need a down payment for that
as well.... You need to sit down with an experienced Realtor in the Jacksonville area, to discuss everything with you, why you want to move, how much the move will cost you, what the actual most likely sale price for your condo would or could be, and then how much you owe, plus closing costs,
and then what will be next for you buying (down payment, closing costs again and the move from one
place to the other)
Be very careful, discuss all the plus and minus points with the professionals before making a decision,
you want to make an educated decision....
LetGood Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)
Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)
us know if you need a recommendation for a good local Realtor
You may be able to cover your current monthly mortgage payment from the rental income which would not require you to take a loss, specially now that the market is getting better.
Let me know if you'd like me to prepare a comparative market analysis so as to give you an idea of what the current rental value of your property may be. My cell # is 904-652-3315.
Have a Great Day