I'm a little nervous for you for two reasons; 1) you seem to be panicking and it may lead to hasty decisions and 2) Auctioning your home. If you do choose to auction you will be charged hefty fees up front AND there is no guarantee the home will sell. If it does it will be for far less than what you think!!
You are not in as horrible situation as you may think. The home that dropped in price (i'm guessing) is a short sale and will take months to finally sell. There is no saying the bank woulf even take that price. You have equity in your home and can sell quickly. There are buyers out there who do not want to be mixed up in these short sales. They take a long time to close and there are NO guarantees.
If you'd like to discuss further, please call me directly at (813) 849-8554. Or you can email me at Mark@Homes4UinTampa.com
The real tragedy will be if a newer, lower sale costs you another 20,000 in equity.
You are simply in need of a qualified Realtor. Your situation is so common. Realtors deal with it everyday! Let a professional help you - now- today, before it gets worse. Enjoy your life and family and new job and do not waste it with unnecessary worry.
I would be happy to assist you over the phone with a clear strategy today!
Chris Chandler, Realtor
I don't think that an auction would result in the highest net value for you. People go to auctions so they can get a steal, not to pay market prices. If you need to sell quickly I hope that you will get your home on the market as soon as possible. The average days on market has continued to increase. You do have the advantage of not being a short sale. I am finding that more and more buyers are shying away from short sales because of the amount of time they can take to close.
Prudential Tropical Realty