Sure get a CMA and perhaps you might see a better value than what you heard, but unfortunately its likely that your home is worth about 30 persent less. Even thought the home was built last year the price was set two years ago, right? 2006 was right at peak.
450K is a lot of money. Consult a Realtor from Cape Coral and then also consult a Florida attorney. There are several options out there for you.
I feel your pain. Hang in there.
The best thing you could do would be to contact me for a free market evaluation of your home. I can go over comparable properties actively for sale, pending sale, and sold. With this information you should have a better understanding of the present value of your home.
Thanks in advance,
Scott Slocum,Â REALTORÂ®
Florida Future Realty, Inc.
2816 Del Prado Blvd South Unit 2
Cape Coral FL 33904
Rather than going on "hear say" we would recommend that you have an appraisal done this will give you a more up to date and accurate undersatnding of your homes value. Armed with this information you should be better equipoed to issue of "holding or folding."
The "Eckler Team"