Hard question to answer.
It really all depends on your home, its value in today's market, how much you owe, what you can
realistically sell it for, and what your actual net to seller after commissions, outstanding taxes,
survey, closing costs etc. will be and what will you do thereafter...
In order for you to find out what the market is like in your area, you need to connect with an experience local Realtor who will be able to give you some insights, nobody can predict the future, really not
It depends on so many factors, the economy, the unemployment in your area, and how many short sales and foreclosures are on the market and may still be coming on the market and how many distressed homeowners will have to sell their homes below market just to get out.
A good local Realtor with many years of experience could help you out with some more distinct numbers and some suggestions.....
It all also depends what your next step would or could be.
@Properties North Shore, 30 Green Bay Rd, Winnetka, Il. 60093
covering the city of Chicago, all N and NW suburbs and the fine homes of the North Shore
Edith always works in the very BEST interest of her clients, Buyers, Sellers and Investors alike and she certainly goes the x-tra Mile with a Smile for all her clients with experience and market expertise
Have a wonderful Day!