Ok so I was recently talking to a woman who needed to desperately sell her house. Her and her husband haven’t lived in it for over 8 months. They moved! They bought a new house! They are done with the old house. Ok?

Now, let’s also add the fact that they are paying approximately $1500 to $1800 a month (this includes taxes and insurance) every month on a house they don’t live in anymore. Plus, they still pay all of the utilities; electric, water, sewer, heat, etc.

And let’s also add the fact that the husband is in desperate need of an operation that he will most likely be getting soon that will PUT HIM OUT OF WORK! What’s that mean? Less income coming in of course. Soooooo less money to pay BOTH mortgages, right?

I’m not even done yet. Their house has been listed for going on 6 months now! It’s a nice house, in a nice neighborhood but #1) People aren’t getting approved for mortgages now like they used to and #2) These sellers are UNREALISTIC about their price. Ummm something’s wrong if you’ve gone 6 months and your nice house in your nice neighborhood hasn’t sold!!!

So what’s the problem here you’re wondering? Well there is no problem for ME….I offered to help these folks out of their problem situation but they are waiting around for that $30,000 to $40,000 payday! Hint: It ain’t happening because they aren’t going to sell their house for that much above what’s owed. Plus, keep in mind that thus far they’ve already spend $18,000 plus paying the mortgage and utilities! So, don’t forget to keep deducting those costs from that potential profit they are looking to make.

Bottomline folks: Don’t bury your head in the sand or get too emotionally attached to your property when you CAN NOT AFFORD TO KEEP IT! Sure, you may potentially be giving up $30k of profit….but at $1800/mo in bills for a house you don’t live in and can’t afford……..paying those bills for a year and a half will have already eaten up that $30k profit of yours! Now guess what? When you sell your house you sell it for a HUGE LOSS.

Keep in mind that I don’t tell you this stuff to scare you, I tell you this stuff to help you stay on top of your real estate situations. I see them every single day…..don’t wait too long and become the sellers’ that I’m talking about in this situation who are going to end up in a huge negative situation.

Check us out here if you need to sell your Pennsylvania house fast!

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