When all else fails...Rent it?

One of the first properties I got to manage was a cute little condo in Virginia Beach. It was owned by Justin, a military personnel who bought at the height of the market just before the crash in 2008. Right after purchasing it he began to make improvements to the property. It was completely adorable and he had take such good care of it. When he called me in 2014 to sell it, I had the unfortunate job of informing him he was "under water" and he owed more on the property than it was worth. This actually happened a lot to me that year as most sellers who had bought in the last 10 years were in this same boat, lucky to break even. (The average cost for a seller to sell is about 10% of the home

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Beach Realty United

195 S. Rosemont Rd., Suite 109 Virginia Beach, VA 23452

  Office 757.497.8733   -   Direct 757.508.3006   -   Fax 757.473.0187