If I was in your position I would rent the property, I'm sure the Military have advisors who can give advice on this type of situation.

go to a rental agency they will usually take fifty percent of the first months rent and ten percent every month after, they will run it for you, get a good agency, also you will avoid the cost of selling. But talk with an expert in the military to look at the whole picture. or call Clark Howards staff the number is on his website at clarkhoward.com lots of good financial advice there. hop this helps.

I would recommend that you try and lease it with a realtor or advertise it yourself. I still feel that a realtor will bring in more tenants and the realtor will also check their credentials, credit, etc., advertise the house on the Internet and usually the fees for rentals are not too high. If you need a good realtor, please contact me at leeanita13@yahoo.com and I will recommend one. Good luck!

Contact a real estate management company and lease your property. They will take a small cut monthly, but manage the hassle of this for you. When the economy is better, they will also sell it for you, or set it up for you as you wish. Good Luck

If you are in a rush, but DONT need the profit from the sale of the house and just want to "break even".... You need to decide what you are willing to accept in terms of a final price, even if it means breaking even—despite your area comps being higher...you are in a time-sensitive situation. Then, you need to work out what monthly payment you need in order to cover the mortgage, taxes, insurance (PITI). Based on your monthly needs and your rock-bottom sell price, you could put yourself in a position to create an attractive lease-buy (often called rent to own) for someone interested in moving to your area, without the means of having a significant down payment. Example, Say your rock bottom price you would accept is 500K. your monthly payment just to keep it is say $3000. You can get a buyer in your house with a lease buy agreement for a small down payment of $5K, charge them $3500 a month and allow $500 a month to go towards the downpayment of the house. You establish the purch price to be $500K. Therefore, after your lease term (set it for a year) the buyer would have in effect, 6000 ($500 X 12) plus the $5K down, for a total downpayment of $11K. That could help them get a mortgage, show payment history and gets you a monthly payment to cover your mortgaqe for a year and gets your purchase price. This only works if you dont need the money to buy your next home. This option is better than rentals, because although they are technically a rentor, they are intending on buying the house and treat it as if they already own it. If after the lease term expires, they can buy it or if not, you re-negoiate the terms and payment and do it all over again. Most of these turn into sales, though. BTW< most realtors may not be familiar with this or comfortable executing it. a RE attorney is a must. Good luck.

Options: List it for sale and take the loss. List it for a break even and keep it on the market for many months and have the 30 to 40K eaten away in monthly mortgage payments. Sell at a loss and have the house listed as a short sale with an agent that knows how to do a short sale listing (contact me if interested). Or be an investor. Put the house up for "lease to own." Lease it to a prospective buyer for three to five years. Use the tenant / buyer's monthly rent payment to pay the mortgage. When the property goes up in value in three to five years (yes, it's possible), complete the sale portion of the contract at that time and at least break even. You keep your credit score stable and have not lost your equity. (I can help with these as well - I'm in So Cal - Long Beach, Orange County area).

Is it possible to rent it out, or are you in an area where even the rentals are suffering? No one wants to eat 30-40 grand, but depending on the part of California you are in, it could be much more than that a year from now. I would need more information and a particular location before I could say much more. My company has a "Hot Buys" program for sellers in Orange County, Los Angeles County, Riverside & San Bernadino Counties and the average Days on Market is 11. If selling your home turns out to be the right thing for you and your husband, we can talk about that program.

You will probably need to contact a Real Estate Agent to get some good advice for your area. If the rentals in your area aren't going well then you will have to look at selling. Please don't put your head in the sand and let it go. Try to sell it. Have it looking as good as it can be. There is a lot of competition out there. You have to be on top of your game. Set the price. Lower it steadily until you get your buyer. If you have to end up doing a "short sale" it is better than a foreclosure. It is a ding on your credit but at least you won't lose your VA status. Short Sales are when you try to get the bank to accept less for the house than what they are owed. A good agent can do that. But you do have to get on it and don't let it get away from you.