|
Thinking about moving OOS--Where to begin with selling/renting current house?
| Posted By |
Message |
nraboni
Uggh...
Member since 10/09 6905 total posts
Name:
Nicole
|
Thinking about moving OOS--Where to begin with selling/renting current house?
My DH and I are thinking about moving OOS. We are in the process of looking for jobs in the new city. For housing, we would just rent until we knew for sure the area we wanted to live.
But...what do we do about our current house?
Should we rent it? If so, is it possible to rent it out for almost as much as my mortgage?
Should we sell it? With the current market, we may not be able to sell it and breakeven.
I just don't know where to start.
|
Posted 6/10/13 2:42 PM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: Thinking about moving OOS--Where to begin with selling/renting current house?
if you could rent it to cover your expenses- who would be the property manager? as an out of state landlord- you are going to need to make repairs etc to the home
selling it is probably the better option in the long run
your first step would be to get a market anayslis done from a realtor
|
| Posted 6/10/13 3:11 PM |
| |
|
nraboni
Uggh...
Member since 10/09 6905 total posts
Name:
Nicole
|
Re: Thinking about moving OOS--Where to begin with selling/renting current house?
Posted by Beth
if you could rent it to cover your expenses- who would be the property manager? as an out of state landlord- you are going to need to make repairs etc to the home
selling it is probably the better option in the long run
your first step would be to get a market anayslis done from a realtor
If I could rent it, the property manager would be my Father since he lives in the same town.
|
| Posted 6/10/13 4:10 PM |
| |
|
pnbplus1
Family
Member since 5/09 5751 total posts
Name:
Mommy
|
Re: Thinking about moving OOS--Where to begin with selling/renting current house?
We are in this situation except that DH already has a job in our new city to be.
We are still trying to figure out what to do. GL!!!
|
| Posted 6/10/13 5:39 PM |
| |
|
ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
|
Re: Thinking about moving OOS--Where to begin with selling/renting current house?
Posted by nraboni
My DH and I are thinking about moving OOS. We are in the process of looking for jobs in the new city. For housing, we would just rent until we knew for sure the area we wanted to live.
But...what do we do about our current house?
Should we rent it? If so, is it possible to rent it out for almost as much as my mortgage?
Should we sell it? With the current market, we may not be able to sell it and breakeven.
I just don't know where to start.
You are going to have a difficult time getting a mortgage on a second house if you are renting a house that is underwater.
Make sure your father is aware he may have to pick up the phone at 2am from a tenant if there is a leak in the house and he will be expected to act on it immediately.
|
| Posted 6/11/13 7:52 AM |
| |
|
Currently 1197412 users on the LIFamilies.com Chat
|
