2006-12-18 07:33:24 · 9 answers · asked by DJFRANK 1 in Business & Finance ➔ Renting & Real Estate
That depends. My brother and his wife rented their first house for a while. It broke her heart to see how renters treated her first home. I sold it for them a few years later and their very happy without it.
It also depends on the market. Does it look like the value of the house will continue to rise where it's at? Is it getting ready to need repairs? Is it like San Antonio where the rental prices are dropping because everyone from California bought a house here to rent out?
If getting the answers to these kinds of questions is hard, then go ahead and sell it now.
2006-12-18 07:48:18 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Unless you think you can sell it right away, then do it because you could probably get a good price on the house you want to buy., but if you cant sell your house quickly, wait. Or sell your house first before you buy another one, otherwise you will have two payments.
2006-12-18 07:46:15 · answer #2 · answered by hirebookkeeper 6 · 0⤊ 0⤋
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2016-10-15 04:41:54 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Depends on if you love it or think of it as just a house. Sell it for a profit or keep it and lease it to people so it's still yours and making a profit.
2006-12-18 07:41:45 · answer #4 · answered by reflective_pool 2 · 0⤊ 0⤋
I'd keep it. I built a nice real estate investment portfolio over the years by keeping my home and renting it out when I moved to a new one.
2006-12-18 07:51:47 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋
if at all possible i think you should rent it for extra income, however if you need it for a down payment or something then sell it. if you rent it you could have extra money every month to make your new mortgage payment and that leaves you with less to worry about good luck on your investment. happy holidays=)
2006-12-18 07:42:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2006-12-18 07:43:54 · answer #7 · answered by Anonymous · 0⤊ 0⤋
sell if u want money to buy the new house sell it.Else refiance get money out and rent this one
2006-12-18 15:17:26 · answer #8 · answered by ashwiniak2 1 · 0⤊ 0⤋
remember that it is very difficult to manage property when you do not live nearby.
2006-12-18 07:45:05 · answer #9 · answered by rae 2 · 0⤊ 0⤋