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/u/Kitchen-Tomorrow7492
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Hello all, I bought my house when I was young and paid 110k and have a 2% interest rate. My mortgage is $950 a month (most of it taxes, hence why I'm leaving the state).
If I sell today, I can get about $220k, if not more.
I am torn between selling and renting in my new state and using those profits when I find a house I like. OR, renting the house out and having a back up plan if I decide I want to come back down the line.
With the housing market, I am terrified to sell a house that I got so cheap and has such a low interest rate. But on the other hand, I would profit at least 100k in the 8 years I've owned the house. If I rent, it would rent for about $1500 a month. I would be out of state, so anything that breaks would have to be contracted out. I won't be able to do checkups more than once or twice a year
submitted by /u/Kitchen-Tomorrow7492
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Should I sell or rent my house before moving out of state?
Continue reading...
If I sell today, I can get about $220k, if not more.
I am torn between selling and renting in my new state and using those profits when I find a house I like. OR, renting the house out and having a back up plan if I decide I want to come back down the line.
With the housing market, I am terrified to sell a house that I got so cheap and has such a low interest rate. But on the other hand, I would profit at least 100k in the 8 years I've owned the house. If I rent, it would rent for about $1500 a month. I would be out of state, so anything that breaks would have to be contracted out. I won't be able to do checkups more than once or twice a year
submitted by /u/Kitchen-Tomorrow7492
[link] [comments]
Should I sell or rent my house before moving out of state?
Continue reading...