If I wait to sell my house I could be wating for a long time in the current market. I cant afford to pay a mortgage on this house and rent another one.. Well I could for about 3 months maybe but no more than that. I want to get out of where I am living asap so I really think renting out the house is the only option at the moment as I reckon I will get somebody to rent the house far far quicker than selling it.
@ iguana. In an ideal world I would put the house on the market next week and have it sold by May 08 but I really dont think that will happen.. even if I advertise the house for 10 - 15% less than what other houses in the area are going for.
If I advertise the house for a lot less than other houses surely people are going to get suspicious and wonder why it is so cheap?
I need to find a happy medium and if I can sell the house by May or June 08 then I wouldnt rent it out.
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