Our house in Bath England has been on the market for at least two months and we’ve had exactly one showing. Ouch.
We had two options:
- Drop the price
- Rent it out until the housing market recovers
We decided to put it up for rent and the next day we had a showing and they immediately took the rental. Hot damn.
If you don’t need the equity out of your house when moving, clearly the better choice is to put it up for rent - given the current depressed housing market.
I did the math and renting the house out for two years and then selling when the market has recovered, will make us 70% more profit.
Sounds like a no-brainer to me.
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- goodvibes-racing said: or if you just keep the house and rent it, you can keep a propery management firm on retainer, and make 1000%s more profit haha. but i support these thoughts either way.
- ryanleecarson posted this
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