Posted on: 03rd Sep, 2013 12:15 am
I will be moving to a house closer to my work place which has been paid off. The present house in which I am living has a mortgage of $50,000 mortgage still left on it to be paid. Should I sell off the property or should I rent it to someone else before moving to the home closer to my workplace?
Hi Mel,
In my opinion, selling would be the best option. Thus. you will not remain liable for any maintenance of the property. Moreover, there is no guarantee that the tenant will make on time payments.
Take care
In my opinion, selling would be the best option. Thus. you will not remain liable for any maintenance of the property. Moreover, there is no guarantee that the tenant will make on time payments.
Take care
Welcome Mel,
I agree with what Sara has said. It will be better to contact the local real estate brokers and check out if they can help you with buyers.
I agree with what Sara has said. It will be better to contact the local real estate brokers and check out if they can help you with buyers.