Monday, July 21, 2008
house ideas?
we've recently been given an offer for our house, only not to buy. paul has an ex-co-worker (she recently got a better job) that's planning on staying in globe for up to four more years, but she and her husband aren't interested in buying, just renting. they like our house, and would be long-term renters (year contracts, for up to four years), and the rent would cover the morgage and insurance payments, but not much else (if anything). the problem is we're not planning on heading back out this way to check up on the property, and we're not sure if we'd be able to sell better later anyhow (especially since we may not be around then) we need to decide for sure as soon as possible, and we'd appreciate any advice. would you leave a house on the market hoping it'll sell soon, or take the renters and pull it off the market for a few years? globe theoretically has people moving in to work at the mines (we know the mines are hiring), but the market has slowed in the last month. any suggestions?
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5 comments:
Well, that sounds like a tricky situation. Jacob and I both think that being landlords in another state would be hard. So we vote that you try to sell instead of rent. But, go with what feels right. Good luck!
Personally, I would only consider renting if I was making at least a small profit off rent, and if I could hire someone to look after the property. Good luck!
i say sell too. it could be a really big headache if you are still responsible for it when you move. also, there is no better way to ruin a friendship than to put business in between you and them. do you have a good realtor? maybe ask joey for ideas at least?
the problem is, it's definately a slow market, and we're not sure how long it'll take to sell. it could be months, and we definately can't afford that. if it was easy to sell, that's a no-brainer.
I have to agree with Megs. If you can find a trusted manager/agent to look after your interests, and if you are making any money on the deal, then I say go for it, better rented than not sold, but what if the market doesn't get better in a year or two, won't you still have the same problem? you are in our prayers!
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