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Answers (4)
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
Do the research, do the math, weigh the options, try to predict the future, prioritize the desires of your heart,
or,
just flip a coin.
If it comes up wrong on the first flip, go two out of three just to make sure.
or,
just flip a coin.
If it comes up wrong on the first flip, go two out of three just to make sure.
- Kathy DeAngelis, "Kathy DeAngelis"
- Contributions:178
In my opinion, it depends on the value of the house. If it is under 200K, those are holding pretty steady and even rising in many parts of the valley. 200K-400K...could go down a bit, but probably not drastically. More than 400K...they say this could be a bad year for luxury homes b/c of foreclosures from interest rates re-setting. You may want to bail now rather than chasing the market down.
Good luck,
Kathy DeAngelis
Realty Executives
Good luck,
Kathy DeAngelis
Realty Executives
- Jeff Masich, "Arizona Homes Land"
- Contributions:508
Dear Hotroy:
Phoenix metro median prices have risen 7 of the past 8 months, showing a trend.
A end to the tax credit and higher interest rates could halt this however. Where unemployment goes from here is a guess that the experts do not agree on.
Wish I had a better crystal ball for you.
Sometimes good things happen in the Spring. That is what my mother tells me. You know I trust my mother.
I would say hang on and rent again. However, only your pocketbook and accountant can answer that part of the equation.
If you do sell, stage in well, get it looking great from the street. This really really helps get the best price.
If I can help in any way just ask.
Jeff Masich, Realtor
Arizona Homes and Land
Scottsdale, Arizona
HomeSmart Reatly
Phoenix metro median prices have risen 7 of the past 8 months, showing a trend.
A end to the tax credit and higher interest rates could halt this however. Where unemployment goes from here is a guess that the experts do not agree on.
Wish I had a better crystal ball for you.
Sometimes good things happen in the Spring. That is what my mother tells me. You know I trust my mother.
I would say hang on and rent again. However, only your pocketbook and accountant can answer that part of the equation.
If you do sell, stage in well, get it looking great from the street. This really really helps get the best price.
If I can help in any way just ask.
Jeff Masich, Realtor
Arizona Homes and Land
Scottsdale, Arizona
HomeSmart Reatly
- Christine Loschiavo, "Real AZ"
- Contributions:87
If you don't need the cash, and can think of the property as a long term investment (like stocks) that you buy and hold, you will eventually make money on the investment. However, being a landlord can be quite a hassle so I would encourage you to look into property management companies in your area. On average, property managers earn 10% of your rental price. They advertise, show the property, write the lease, handle problems, and eviction paperwork if needed. You, get a check in your bank account each month. You will have to weigh the costs and risks of owning rental properties and decide what you are comfortable with.
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I am trying to decide if I should re-rent or sell a 3br house in Phoenix
Thanks
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