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Answers (2)
- Matthew Carr, "mnc615"
- Contributions:131
Its definetly a great time to be conscious of that decision. Take into account that even if you rent now at a loss you will be able to adjust your income when you file taxes for those losses. Also, as long as you have lived in it for the last two years you will be able to sell it without paying captital gains tax during the next three years, considering it does turn into a profit at closing.
- Jennifer Layton, "AgentJ"
- Contributions:8
Hi Zebby.
Look at the list prices of homes that are for sale in your neighborhood. Would you be able to price yours to be competetive? On the other hand, would a tenant be willing to pay enough to cover your mortgage on the townhouse? If not, do you have the cash to make up the difference each month? Lots of questions, I know, but good ones to start with.
Good luck!
J.
Look at the list prices of homes that are for sale in your neighborhood. Would you be able to price yours to be competetive? On the other hand, would a tenant be willing to pay enough to cover your mortgage on the townhouse? If not, do you have the cash to make up the difference each month? Lots of questions, I know, but good ones to start with.
Good luck!
J.
I will be moving into a new home at the end of Feb 2009. Should I sell or rent my home?
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