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Thinking about renting our home.

Hello,

My husband and I are thinking about renting our current home, and moving to a larger one. We are wondering:
1. What other rentals are going for in our area?
2. Pro's and con's of renting?

We have a well kept home, but it has deprecited in value significanly over the last 6 months - 2 years, so selling doesn't appear to be an option.
Advice?
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January 17 2011 - Winslow Township
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Answers (1)

Lots of options.

First look at your finances - and find out if you will qualify for another mortgage.  The income from a rental will likely not be counted towards your ratios.

Then check with an REALTOR - a good one can you rent your place and find you a good place. They can even set up property management so you don't have to deal with the tenant if you don't want to.
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January 17 2011
 
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