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With the way the market is now, is it smarter to sell or rent out my house?

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October 27 2012 - Colorado Springs
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Answers (4)

Zelicon88,
I agree with what's been said. It really depends what you are looking for. If your rent covers more than your mortgage payment and you have not immediate need to sell, maybe you want to keep the property and view it as a passive income stream.

If you feel you'd like to just get out from under your home, then selling it is definitely and option now that prices increased and homes under $250K are still selling quite quickly, if priced right and in good condition.
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July 28 2013

The market is better now in May 2013 than when you first posted last fall.  If you didn't sell then, I would suggest selling now. There are buyers looking for homes and pricing is moving upward.  Summer is always a great time to sell.

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May 23 2013
It depends on what sort of return on the investment you are seeing.  If you have a $200,000 house that rents out well in a great neighborhood with positive cash flow than yes, I would keep it as along term investment.  

If you sell the house what would you do with the money?  Would the money see a better return on investment in the current property or in the new investment?  Could you sell this property and buy one that would get a better return (more appreciation or better cash flow)?

http://www.mortgage-investments.com/resources/online-calculators/10-year-investment-in-real-estate/

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October 28 2012
Some markets are still down a bit and some are up, which meant the markets are currently on the road to balance (recover) themself, the wise man didn't sell in this market. There will be the bumping on the way but it will be less and less bumping day by day.
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October 27 2012
 
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