Zillow Advice: Market Conditions - Better to lease or sell? http://www.zillow.com/advice-thread/Better-to-lease-or-sell/454499/ Zillow Advice | Zillow Real Estate That's a tough one.&nbsp; ... http://www.zillow.com/advice-thread/Better-to-lease-or-sell/454499/ That's a tough one.&nbsp; I would say given your situation, you are better off renting for the time being until you are able to sell the house for a profit.&nbsp; Unfortunatelty, these cases occur a lot and ultimately you'll figure out yourself what will work best - just weigh all the pros and cons and see what makes the most sense financially.&nbsp; Wed, 08 Aug 2012 17:43:00 GMT http://www.zillow.com/advice-thread/Better-to-lease-or-sell/454499/ 2012-08-08T17:43:00Z If you are moving due to ... http://www.zillow.com/advice-thread/Better-to-lease-or-sell/454499/ If you are moving due to a job relocation, that may qualify as a hardship for short sale. I do not know when you bought, but I would not hold a condo that pays only 50% of the cost of renting it out if you can arrange for a short sale instead. I would write the bank a <a rel="nofollow" href="http://homebuying.about.com/od/shortsale/qt/How-To-Write-A-Hardship-Letter.htm">hardship letter</a> and see if you can get them to agree to a SS.<br/><br/>Before you decide on short sale though, talk to a local attorney on a 30 minute consult and ask several agents how long it would take to sell your condo in a 120 day listing period. Carrying an underwater asset that is down 40-50% is often along road to walking away later so it is better to try to deal with it now if you can. Tue, 07 Aug 2012 20:19:00 GMT http://www.zillow.com/advice-thread/Better-to-lease-or-sell/454499/ 2012-08-07T20:19:00Z