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Question by xyz: The Real Estate Market is dead, should I rent my house and take a loss until the market rebounds?
I have a house a block and half to the beach in NW Florida. Remodeled 3/2 w/ loft office, pool, large lot, etc. No leads after 2 months. I assume the market will come back in a year or two and would hate to basically give away such a great house. On the other hand, I?m worried about rentors damaging the house. Also I will not be able to get enough monthly to cover the mortagage payment, I estimate a 0-0 a month loss.
Best answer:
Answer by PatV
Selling a home is never easy, so expecting something after just 2 months is premature.
I do not recommend renting this property. Having a pool requires maintenance and upkeep. Even if you offered to share the cost of upkeep and water, you still risk damage to the filter system and yard maintenance. You should have an inspector go through the property so you have an idea of things that may come up in a negotiation.
Market this house ? get a realtor that will promote your property and get your home listed on the web, craiglist, newspapers, etc..
Hang in there.
What do you think? Answer below!
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