Thursday, March 28, 2013

Question around putting rental back on the ... - Zillow Real Estate ...

There are several factors to consider here.

You state you will sell if you "can get a decent price." ?What is he current value of the home? ?It's current market value will indicate what you may be able to sell the home for.

You also state, "I would like to see if I can get more rent this time around." ?What is the current market rent of the home? ?As with market value discussed above, the market rent will give you an idea of how much you will be able to rent the home for.

The properties for sale around the corner, if they're still for sale, may be your competition, assuming they are similar to your home. If so, you will need to price your home better than those competing homes, have your home be in better condition, and be more available.
If these neighboring homes have sold by the time your home is put on the market, then it is possible that their sales will dictate your home's current value.

It is often difficult to show tenant-occupied properties. ?Tenants may make scheduling showing appointments difficult, and often they do now keep the home in showing condition.
Have you inquired with your current tenant to see if they wish to extend their lease? Or perhaps they may be interested in buying the home.


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