I am referring you to a loan officer at Presidential Mortgage Group in Colonial Heights, VA. Her name is Lee Boisseau (804) 217-4930, firstname.lastname@example.org. Give her a call or email her and she will be happy to answer any of your financing questions. Please call or email me if you have any real estate questions. If you would like to see the 5530 Koufax Drive property, I would be happy to show it to you. If you would like to see any property in the Central Virginia area, I will be happy to show it to you. Have a great evening.
Sharon Nichols, REALTOR
What a great question. It really depends on your situation. Do you need to sell in order to purchase something else? Will the rent cover your holding cost? Are you prepared to managed the property yourself or pay a property management fee. Also consider the cost to prepare the house for sale once the lease is up. You may also want to consult with a tax professional.
The question about the market is a tougher question. We are seeing some signs of stability but would not expect HUGE market improvements anytime soon. That said, it will certainly depend on your particular home, location, competition, etc.
Once your listing expires, consider obtaining a 2nd opinion of value from another licensed Realtor/Broker or appraiser to re-assess market value along with interviewing another Realtor on marketing your property. The spring market is coming. It is a great time to re-evaluate and leverage the market condition.... more