Good for you to ask questions before taking the plunge.
The issue is what do you need? Another way to ask is what is your motivation?
If you need the money or are in fear of a foreclosure, then the general answer is to sell. DO NOT be rushed into a sale because of a possible foreclosure action. Talk with your lender first! A remodification of your loan is an avenue to pursue.
As for a rental, are you prepared to be a landlord? Will you mange the property yourself or hire a property manager? Do you realize your taxes will change? Do you know you need additional insurance? The list goes on, however you need to make sure you know what you might be getting yourself in to.
Also, you will not get rich by renting out one property. You will get someone else to pay the mortgage. Also, know that whoever lives there will not take care of the property as you would so do not have great expectations.
So again, what is your motivation? Please consider your options with great care.
Hope this helped.
Dominick Dina, Broker/Owner
Christian Realty San Antonio
Flower Mound homes sale and also lease really fast. I had a home lease out in one day.
Either way you go you wont go wrong. I live in the area. I would love to talk with you.
Contact me anytime. Good luck.
Legacy Premier Group
If you are not working with a Realtor I would love to help you out since I do know the
area. Have a great day!
Legacy Premier Group
972.342.0929 or text
However you can list your home for sale or lease determine when contracts are presented which works best for short long term goals.
Our real estate service offer homes for sale flat fee listing AND work with many families seeking lease a home.
CONTACT OUR OFFICE TODAY
Lynn A. Crosby ~ National Featured Realtor
Follow me on Twitter: http://twitter.com/Lynn911
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor, and Credit Repair Consultant -
The Michael Group - "Dallas Business Journal 07â€™ & 08' list top realtors"
Dallas Loan Officer -
Dallas Real Estate Website: http://www.lynn911.com 60,000 listings Dallas homes for sale
If either scenario works for you, I would suggest listing for sale as well as for lease and see which bites first.
I'll be happy to assist if you are not working with a Realtor.