Your changing needs or desires should also factor in to renting, selling or staying put. I live in Pflugerville myself. Homes with 3000 - 3500 feet sold in the last 90 days brought on average $67 per foot. Yours could be quite different so you need a realtor to do a CMA for you to place your home. Rents for such a home average 46 cents per foot. Using that data you could list to sell in the area of $225,000 or lease for $1472 per month if your home is like the average home.

Offer the house both ways and let the market demand dictate whether it sells or leases. There is demand for both right now. I am finding a lot of demand for leasing this year due to people coming to Texas from other states still having homes to sell before they can buy in Texas. They want to lease a home they would consider buying, and they want to avoid moving twice.

Best of luck to you. Have a blessed day!
Ronda


Ronda Allen
Realtor and Certified Purchasing Manager
RE/MAX Dallas Suburbs

Joe,
Have you considered selling with owner finance? You can usually get a higher price for this as well as positive cash flow in addition to your mortgage being paid. We have a way of doing this that is completely secure and legal.

Let me know if you want to learn more.

Now is the perfect time to sell interest rates are at all time low. If you rent you have that constant worry about your house, is it being taken care of etc.

I bought a brand new house 10 years ago. Thus the house is 10 years old. I do not have any payment on the house. I am hoping that the rent will take care of the property tax and other house maintainance. The house is a working condition as I leave in it with kids. Also we just replaced the roof due to hail damage. I do not have a carpet in the first floor. It has 5 bedroom, 3.5 bath, game room, good size back yard. Nice trees in the front yard with good yard appeal.

You are not alone in your situation, Joe. I know many who would like to sell, but don't have much incentive to do so yet with the market trend. You don't say how long you have owned your PF house, its condition, or what your monthly costs are. As Sara noted, not all PF neighborhoods are the same.

You might want to consult with a real estate professional experienced in both selling and leasing properties. I would suggest that you do this soon.

The summer is the busiest time of year for sales AND rentals. If the most likely buyer /renter of your house will be a family w/children, most will want to "be in place" before school starts. After August, the market tends to slow quite a bit for rentals. Sales also start to slow down.

One thought would be to put it on the market both for sale and lease. If you get a good renter for an acceptable price, you can continue to market the property for sale to an investor, since any buyer would have to honor the lease. You might find someone interested in a shorter term lease (say until the end of May), and you can again try the sales market during the peak selling season.

I would warn you about over-pricing the rental price...if you don't get any showings or interest in 10 days, drop the price. Let your real estate agent help you determine the most likely rental price and go with it. You don't want to miss the window of opportunity left to lease the house.

Good luck.

Hi Joe. If you send me an email with your home address, I will do a specific search for you regarding the potential rent vs. potential sale profits in your subdivision. Not all Pflugerville subdivisions are created equal! Be aware that there are a lot of buyers out there who want to purchase this year to get their $8000 tax credit. I'm happy to help you out.

Regards,

Sara
realtorsara@gmail.com
512-560-5115

Joe,

Good day. There are many things for you to consider. If you have not refinanced your home in the ten years you've been in it, then the time might be right to sell it now. Rents in PFL for a home like yours range between 1200-1500, depending on the condition and features. You may want to talk with a mortgage broker to make a more informed decision on whether to sell or lease. http://www.buyershouserealty.com/frame.shtml?http://www.ahfm…

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Regards,

Gavin St.Louis
Texas Managing Broker
BuyersHouseRealty
"Showing You the Real Estate Rebate"