Hola sapito.

I do work Broward county and would be happy to help you. We would need to analyze the market value, the benefit of a future value, determine if there will be a deficit in holding it, the cash needed for your next investment, the amount of equity on this home, the possible rental rate, the type of mortgage you currently have, etc. There are many factors to analyze before making a decision.

Feel free to call me at any time. I will show you a path, You chose the way.

Magda Robles, CRS,GRI, Broker Associate - Plantation, Florida

Sapito,

it's not a clear-cut situation, and not only a money matter.
Renting: +avoid the current market slump, get a better price when you sell later -you become an absentee landlord -who knows when the market will improve, one year may not be enough time -lots of sellers not wanting to sell right now are your competition
Selling: +avoids becoming a long-distance landlord -probably less money now than at a later sale.
Talk it over with two or three recommended realtors who work your area, and if necessary contact one of us here for some more arms' length advice afterwards.

All the best,

Tobias Kaiser, MS, CIPS
Greater Fort Lauderdale Real Estate Broker + Consultant
Certified International Property Specialist

The quick and easy answer is... • RENT IT • ... the way things in the real estate market are today, you would probably need to sell at a price far less what you would expect. The market is saturated with short sales, REO's and foreclosures. The question is... Can you afford to rent it? Are your costs of ownership higher than what the rent would be? These questions are easy to answer.

It may make sense to rent the house to the right people and under the right circumstances for a year or two. Perhaps a lease/option or lease/purchase would be best. Talk it over with a real estate professional and get the ball rolling.

I think this is a tough question for most realtors to answer since the bulk of our income comes from selling homes as opposed to working rentals. I prefer offering honest advice that is in the best interest of my CLIENTS and not my pocket (although it would be nice if the two coincided)! Now, depending on the equity you have in your home it may still be a good time to sell, especially since single family homes in Hollywood are moving faster than condos. However, as another realtor noted earlier, if you can't price the property correctly where it needs to be or if you are upside down, owing more than the property is worth today, it would be in your best interests to have somebody rent your home in hopes of selling it at a later date when you can see some positive proceeds... Feel free to contact me directly if you would like a free market analysis on what your home is worth today. My office is in Aventura and my partner and I have a lot of experience in Hollywood as well. Best of luck in your decision!

I am a Dallas realtor and Texas loan mortgage officer. Happy to assist you determine what is your best interest. There are many options need to be reviewed for your file.

Contact my office 972-699-9111
Lynn
http://www.lynn911.com http://www.homes-for-sale-dallas.com

Sapito,

If you can afford to list the property for the right price it is still a good time to move the home. On the other hand if you can't afford to price it where the market is the best thing for you to do is rent it until conditions are more favorable for you.

Good luck,
The "Eckler Team"