Since I am not a Realtor from your area, this is a hard question to answer. A local experienced Realtor though will be able to give you some insight, although as you know none of us has a crystal ball to predict the future. I think you need to look at how solid your current renter is, if they would rent for another year.... By the way a good advice I often give my clients in a similar situation as you, as your current lease nears the end put the home on the market, if and when your current renters do not want to extend the lease another year, and put it on the market for both sale as well as rental and see
what the responses are going to be.
Just a suggestion, but a local Realtor may have a better insight in your market, or after having seen
your home, its upgrades, floor plan and size and exact location, can give you better advice. Also you
should look at how much equity you do have in the home that is currently rented, does the rent cover your expenses, and then look at the market evaluation and recently sold homes to determine
if continue to rent or sell now or in the Spring is a better choice for you.
I hope this helps...
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Hi my name is Peyo Rubio and I am a licensed real estate agent with RE/MAX Northwest. The average selling time is about 50-60 days on market but then again their are other variables that are involved, including how the house is priced and presented. I am a local agent that lives in Legends Ranch which is right around the corner from Spring Trails, please feel free to call me to set up a free evaluation of your home. I also provide free staging that helps with the sell of your home with the listing agreement! Please call me or email me at 832-638-9166 or at email@example.com Thanks and look forward to hearing from you. The selling season is upon us, lets list it and sell it during the summer!... more
I think you can never trust the numbers the big corporations tell you.
They hire and layoff at the same time.
They say the investment in this facility or that project is X.
We're made to believe it is X today when it may never be X or it will be X over 10years and includes tax cuts, givebacks, and whatever else they can through at it.
Plus there are so many other moving factors in the market.
I don't think you should wait on an Exxon factor.....interest rates may go up and that could mean less buyers...or same amount of buyers but at a lower price point. Just a small shift in interest rates can mean a huge hike in monthly payment and that also hurts you on the flip side.
Renting in hopes that prices go up is probably not a good strategy either. You'll likely have costs on the flip when the renter leaves and you need to put the home in show ready condition.
Probably not what you want to hear, but probably a good idea to do your best now....hope you give the next seller a bigger haircut and hope you do better with the next one..if you are cutting it thin on this one. That's just the reality often of today's market.... more
It could. What about Julys payment, Augusts payment, September etc.?
When the house sells, whoever you have your mortgage with will get paid the balance due on the loan including any payments and fees not yet paid out of the proceeds from the sale. If you can't sell the house for what is owed, then you will be resposible for the balance and would need to bring money to closing. If you can't bring money to closing, then the sale would most likely be a short sale. A short sale is when more is owed then the property sells for. The seller asks the bank to forgive the difference. There are requirements in order to do a short sale.
If you are using an agent to sell your house, I would bring this up with her/him. If you are selling by owner, you will have your hands full and will need help. Best of luck... more
I recently listed & sold a property for my client that they'd been trying to sell themselves thru Why MLS before. They had paid a flat fee to Why MLS, but unfortunately this company did not do anything to market, show, promote, negotiate, advise,etc. since they don't represent the seller. They tried saving money, but in the long run their house was on the market for over a year without any offers. It makes sense to hire a Realtor to represent you in the sale of your most important asset! Click on the link below for more information.... more
I checked the Houston MLS information and your home's status shows as "S" (sold). So, I'd guess that your REALTOR has not manually removed your former home from her Trulia listings. Check with her to find out.
Or, you may just be seeing the residual internet search results. Once something is on the web, it can stay there a long time.
If there is anything that I can help you with, please let me know.
If the home is paid off there is no longer mortgage to deal with. You want to have an attorney draw up the papers to convey the property from him to both of you. Very quick, simple and inexpensive.... more