Then call your lender and find out the details of your loan and what your options are for renting. Are there any penalties for early payoff, if it is assumable what are the terms?
Talk with a local experienced real estate agent and get a market value of your home. They can run some numbers if you were to sell and based on any equity you may have what it may take.
Talk with a property manager and find out what the rental market is for the home and what it would rent for.
Then when you have all that information you will be able to determine what options you have. Will there be a cost of living adjustment in WA which perhaps could offset a loss between the rental income and the mortgage, housing cost?
I wish you all the best.
And, yes I said they have to qualify as do all other loans that are being assumed.
There are choices, and investigating all the options before making a decision is the best way to go.
How will you know if you do not get all the information.
You can rent the home or better yet have your husband NEGOTIATE a relocation package to include a buy out on your home.
RE/MAX Realty Group.
You may be able to sell depending on the inventory in the area- if not you can definitely rent- I have my own property management company so I would be happy to assist you with either selling or renting- give me a call at 301-785-1995- look forward to hearing from you!
That is where Lennar may come in.
I have sold Lennar before and certainly would be happy to approach them with the general question for you.
Lisa Miller Scott
Sellstate Dominion Realty
Wow, what a dilemma, but it has happened to people before.
Since Glen Eagles is still selling, I do not think Lennar would like to buy it back.
I think it might be a good idea to see if they would help you in case someone walked in and wanted something Lennar could not deliver in a short time frame, then they might let the people call you.
You could rent it for a few years until they are finished building and then sell it.
I would rather sit down with you and discuss all the options and do some searching to see what you could sell it for.
Would Boeing be relocating you so that they would let you try to sell the house and then buy it from you and sell it under a relocation program.
There are lots of questions and I am not sure you have all the answers right now.
Please give me a call so we can figure something out for you.
Gerri Ross, GRI, ABR, CRS, REO
Long and Foster