We will be moving to Singapore this summer and not sure what to do with our house.

Asked by sender4, Middletown, OH Thu Apr 4, 2013

We will be moving to Singapore this summer and not sure what to do with our house. We have a three bedroom one bath ranch and the mortgage is roughly 40,000. We are confused on renting it or selling it! We would use a management company if we rent it and can rent it for about 1200 a month. But we are not sure if there are alot if issues renting. As we could just sell and walk away with about 130,000 for a new home when w come back>

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Edith Karoline Jasser’s answer
Edith Karoli…, Agent, Winnetka, IL
Fri Apr 5, 2013
You know this is a difficult situation, it is your home and it is furnished correct, would you rent it furnished or vacant, with a low mortgage outstanding and depending how long you intend to stay in Singapore,
you have to decide depending on those facts. Would you be back in a year, then may be you want to rent
and have a home once your return, if you think you will be in Singapore several years, may be selling
is better.
And then there is rent now decide later, however make sure you do connect with a good experienced
Realtor near your home, discuss your situation, have the Realtor look at your home, determine its
true current value for sale, and what you could potentially lease it for, but remember you may not find
a good renter right away, and if the renter signs a one year lease, after a year they may not want to
stay and move on and your home could be vacant for a while until you find another renter. It just all
depends on the home's location, and your actual plans and the financial side of both. Make sure to
sit together with a good Realtor and discuss all your options and then decide and use this Realtor to
proceed.... with your plans.
If you need a recommendation for a Realtor in Middletown OH, let me know I gladly send one your
Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties ---- EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
0 votes
Kathy Adkins, Agent, West Chester, OH
Thu Apr 4, 2013
Some questions you may want to consider before deciding are:

How long will you be in Singapore?
How much notice will you be able to give tenants when you need to return?
Will you be using a relocation company?

A good property management company should take care of most of the issues of renting and you should find out up front what services they provide and the cost.

Whatever you decide I would be happy to help you with that, whether it be referring some property management companies or listing your home for sale.
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