Asked by Tim@CrossRoad, 90720 • Mon Jul 28, 2008
I have been offerred a corporate relocation package with a "guarantee home sale", meaning they will buy my house if I am not able to sell it. It's a good thing in today's real estate market.
Fortunately for me, the market analysis came back showing that I am not upside down with my property and may even make a very slight profit. The property is brand new (less than 1 yr old) and it is in a desirable school district (Los Alamitos, CA).
I am struggling with sell vs. rent. My wife & I like the idea that we will come back to Southern California someday, and it would be nice to have a home to come back to. It looks like we maybe able to break even between the mortgage vs. rental income, or a small negative cash flow. The place we're moving to is a lower cost area and we will be able to buy a new house without having to sell this one.
What do you recommend?
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