for sale or for rent?

[Michael Beninati]

A friend owns a house in the Wilmington, NC area about 3 miles from the beach. He would like to sell but had some good, low management tenants in there so he was fine with that. They informed him they would be moving out however. He asked if I felt that putting the home up for rent AND for sale at the same time would make them look more motivated/desparate as sellers. I told him that I feel it would not because it shows people that they are not in a situation where the house MUST be sold, and therefore have the luxury of renting or selling if the price is right. I havent seen it but it sounds like a nice neighborhood with the sale price being in the 425,000 range. Just hoping to get some other viewpoints to pass on.