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Updated almost 4 years ago,
Question about renting or selling in Bergen County NJ
Hi,
I'm planning to move to Florida due to a job change, and am not sure whether to rent out my current house in Bergen County or sell it outright. House is a side by side in Fort Lee, built in 2016, bought for 760k. I have the option of either selling it now, or rent it out and use the cash flow to pay my mortgage. I guess the source of my confusion is that I'm not sure how easy or difficult it is to rent a house in my area with a relatively high rent (upwards of 4k a month). Do properties in this rent range rent out relatively easily in Bergen county? Also, how much time on market should I plan for, because I will have to pay mortgage in two places for whatever time the house is on the market so need to plan accordingly. Any pointers much appreciated.
- Sam.