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Updated over 4 years ago,

User Stats

182
Posts
45
Votes
Arta Montero
45
Votes |
182
Posts

Keep or Sell Current House

Arta Montero
Posted

I purchase an 1800 square ft and 4 bedroom for about 450k one year ago. Main reason we focused on this area is the schools. Three days after we purchased they announced middle school boundary change and the new middle school will have a much lower rating.

I could now sell this house and hoping break even after the realtor fees. Interest rate is 3% and we had only put 10% down.

Should I sell and purchase another home on the school boundary I intended to be or should I rent this one and purchase another one in the school boundary I wanted or is there any other better option given that I haven’t built much capital and this house will more likely not cash flow.

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