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Updated over 8 years ago,
Should I sell or rent my home ?
Hello, I've lived in my house for 7 years, I am moving no matter what, I can either sell, or rent, not sure what makes sense ?
I owe $147,000
Zillow says its worth $175,000 I think more like $155,000 - $165000
House payment with insurance and taxes $1200
possible rent ? $1200 - $1500
If I sell, after paying selling fees, closing costs, down payment on next house, how much will I really make ? $0 ? that's the bad part, I then feel like I just wasted 7 years being a "homeowner" I might as well just rented for 7 years
Renting, I really like the idea of renting this house forever, once its paid off, it will be a $150,000 assett to sell , or a cash cow giving me income every month ...
either way I am moving farther up north, away from the cities, the question is how, by selling or renting ?