To rent out or to sell?

[Christian Carle]

Lots of things...

My wife just got a promotion that will relocate us from Pensacola to Nashville. We are super excited. Especially to become a part of the Nashville market.

However...

We just bought our first home in Pensacola not even a year ago (April 2018). We are looking to move this coming May.

We used an FHA of course and we do not have a lot in it. We would be lucky to break even if we sell.

Now that the Coronavirus spreading like crazy we would be lucky to sell at all right?

Our potential agent suggests that we wait to list at the beginning of April. Which I totally get. Our home is brand new (2016). We love it and has absolutely zero issues. Brand new subdivision in south Cantonment area.

We have contemplated keeping the house and renting it out. Of course we would not be close to the home. Additionally renting in Nash to buy us some time to sell the home here in Cantonment.

Any thoughts or suggestions for a situation like this. What would you do?

Thank you for your time!