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4
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3
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Karen Collins
3
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4
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Would our personal home be marketable?

Karen Collins
Posted

My husband is retiring & we are moving to another state early 2023. We would like to sell our 3-yr-old home to an investor since rentals are common in our subdivision. The house next door is exact same model as ours & the upstairs rents for $1,600/mo + $200 utilities, & the downstairs for $1,300/mo + $200 utilities (it sold 6 mos. ago for $357k). Only difference in our home is that our basement is unfinished (Zillow values it at $330,900). We would like to rent from the buyer for 4-5 months--or as long as it takes for our new home to be move-in ready, at the same mortgage we pay now: $1,120. We think this benefits the investor, since a new renter is not needed immediately. Do you think this would work, and how could we locate an interested investor? (prefer just working with a law firm for the paperwork, bypassing a realtor)

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