All Forum Posts by: Sam Wise

Thanks @Alexander Szikla - I like Fort Lee a lot too. The pandemic makes everything a toss up since a lot of financial firms are moving down south, but also people from NYC are moving to NJ so it feels like the wheel of fortune is spinning and no one knows who's going to get the jackpot.

Thank you @Kevin Hill - so basically I should rent, but prepared to  pay mortgage in two places for 1-2 months. How did you get the NJMLS stats for rentals? I checked out njmls.com but that only shows for sales and not rentals.

Thanks again.

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.