-
I live across the country
-
I have no friends or family to check on it
-
I am currently signed with a realtor to sell it
-
it's been listed for a month with only one off that pulled out
-
I'm underwater with the mortgage and HELOC
-
the rent I would get would just cover the mortgage payment with no wiggle room (most likely)
-
I don't have a property management company and not sure if I can talk to one while signed with a real estate selling agent
-
there is currently a leak into the mudroom and I cannot afford to get it fixed because I'm also paying rent where I currently live
-
I'm so overwhelmed and panicking every day
Should I rent out my house and treat it as an investment property? Or sell for a loss?
byu/lovelyplu inRealEstate
Posted by lovelyplu
5 Comments
Drop the price and sell.
You can have your agent list it for sale and for rent at the same time.
But why rent and bleed slowly.
See if you can do a short sale. You need to call the bank and talk to them about your options.
If you have a financial hardship such as a job transfer, consult with your loss mitigation dept of the bank that holds the loan about starting a short sale.
Your agent should walk you through this.
Sounds like you may not and be able afford to go across country to check on the home given your financial situation.
It would probably be in your best interest to sell it. If you get squatters in there, that is a whole other problem.
The real estate agent’s firm that you’re using to sell the property most likely property management. Many do, but the agent may be wanting to make the sale and quietly disregard mentioning they do property management.
Property manager. This is common