If you must leave your home because of a job transfer or other extenuating circumstance, renting is an excellent option as you wait for the market to regain some heat. If you don't have the time or the talent it takes to be a good landlord, contact a reputable company that specializes in screening applicants and managing properties.
Rather than letting your home sit on the market with a flood of other houses; and if you do not have the margin to list below the current average, renting your home may help you to at least break even with your mortgage payment until the market starts to pick up or until a better selling season. If you are located in an area near a school or university, such as near ASU in Tempe or a community college in Mesa, Phoenix, etc., you may be able to rent your house rather easily. Using a good property management company can also help to find potential renters moving into the area from out of state .
While this may not sound like the easiest or best option for you, during a down market, it may help save some money in the long run and can even provide extra income in some situations:)
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