Our first home together.

By
Real Estate Agent with Berkshire Hathaway HomeServices Hodrick Realty RS331365

Over the weekend my wife and I went to do some work on a condo that we own in Leesburg Va. It is a relately small space that we used to call home. It was just the 2 of us to begin with. Then we thought getting a dog was a good idea.  Our "baby" only chewed the chair and safety gate. 

Then we had our first child. The 4 of us lived happily shortly after.  We closed on our single family home on the day our son turned a year old.  We have been renting this space since we left Va 9 years ago.

There is a quandy now. Do we try to keep renting this space or try and sell?  It is 3 hours away and can be a challenge to deal with. 

Prices are headed north once again and this might be a good time to part ways with this unit.  Still mulling things over. 

 

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Mimi Foster
FALCON PROPERTY SOLUTIONS - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Great question, Kevin! I certainly can't tell you what to do, but my personal opinion is that this is such a hot market, and it's a challenge to take care of, and it's far away, I would sell it, make some money, and get on with your life. You can probably find a Realtor to list it  Best of luck!!!

Apr 25, 2016 01:47 AM #1
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

If you can make some profit and take a load off your back, it may be a good time.  That said, if the rents are good, as is the upside, why not check with a local that can help take care of it for you while you're up in PA?

Apr 26, 2016 11:20 AM #2
Rainmaker
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Monica Hill
RE/Max Associates - Wilmington, DE
the REALTOR to help you discover Delaware

I would check into someone to manage it for you who's local to the property. Then do the math... cost of management, taxes, upkeep, etc., and see if the return is better to hold it or to sell it. Might be good to sell and reinvest in a rental property close to home.

May 02, 2016 03:33 AM #3
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Kevin. I'm sure when the time is right, you will make the right decision for you and your family.

May 06, 2016 12:12 AM #4
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kevin, thinking if the prices are increasing nicely, find a property manager and keep it for a few more years.   You can take advantage of a higher price down the road.

May 08, 2016 10:35 PM #5
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Rainer
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Kevin Morris

Real Estate agent serving danville and surrounding
Why sell real estate?
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