Renting vs. Selling current property. Calculator??
Hi, I currently own my primary residence and bought for 272, 500. There is no note on it. I am looking at selling it vs. renting it in order to move my family into a bigger house. I have found a house for 405,000.00. What variables do I need to consider? What calculators would best help me make my decision.
Comps are great for both houses. My current neighborhood... house plan almost exactly like mine but with fireplace sold for 317,000.00 with less than 3 days on the market.
Neighborhood I am moving too, comps are 450k or more.
Rentals in my current neighborhood are 2k a month.
What are the pros/cons of renting vs. selling my current home.
What variables do I need to consider?
Thank you in advance.