Sell or rent my home with little equity

[Matthew Lewis]

Hello,

I am new to investing and have a question about my primary residence in fort worth TX. I moved to another state for a job. I have been trying to seel my phone but have not had much luck due to the market. I owe about $292,000 and asking for $305,000. My company will cover the realtor fees and closing costs due to a relocation package. My monthly payment is $2562 a month for mortageg, tax and insurance. If I rent it out I might can get $2100-2300. Do i continue to wait it out and try to sell or do i look to rent it out even though I won't cash flow on the home?

[Caleb Brown]

Quote from @Matthew Lewis:

Quote from @Caleb Brown:

I would sell. TX has been moving slower, it's not the red hot market compared to previous years. What is your agent telling you? Are the photos good? Is it priced right? 

The photos are good but we may be stilled priced high. Other homes have now dropped in price to under 300k. We are thinking of doing the same.

 I would price it where others are at. If it's high you won't sell or it'll take forever. If you rent then don't plan to sell while rented, it won't sell and that'll further complicate selling. Renting would be if you plan to hold for a few years but being negative $650 is not attractive. Be aggressive and get it sold.