I own a 2 bed 1 bath single family home with a fenced yard in a downtown area in maryland worth about 300k. I owe ~175k on the mortgage, and my interest rate is 2.75%. My mortgage, including everything, is 1380/month, and it is currently rented for 2800/month, but I’m unsure if i’ll be able to get that much again. The job market sucks and people are feeling the pain right now. The lease ends in june and the current tenant is moving out. I’m wondering if I should sell it and invest the money or put it towards my primary mortgage (6.5%) or keep it and deal with the work. I’m new to this (I started renting last year) and am a bit overwhelmed with having to do this process again. submitted by /u/Unlucky-Ad-5744 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sy955n/keep_or_sell/
Hi all, My husband inherited a 1.5 acre lot from his parents and we don't have the time or interest in fixing it up. We contacted an agent and we signed all the documents, including Texas Realtors form 'Residential Real Estate Listing Agreement Exclusive Right to Sell'. The week we did this, we told the agent to give us 2 days to get to the property so we could mow it and leave her the keys so she could bring a key box and get the photographer out. We had this done on April 12th. Since then, our agent hasn't even stepped foot or seen the property in person, has not brought a lock box or a for sale sign, and there has also been no pictures taken. We are frustrated because we just want to get the show on the road and she doesn't seem motivated or tells us she will try to make it out and doesn't. The contract we signed with her stated the listing date began on April 11th and ends October 31st, but as of this moment, there have been no pictures, no drafting of t...