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NC Home Buying / Selling / Renting

Howdy all! I’ve searched the sub and read through a few versions of this post, so I appreciate any insights on another one.

Our situation: - HHI like 210k - 2 kids (2 and 5) - Current house purchased in Feb 2020 for 230k and 3.75% - House would prob list at something like 325k - We are in a desirable zip code overall but days on market will be an issue for our property as we are on the corner of a neighborhood on a busy road - Mortgage is about $1475 and we have just under 200k on our loan

We want to move our family into a neighborhood and find a house that better suits our family as our kids grow. We are probably looking at around 500k. Hard to wrap our heads around giving up the low mortgage but we can afford it and think it would be a benefit to our family.

All of this said, we have tossed around keeping our house and renting it versus selling it. It would probably rent for somewhere around $2000, maybe a bit more, in our area. But not sure we want the risk and responsibility. I can’t figure out if we would be holding on to an asset or a liability.

Any food for thought on how to work through this decision is appreciated!

submitted by /u/ren3liz
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source https://www.reddit.com/r/RealEstate/comments/1orp8b0/nc_home_buying_selling_renting/
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