Advice Topics
- Buying (208)
- Selling (216)
- Renting (41)
- Market News & Trends (12)
- Finance & Legal Info (97)
- Tips & Advice (98)
- Working With an Agent (54)
- Marketing (4)
- Investing (16)
- Affordable Housing (19)
- Green Housing (2)
- Schools (1)
- Remodeling (32)
- International Real Estate (8)
- Terms & Definitions (27)
- Home Loans (16)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
We have a 500k home and low mortgage Do we sell or rent?
We have a $500k home with a 2.75% mortgage. We don't like the neighborhood, though, and we want to move. Our family is growing and we prefer a family friendly area but it seems like a bad idea to sell when mortgage rates are so high. Should we try to rent?
Asked By Melanie | Irwin, PA | 599 views | Selling | Updated 1 year ago
Answer(2)
Marty & Abby Champagne
RE/MAX Market Place
I would sell it. Reason I say that...if you do not like the neighborhood what if it gets worse? The value of your home could go down.
- 1 year ago
Helpful (0)
Unhelpful (0)
Kasha Kramer
LPT Realty
You can always try to rent first and if that does not work out you can still sell. The question that determines if it is a good idea to sell will depend on the current equity of your home, the more equity you have the more money you will have in your pocket after you sell that you can use towards the new home.
- 1 year ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
How can I get the most money from selling my house?
How can I get the most money from selling my house?
- Asked by Ronda N.
- 2323 views
- Selling
- Updated 4 weeks ago
-
How should I prepare my house before selling it?
- Asked by Mike M.
- 1621 views
- Selling
- Updated 4 weeks ago