HomeAdviceSellingWe have a 500k home and low mortgage Do we sell or rent?
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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| 02-29-2024| 748 views|Selling|Updated 2 years ago

Answers (3)

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Kevin Neely

Keller Williams Realty Elite Partners · Spring Hill, FL

(77 reviews)
This is a common question among Florida buyers and sellers, and the answer depends on your specific situation and local market conditions. Understanding the fundamentals before making any decisions protects your investment and your timeline. In Brooksville, Hernando County, Florida, the real estate landscape has its own characteristics that affect how this plays out in practice. The Hernando County market attracts a diverse buyer pool including relocators from higher-cost states, retirees, and local move-up buyers, which creates consistent demand across most price points and property types. The strategic approach is to work with a local agent who can pull current comparable sales data and walk you through the specific factors that apply to your situation in Florida. Every market is different at the neighborhood level, and decisions based on general advice or national headlines often miss the local nuances that matter most to your outcome. Making informed decisions based on local data is always the strongest position. Kevin Neely & Kaitlynd Robbins | K2 Sells, Keller Williams Elite Partners
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04-15-2026 (3 weeks ago)··
Marty & Abby ChampagneSemi-Pro83 Answers
Marty & Abby Champagne

RE/MAX Market Place · Oak Creek, WI

(58 reviews)
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.
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03-22-2024 (2 years ago)··
Kasha KramerNovice1 Answer
Kasha Kramer

LPT Realty · Lake Mary, FL

(43 reviews)
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.
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03-18-2024 (2 years ago)··
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