Are you yawning yet? I am.
In fact, it's all we've been talking about lately (insert more yawns here), but unfortunately, that's all we've been doing...talking. It's kind of an overwhelming thought, so I think we've kind of been putting off pulling the trigger. PLUS, it's probably the third worst time in the 20th/21st century to try and sell a house, so that also causes a bit of indigestion around here.
As it stands, we have but two options.
1) Rent the house out until the market gets better so we don't lose money.
2) Sell the house realizing that we will probably only break even, if not lose money.
1) People, my people, we DO NOT want to have any type of real estate to manage from another country. Are you kidding me? Among all the other tasks and responsibilities, and new life changes we will be going through, the last thing we need is a property with tenants emailing and calling us every month asking us to fix something or refund something, or hold their latest payment another 10 days, or whatever. No thank you. PLUS, I have this sneaky feeling that the economy is not going to get any better any time soon. The amount of money we would be losing every month on the rent plus fees to a property manager, (unless the economy takes a major upturn int he next 2 years), is just going to come out to be the same amount of money lost if we sold the thing right now. Are you with me here? Is this making sense? It makes sense to me.
2) Well, selling the house (heck, even renting the house for that matter) comes with a lot of preparation and planning. Duh. I know you know this, but please, I'm just workin' it out here, bear with me. We have to find a realtor, we have to fix up the house, we have to decide on a price, and we have to be willing to negotiate and not get ticked that the buyers don't agree that our archaic microwave is a "vintage original" and instead call it a piece of junk. How dare they! The list of tasks to be done before March 1st (the *very* unofficial listing date) is longer and more complex than my Stuff Board, and we haven't done a single thing on it. If you've ever sold a house you will know why...