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Real Estate
Reply to "Why do people sell their houses?"
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[quote=Anonymous]There are a lot of carrying costs. We downsized fairly recently and have rented out our other house for the last two years. DH is very handy, and that helps a great deal. We lucked out and got a great tenant who renewed, but that tenant just bought a house and is leaving. Getting a nightmare tenant is a real risk, even though you can minimize the chances of it. And even with a good tenant you have to be available and ready to handle problems with the property (like the AC dying in hot weather, ugh) and that can be a PITA. We are selling this spring -- we know we eventually would, and the true bottom line is that we want to sell now in order to avoid that tax hit, there is a lot of appreciation in the house. [/quote]
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