Reply to Leaving area with no plans to return -- sell or rent house?

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[quote=Anonymous][quote=Anonymous]OP here.  It's a SFH.  That's the kicker here.  4 bd SFH 1 block from metro.  There is definitely value here.   I won't name which one.

And yes, 1 block from metro,  it's mostly rentals anyway.  Not like there is a great sense of community with stable owners.

I am undecided at this point.  Not having the 200K as a downpayment on the next house, means that I have to buy less house than what I'd prefer.  But willing to take that sacrifice if it means keeping the current as rental is long-term a better financial choice.[/quote]

I would say rent it for at least a 1-2 years and then re-evaluate the market if you still want to sell. There's no way that you won't be profiting nicely on a SFH within that distance to the metro. In the DC area, rental prices are only going up. I think the profit on renting will eventually outweigh your want to have extra house where you will live next. You can always move up to a better house in your new area if you re-evaluate and sell this house in a few years.[/quote]

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