Did you sell your house before you moved?

atlast · #1 (**permalink**) 17th June 2007, 07:07 PM

Did you sell your house when you moved or did you rent it out? We debated and finally sold. Even if later we decide we want to return to the US, we'll be looking for a better climate. It was really hard though, because it was giving up that link to the past.

sling · #2 (**permalink**) 18th June 2007, 06:43 PM

That's one of the things I've decided not to do. I'm going to keep my condo and rent it out. It would be nice to have at least some of the money from the house sale, but I'm afraid I'd fritter too much of it away. I don't want to buy because I'm pretty sure I won't be in Singapore for more than a few years. If I can get there, that is.

roamer · #3 (**permalink**) 20th June 2007, 05:48 PM

How did you decide? I've been going back and forth on this, and I'm leaning toward renting my condo out. I'm afraid that even if I can save a lot of money working in the Middle East, I'll come back to find that prices have gone up so much that I won't be priced out of the market, or won't be able to get as nice a place.

tygwyn · #4 (**permalink**) 8th July 2007, 04:47 AM

We opted to rent our house out rather than to sell it - worse decision we've ever made. Our tenant decided to stop paying, when he finally left the place was a tip and cost a fortune to get ready for the next tenant, and now its vacant! 14 months down the line we're considering selling - its been added stress that we just dont need.

easylife · #5 (**permalink**) 15th July 2007, 05:32 PM

Ouch. I was renting when I left before. Now I have a small house and was thinking about renting. I've had it for a while, so rents have gone up enough to cover the mortgage, management fees, and to set aside money for repairs. I hadn't thought about it standing empty while I continued to pay on it, though. I was just thinking about how much more it would be worth if I kept it for a few more years.

tygwyn · #6 (**permalink**) 15th July 2007, 10:31 PM

Quote:

Originally Posted by easylife

I hadn't thought about it standing empty while I continued to pay on it, though. I was just thinking about how much more it would be worth if I kept it for a few more years.

Yep......for some reason we hadnt thought about what we would do when it was empty for any period of time! We live and learn!

easylife · #7 (**permalink**) 17th July 2007, 06:30 PM

Did you have a property management company or did you rent it out yourself?

oddball · #8 (**permalink**) 5th August 2007, 07:19 AM

Not a hard choice for me , my son lost the property to the buisiness tax man , how can a successful buisiness lose so much money , just be a playboy
WWWWAAAAAAaaaaaa

Big Pete · #9 (**permalink**) 8th August 2007, 10:37 PM

Quote:

Originally Posted by oddball

Not a hard choice for me , my son lost the property to the buisiness tax man , how can a successful buisiness lose so much money , just be a playboy
WWWWAAAAAAaaaaaa

coldnorth · #10 (**permalink**) 14th August 2007, 01:08 AM

I never owned a house in my life. If I did, I think I would try to just rent it out, because I wouldn't want to give up the investment.