Quote:
Originally Posted by SukiChu
We close on our Fernandina home in mid-September. We do not have our house here in Illinois listed with a realtor yet but have an appointment on 8/4. We have been approached to lease our home here to a very nice couple (with secure jobs). Since we have never leased before - or rented - our home, we are a bit leary since we will be so far away. Houses are not moving much here, and I think we should jump at the chance to lease. Husband feels a little differently. Doing so would enable us to move to The Villages a little sooner. Any advice from the experts out there (that is all of you...!)?
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This may not be a popular answer but it is a sensible and smart one if you value your older home in Illinois to any degree..........
I would lease it for one year at a time, to begin with.
You would always have it to return to.............
Our adult children had to rent out three of their homes and it all worked out well (while they are in other newly purchased homes).......
For ourselves, we SOLD two homes (in different decades) in the same neighborhood..........same town we returned to after renting a home on Florida's East Coast for one year.........and purchasing a beach front condo on the Gulf Coast........both times, we returned to our same old neighborhood, buying two more houses...........wishing we had NOT sold our other homes.
In both of the homes we sold, we had added on additions, great rooms, high end features, that we wish we had back, inground olympic sized pools.......then bought again in same neighborhood which always drew us back like a magnet......so if you LOVED your neighborhood but are just craving a nice retirement spot, do not sell it immediately.........before you wish you could return.
You may never want to return. We were a lot YOUNGER back then.......it's different when you are older and cannot tolerate the cold, snow, damp any longer.
BEST WISHES for a good outcome. Nothing is selling in Vermont either.