[quote=FormerSanDiegan]What was your original reason for selling ?
What were you going to do with the proceeds.
The rent to price ratio seems to be pretty good for San Diego these days (assuming you can actually get 1750).
As far as “rental season”… while it’s true that you get more traffic in the spring/early summer, my experience in filling my rental house is that it doesn’t matter that much when you market it for rent, with the exception of November/December …
If your reasons for selling it are not valid with a lower price, and you are price-sensitive for your reason for selling, then I would continue to market it.[/quote]
I’m selling it for a couple of reasons:
1. I’ve had enough of being a landlord.
2. For the last 6 months I’ve been losing close to $200/month on the rental due to tax/escrow increases over the years. I had long term tenants and did not increase the rent.
My current/primary house needs work. I bought it fairly cheap during the housing crisis years.
My plan was to sell both properties and buy a house that doesn’t need improvements. I’m also considering buying a house closer to work.
I do have enough equity to lower the price – and yet I’m not desperate to sell (yet).
A house very close to mine but 300+ sq ft smaller just sold in 5 days for 330k. It was a single story though.
