My house was robbed yesterday. I own a condo in Seattle on the ground floor. They jimmied a 12”x12” window open to get in, and took everything that is irreplaceable, as thieves do. They left iPads and laptops but took my grandmother’s heirlooms.
I haven’t owned very long, but I feel like I can’t live here anymore. The property has appreciated, so I stand to clear about $50k by selling, but have the potential of making more by holding on to it.
While the market has calmed down a bit, I still won’t be able to afford to buy much else, even with a $50k downpayment. I have some debt I have been working through, but I’ll be limited in what I get approved for if it isn’t paid before I try to buy again.
Should I sell and use the proceeds to zero out all my debt and then save aggressively? Should I attempt to rent it out to cover the mortgage and move elsewhere?
What’s the best move I can make financially?
X-Posted
Submitted October 02, 2018 at 10:24AM by mpati3nt https://ift.tt/2NV1ehM
