bird in the hand? which is the better bird!?!
We have potentially two offers to contemplate for our house that has been on the market since February in SE Michigan. Suggestions, opinions, experiences?
Lease with option to purchase: young couple who really like the house but are working on their credit score for FHA loan. Think they can get it together in six months, but will lease for a year. Their current rental is $700 which will not cover my expenses. Will suggest $800 plus $100 toward down payment, expect decent option deposit also.
Straight rental: take house off the market for transferring couple looking to rent but I suppose if they like the area/house it's possible they could buy. Think I could ask at least $950 from them based on other rentals in area. Pay off some more of the mortgage and then think about putting back on the market.
More money to likely from rental to cover current expenses, but ugg I want to sell this house and don't really want to be a landlord to anyone! What do you think?