Saturday, June 9, 2007

Our House in Michigan - Rented!

We actually got some good news today!  After sitting on our house for the past year after our move out to Colorado, we've finally found a renter that is going to pay full price!  After one bad experience with a renter paying not even a third of market rent, and then having another friend in the house for the past six months at a very discounted rate, it will be nice to not have to worry about covering the mortgage payment!  The greatest thing is that she's even willing to pay 6 months up front and sign a year lease.  I'm so happy that we don't have to worry about the house for a year. 
We did consider placing the home up for sale for the summer, but after realizing that the market has only gotten worse since we've left, it would have cost us about $20k to list it at a competitive price.  We decided that renting was the way to go for a few years and that hopefully the market will pick up at some point in time. 
The girl that is renting it seams very nice and I'm hoping that everything works out well.  I guess that only time will tell, but at least I have a good feeling about it. 

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