Owning Two Homes

I'm assuming, first, that your house is multiple-listed for wide exposure on the market.

If you've been unable to sell for that much under the assessed value, you might make a good case for getting your assessment, and thus your property taxes, lowered.Anything you arranged by talking with the assessor might not take effect until next year, but it's worth discussing right now.Lower taxes could be a selling point.

A tax assessment is a skilled estimate of value, but nothing really matters except what the buying public says.You'll simply have to reduce your price until you find a level that attracts an offer.My advice is to bite the bullet and drop your price.

Trying to become landlords at this point in your lives is a poor idea.If you don't have any experience at it, you could easily get into trouble.When you later tried to sell, a house that's been rented out almost never looks as good as it did originally.And if you rented for more than three years, you'd lose the chance to use the homesellers income tax break.