Sell or rent home in Dublin.
Is it wise to sell sfh in Dublin and buy a town home in Sunnyvale?? Or should I rent Dublin home. I haven’t seen significant appreciation in Dublin for the last one year. There is lot of new construction for the current value of my home.
I bought it for 892k with 50 k upgrade. And sale price is 1.1 mil
Bought it in 2015
Its hard to say if you will get 1.1m in Dublin when you bought at 900k in 2015. On top of that you spent 50k on upgrade. On other hand, if you would have done that in Fremont, your house would certainly be more than 1.2m or even 1.5m+ considering recent spike. Rated haven’t gone up in Dublin from 2015. You still see houses getting sold around 800k in Dublin which was market rate of 2015. You won’t find anything for 800 in Fremont, or even Pleasanton. Forget Milpitas,Santa Clara
Right I won’t make any profit, but at least I get my money back (interest + initial down). I already bought in Sunnyvale as I accrued down in the past 3 years.
I mean it’s pretty fucking cool to have a house in Dublin. If I could afford it I would own a home in both. Can you have some manage the property and rent it out or air bnb it for you?
Why would you do that ? As I see lot of new construction. Except school district I won’t see any other reason why the properties would appreciate in long term.
I can run comps for you to see what price range you can possibly sell it.. talk to a REI or an agent to see what your options are.
Found the realtor and their bullshit 3% commission.
🍆
Sell sell sell
Rent out your Dublin home and rent wherever you want. 1) Your sales cost can be 5 to 6 percent of the sales price. 2) You might end up moving around because you found a different job and or want, no longer need, the school. 3) You likely has lower property tax due to prop 13 and mortgage interest deduction is grand fathered in. 4) Other prop 13 landlord of old may rent it out at lower cost than you can ever get in mortgage interest plus property tax.
I am sure I will do this for Sunnyvale as there is more chance for occupancy
Don't sell your home in Dublin. When Trump is done with the USA you'll be dying to go back. Rent your home in Dublin, and rent a place in Sunnyvale. Don't stay in this shit hole country!
How much is the gain ??