Lease it if you can't sell it (for Austin,Tx.)

(This is a repeat)If you have had your home on the market and it is not selling consider leasing it. Live to sell another day. In Austin the leasing market is about as opposite of a market as you get from sales. Full price (maybe over list price at times), short days on the market (less than 25) and good candidates describe the leasing market. Nothing wrong with adding a property to an investment portfolio. The lease agreements will cover numerous aspects like; pets-guests who visit & number of days allowed for them to stay-number of cars-smoking/no smoking-yard care-repairs-access-renters insurance. If buying another home is important then talk with a great lender to see if you can qualify without selling. My market area (Austin Metro) is experiencing a high volume of newcomers and the leasing market is very busy. If your currently a seller who is frustrated with over 150 days of being on the market consider the "leasing option". It provides one more option along with price reductions, repairs or upgrades when selling.