It's easy for a buyer to claim his home is worth more than it is....and, just because there are flyers in the neighborhood that say they want $X for the rent doesn't mean that's what they're getting. Tax values aren't always the best way to guage value either as a lot of new areas are overvalued to start. Best rule of thumb is to make friends with a local agent and have her print the solds in the subdivision to make sure you have at least 10% equity (if not using an agent to resell/lease), 20% equity if using an agent as we charge 6% minimum and offer deals to sellers to attract them out of your equity (warranty, survey, title, gift funds for down payment). Keep selling!

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