I still don't get what you're trying to tell me about me not wanting to sell it for less than $99K since you seem to be advocating that I make this into an emotional decision. I do understand that I am choosing to purchase it if I don't take the offer.
The opposite.
You're making it emotional, by basing it on your purchase price + slight appreciation. What makes you think it's worth that, other than you'd like to make your money back and a slight return? That's emotional.
I'm advocating actually quantifying what it is worth, and then deciding if you would make the same purchase, because that's what you're choosing to do by not selling at that price.
Don't make me think any harder today! ;) I wouldn't need the house next door because I have this one, why would I need two unless I would rent one out?
Exactly. Your original post says something about how you'd rather turn it over to a property manager and rent it than sell it for that price. In the latest post you said:
I want to choose the best financial route for managing the property whether that be selling or renting.
So let's quantify it in real terms. If you could buy that exact same house, next door to yours, and rent it out, would you? Run the numbers. If so, it could make sense to keep it as a rental. If you wouldn't, then why would you consider doing it with the one you already own, other than the emotional not wanting to take a loss on it?
You're worried so much about it being a great price or not, but the way to truely evaluate an investment is to look at if you'd purchase it right now at that price, because that's what you're doing by not selling.
So, for example, let's say I buy a stock. The price drops a ton. Would I buy that stock now? If no, then why am I not selling? Better be a pretty compelling reason.
If you would buy that same house for 80k as a rental, good, then hold out for a higher offer and/or make yours a rental - because you're basically purchasing it for 80k by not selling it. If you wouldn't buy it at 90k, and you get an offer for 90k, take it (that's assuming you've negotiated it up as high as you can to that, obviously), even if you think it SHOULD be worth more. It likely shouldn't, if you can't get more. The market sets the price, and if you don't get higher offers and you wouldn't buy at that price, that's a good price point to sell at then.
It's a different way to think about it, but once you "get it," it helps a lot in making decisions.