Is it better to rent your home or to sell it?
1,114I bought my home in July of 2013 and am now looking to move. Would it be better to sell or rent at this point?
4 answer(s)
About 7 years ago
Hi Amanda,
That is a question I get a lot. As an owner of a property management company, when I go to listing appointments, the question we spent the most time discussing is: 'shall I rent it out or sell it'. This will depends a lot on your personal Financial situation and long term financial goals. If you have enough cash reserves to withstand some downtime in the rental then it probably makes sense to rent it out. If you need capital now for other expenses than you likely need to sell.
Feel free to reach out for a more in depth personal consultation.
francois@cozy-homes.com
That is a question I get a lot. As an owner of a property management company, when I go to listing appointments, the question we spent the most time discussing is: 'shall I rent it out or sell it'. This will depends a lot on your personal Financial situation and long term financial goals. If you have enough cash reserves to withstand some downtime in the rental then it probably makes sense to rent it out. If you need capital now for other expenses than you likely need to sell.
Feel free to reach out for a more in depth personal consultation.
francois@cozy-homes.com
Like (3)
DislikeAbout 8 years ago
Good morning Amanda,
It depends on what the rental rates are looking like in your neighborhood. If the rental rates are at least $200-$300 more than what your are currently paying monthly for your mortgage, insurance, taxes, HOA fees etc, then I would recommend that you keep your home and rent it out.
Hope this helps!
Cassandra Vickers MBA, MCNE
RE/MAX Prestige | 832-298-9062
It depends on what the rental rates are looking like in your neighborhood. If the rental rates are at least $200-$300 more than what your are currently paying monthly for your mortgage, insurance, taxes, HOA fees etc, then I would recommend that you keep your home and rent it out.
Hope this helps!
Cassandra Vickers MBA, MCNE
RE/MAX Prestige | 832-298-9062
About 8 years ago
It really depends on the market area, the home, and many other factors. Find a Realtor® in your area who can offer you a comparative market analysis. Weigh the pros and cons on paper for both options. Understand the current market. Your best source for this would be a Realtor®. You may even get two or three agents to weigh in on your current circumstances to come to an educated decision. Good Luck!
About 8 years ago
The Houston market is booming right now so selling may be a good option. It depends on several factors such as equity and whether the market is growing or leveled off in your area. I would love to discuss this further with you in more detail. We can go over the pros and cons of both selling and leasing your home.
Kelly Jackson
REMAX Southwest
281-207-5068
kelbj25@gmail.com
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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