02/01/2024
Sell or Rent? Sell or Rent? Sell or Rent?
Feel like you’re going round and round 😵💫 and can’t decide?
Good ✅ news 🗞!
➡️ I’m here to help with a handy, dandy pro-con list.
First up?
✅ RENTING PROS:
• You will quickly adore that monthly cash flow that more than covers your property’s mortgage payment.
• In just a few short years, you’ll build up some nice equity (on average 3-5%), especially if property values in your area increase.
•Investing in real estate can be one piece of a plan for building wealth.
• Purchase one property and soon you can use that equity to purchase your next. Warning - it can be addicting!
❌ RENTING CONS:
• Being a landlord is a lot of work and quite frankly, a pain. (Hiring an experienced property manager can help.)
• Remember that monthly cash flow? It can be incredibly unpredictable if you have vacancies, difficult tenants, or extensive repairs.
• Depending on your financial situation, renting your home might limit your ability to secure a mortgage elsewhere.
Next?
✅ SELLING PROS:
• In our current seller’s market, you can expect to receive offers at or above your asking price. Then, you can turn and use those funds to make a hefty down payment on your next home.
• Selling means you get to leave the landlord hat sitting on the table. And if life already feels full, that’s exactly where it should stay.
❌ SELLING CONS:
• If your future plans are unsure or you might return to the area, selling now may be premature.
• Selling may also require extensive updates you may not be ready to fork over the cash for. Then again, those same repairs might be necessary to attract top renters.
👉🏻 The best way to know for sure what’s right for you is to sit down with an agent 👩🏼💼 who can run the numbers 🔢 for both scenarios.
👉🏻 More times than not, the numbers 🔢 speak!
Let me know if you’re ready to take that step 🦶🏻 .
I’d love 💕 to help!
While you think this all over!
Tag a friend you’d love to hang out with on this patio!! 🥰