Does it make sense to rent instead of sell?

By
Real Estate Agent with Atlanta Communities 303302

You just moved out of state and left your home that needs to be sold. Unfortunately you did not have time or the money to get it into pristine shape. It needs a bit of this and a little of that, but who has the time?

If you find yourself in this position, you might want to consider renting your home. If you can cover the carrying costs of the home, this includes mortgage payments, taxes, HOA fees and a management company to look after your home, you might do well to rent.

By renting your home, you will gain time to get settled in your new home and save up for work that might need to be done on your old home. You may also find that you like the extra income from the rental as well.

So, just because you left your old home in need of a little paint, this does not necessarily mean you have to sell at a discount. Consider renting for a year or two and then fix the home up for sale.

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage

 

Ph. 770.713.1545

www.denboerhomes.com

 

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Sybil Campbell 07/21/2015 06:31 AM
Topic:
Real Estate Market Trends
Location:
Georgia Cherokee County
Groups:
Active Rain Newbies
Realtors®
Out Of The Box!
Almost Anything Goes
Diary of a Realtor
Tags:
selling
rentals
peter den boer
den boer homes

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Rainmaker
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Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

I know plenty of people that do this. Arizona is a place where a lot of folks relocate to and they leave their homes behind in another state. As a matter of fact I'm working with a buyer right now from Michigan in this exact situation. 

Jul 21, 2015 01:20 AM #1
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Rainmaker
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Peter den Boer

MBA,GRI, Associate Broker, Realtor
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