For homeowners across the United States who need to sell their homes the question arises, should I sell or rent? There is no doubt about it, many sellers are in a tough position and they need to sell their real estate. Home prices in most areas are far from their peak prices and selling at a loss, or a significant step down from what could have been a large profit, is discouraging to say the least.

To avoid losing money many homeowners are leaning toward renting their homes when they stay on the market for a given time period. The rental option is chosen as an alternative to dropping the price.

The flip side of keeping a home and renting it is the costs involved. Are you prepared to fix problems that arise with the property? How long are you prepared to hold on to the property? There is no guarantee that home prices will increase any time soon, and you may end up holding on to the property for much longer than expected.

There are many things to think about when deciding whether to sell or rent a piece of real estate. Click here to read a recent article on the subject from Smart Money Magazine.

 

Contributed by Mario Romero, CRS, CDPE, CLHMS
602-252-4191 office, 602-254-9810 fax
The Romero Team - Melcher Agency
www.TheRomeroTeam.com
www.ShortSaleTeamAz.com
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