Should You Rent Your House or Sell It?

Deciding whether to rent or sell your is a tough decision. If you’re ready to buy a new home or if you’ve inherited a home you need to weigh your options carefully. At MarketPro Homebuyers, we buy houses and we work with homeowners through this process on a daily basis.

This is why, we’re going to briefly explore both sides of this decision and provide some advice for homeowners considering either option.

Advantages of Selling Your Home

One advantage of selling your home is that it allows you to take advantage of any appreciation in property values that may have occurred since you bought it. When you sell your house, you can also free up some capital or use the proceeds to buy another property if desired. Additionally, when you sell your house, you no longer have responsibility for maintaining it—no more lawn work or paying for repairs! MarketPro buys houses and we can make a fast offer the moment you decide it’s time to sell.

Advantages of Renting Your Home
On the other hand, renting out your home can be a great way to generate a steady stream of income each month with minimal effort on your part. If done correctly, rental properties can provide income.

Disadvantages of Selling Your Home the Traditional Way
Selling your home does come with certain drawbacks as well. For starters, if property values have gone down since you purchased your home then selling it could mean taking a loss on the sale price. You will have to account for commissions and fees as well as prep your home for open houses. Finally, it can be difficult to find buyers who are willing and able to purchase the house if it needs any repairs or upgrades. If you aren’t familiar with MarketPro, we buy houses in any condition. From a leaky roof to dated materials, we buy them all!

Disadvantages of Renting Your Home
Renting out a property comes with its own set of challenges as well—namely finding reliable tenants who will pay their rent on time every month and provide proper upkeep of the property while they’re living there. Furthermore, landlords must abide by local laws and regulations when setting rental rates and making decisions about tenant applications which can add additional costs and hassle. Finally, should tenants decide not to renew their lease for whatever reason then landlords must go through the process of finding new tenants all over again which can be time consuming and expensive.

If you’re wondering whether you should rent or sell your house, take a look at the factors above. If any of them apply to you and your situation, then it might be time to consider selling your home. However, if none of these apply and you still want to sell quickly so that you can move on with life then we recommend contacting us today.

Work with MarketPro:

We buy houses and we’ll give you a fast cash offer for your current home just as it is now; no repairs, no upgrades, no inspection, no commissions or fees. You can even choose your exact closing date. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.

If you’re in Washington, D.C., Maryland, Virginia, Pennsylvania, or Tampa Florida we’d love to show you how easy and stress-free the sales process can be. Check out more MarketPro Homebuyers reviews here or contact us today for a same-day, no-pressure quote.

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