Have you been thinking about selling your Monterey County home but you’ve also been thinking about renting it out and you’re not sure which decision is the best one for you to make? If so, you’ve come to the right place!
It’s understandable that you’re unsure about if you should sell your home or rent it out because, the real estate market is picking up steam once again, mortgage interest rates are low, and demand for Real Estate remains high, especially in Monterey County.
The reality when it comes to selling your home vs. renting it out is that it’s a personal decision that you should make after examining all of the benefits that each option has to offer you.
In this article we will offer you information that will help you to make the decision if you should sell your home or rent it out.
Why Should Your Sell Your Home?
Selling your home right now is a smart decision for you to make especially if you need the cash from your current home to use towards buying your next property.
Now is a great time to sell your Monterey County home because the government has promised that there will not be any interest rate increases for the remainder of the year. It’’s also been rumored that rates could actually go down even further so if you sell your home right now you can have confidence that you’re making a smart decision by listing your home for sale in a market where there is a high demand for Real Estate.
Why Should You Rent Your Home?
Yes, it’s true that the natural decision that many homeowners make is to sell their homes, especially if they are getting older and no longer need the space that their home has to offer them.
Although this may describe what you’re going through right now, you may want to consider keeping your home because, there’s also never been a better time than right now to own rental properties in the Monterey County area.
Demand for rental property is at an all-time high in Monterey County and you can rent your property with confidence knowing that it will get a “premium rent” on a monthly basis that will cover your mortgage, property taxes and other expenses related to the property.
Contact 36 North Property Management
To learn more about if you sell your home or rent it out, or to speak with us about our Property Management Services, contact us today by calling (831) 484-4604 or click here to connect with us online.