It is one of the main questions many San Antonio homeowners face when deciding to leave their currently purchased home. “Should I sell or rent my house?” as well as “Should I sell or rent my parent’s house?”
We have gathered pros and cons for both, selling or renting, and provided further information to help you make the right real estate decision for your property as well as answered all questions you might have on renting or selling your house.
Here is the thing you need to consider when wanting to rent or sell a house – costs and profit. It’s what it always comes down to, doesn’t it? How much do you actually benefit if you decide to sell or rent your home? We’ve gathered all information possible from various professional real estate sites, including Trulia and Realtor and created a complete breakdown of your “should I sell or rent my house” question:
How much money are you willing to spend on current and future repairs? Remember – you are no longer in complete charge of what happens to the interior of your home – whatever happens, you will have to fix it in order to keep your tenants happy. Paying the exterminator expenses, fixing broken pipes, hiring a cleaner at the end of the tenant’s stay, heating repair,… In order to be a fantastic landlord and keep the tenants happy, make sure you consider how much you are willing to spend on property maintenance.
It’s best to be heavily involved in the process of renting the house to the right tenants. Do you accept party people? Students? People who prefer living there for a short-term? Dirty people? Are pets allowed? Is the tenant responsible? Are they able to afford the property? Will your neighbors be happy with their future neighbors? You will need to decide what type of person you want to be living in your property.
Renting the house means you will more than likely have to still be involved in the property, unless you hire a sales agent to do everything for you. You will be the one dealing with repairs, complaints, sudden disasters (knocking on wood nothing bad happens) and everything else in between. Your service will have to be incredible in order to keep your tenants from leaving and having to establish landlord-tenant relationships all over again. Are you ready?
You should probably know that selling a house in spring has much greater benefits than selling a house in winter when it comes to the real estate market. However, individually, the best option for you might be winter or autumn – unfortunately, there is no right answer to this question as it all depends on the true value of your house as well as your luck, and of course, your buyers. Always be prepared and don’t just wait for the right season to come as you might miss your chance. You are also able to sell your house for cash!
When selling a house, you need to make sure that everything works and note down what doesn’t. In order to raise value, you might even have to consider doing some renovations to impress potential buyers coming for viewings. As stated by Forbes, investors also offer to purchase a property “as is”, meaning you will not be responsible for paying the cost of any renovations or extra work on your home.
Tips for selling your home:
Make sure your online listings are just as exciting as seeing the house in person.
Make a video showcasing your home – show it from your own perspective, not just the real estate agent’s.
Up your value by putting some renovations in place – painting the facade is often a fantastic trick and makes the house more desirable.
Take your time.
So, have you made your choice? Here are first steps you now need to take, whether it’s selling or renting your home.
Instead, why not sell your home to Danny Buys Houses! When selling a San Antonio property, Danny can give you a hassle-free sale. All you need to do is fill out the form to get the process started. Danny is in the San Antonio area so he can make you a cash offer within 24 hours. In just a few days, you’ll be free of your house and able to move on with your life. You’ll have quick cash and can immediately begin prioritizing your financial goals. This is how to sell a house fast in San Antonio.
Another option is to sell your house to a house-buying company. This gives you the best of both worlds! You won’t have to worry about any repairs, you save on commission costs and you can receive a quote in just 24 hours.
Danny Buys Houses gives you a cash offer within one day and you can close it whenever you want. Your house can be sold in a week!
If you need to sell your San Antonio area house fast and would like to get a no-obligation cash offer, call us now at 210-610-2511. Whether you decide to sell your house to us or not, we would like to help answer questions you might have about the process.