When homeowners suddenly have to relocate, they face the dilemma of whether to sell their home or keep it as an investment property. The recent nationwide drop in housing values complicates the decision.
Homeowners should weigh several factors before deciding whether to sell now or rent and wait for the market to recover, experts say.
“Relocating homeowners need to shift their thinking and recognize that the property is no longer their home; it is an investment,” says Joseph Himali, principal broker of Best Address Real Estate in Washington, D.C. “The decision to sell or rent should depend on whether keeping the home is the best use of their investment dollars.”
If you are trying to make the decision to sell or rent your home and you need information regarding the current Ventura Real Estate Market, the current value of your home or a net sheet, we would be happy to assist you with that. Give us a call and we will help you evaluate your specific situation.
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