Stern Market Minute: Should You Sell or Keep As A Rental?
Channel: The Stern Team | KW Salt Lake City Real Estate
Date: 2023-02-16

Welcome to the Stern Market Minute! In today's episode, we'll be exploring one of the biggest questions property owners face: should you sell or keep your home as a rental? It's understandable that making such a major financial decision can be difficult. Fortunately, we're here to help guide you through the decision-making process.

Let's first consider the benefits of selling your home. For starters, selling means that you'll receive a lump sum of money which can be used towards other investments or expenses. Additionally, if the real estate market is doing well and you've received a great offer, this can be an excellent opportunity to maximize profits. On the other hand, choosing to rent out your property presents several benefits of its own. Renting provides a steady stream of passive income, while simultaneously increasing the value of your property over time. Furthermore, if you ever decide to sell in the future, your home may be worth more due to both the appreciation and additional rental income.

So, what's the best option for you? It ultimately depends on your specific situation, such as your financial goals, lifestyle, and the current state of the market. In order to make an informed decision, be sure to do your research and seek advice from professionals in the industry. Thank you for tuning in to the Stern Market Minute, we hope to see you again soon.

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