Feb 7, 2011

Should You Rent Out Your Home or Sell It?

In most cases, moving means selling one's home. After all, it's usually a necessary step in affording a new home.

But for various reasons some people choose to rent out their homes instead. In some instances, people know that they'll be leaving only for a year or two. Sometimes the would-be seller simply can't sell at a price deemed acceptable, so she chooses to hang on until the market picks up. Or if property values are rising, an owner may want to wait to be able to ask for a higher price later.

Whatever the reason, it's important to have a healthy grasp of the financial issues at play when weighing this decision.

Read full story at
smartmoney.com

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