Should I Sell or Rent My House? Here’s How to Decide

Key takeaways Selling your house may be the right option if you need the proceeds to purchase your next home or you plan to move permanently. Renting out your house may be the right option if you plan to live in your home again, have a low mortgage rate, or want to generate rental income. Your local housing and rental markets, financial situation, and long-term goals are major factors in deciding whether to sell or rent out your house. Deciding whether to sell or rent out your house can be complicated in today’s housing market. There are now 58% more sellers than buyers nationwide, the largest gap in Redfin records. With more homes competing for fewer buyers, sellers may need to be more flexible on price or wait longer for the right offer, making renting worth considering for some homeowners. The right choice depends on your local housing market conditions, your financial situation, and whether or not you want to take on the responsibilities of a landlord. In this Redfin article, we’ll outline what to know when deciding between renting or selling your house. 5 key questions to ask when deciding to rent or sell your home If you’re considering renting or selling your home, here are s...