Moving to a new home doesn’t always mean selling the old one. Homeowners could choose to keep it as a rental property. How to decide between selling a home vs. renting it out will be different for everyone. It boils down to three main topics: the homeowner’s goals, their financial situation, and whether or not they are “cut out” to be a landlord.

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After the real estate bubble burst in 2008, it seemed like foreclosed houses could be found in almost every neighborhood across the country. The number of foreclosed homes reached an all-time high in 2010 but has steadily decreased each year since. Nevertheless, as long as there have been mortgages, there have been people unable to pay them. Buyers can get a bargain buying a foreclosed home. But if they’re not cautious, they can get more than they bargained for.

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How Buying is Better than Renting

Thursday, September 26th, 2019

Whether you’re looking to move out of your parents’ house or just ready to relocate in general, there are a few options for you to consider. We’re talking about buying or renting. While there are benefits to each, we believe that buying has an amount of benefits. Have you spoken to a BHHS Select real estate agent before? Maybe it’s time to consider this option. Keep reading to find out how buying is better than renting.

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