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I’m Relocating – Should I Sell or Rent my Hayward Home?

Deanna Hansen - Wednesday, May 14, 2014

A common question we get from people who are relocating is: “Should I sell or should I rent?” That’s really an individual decision that you have to make, so it’s important to gather all the facts you need to make a good personal decision. I don’t know whether you’re planning to move back to the Bay area to live again in the future, or whether you want a long term investment or whether you just want to buy something new elsewhere, and you’d rather just sell your existing property. So, gather your facts.

If you decide to sell your house because you won’t need it again in the future, talk to a good real estate agent who can tell you what you can actually get for a sales price. This will help you prepare and make your decision. You don’t want to rely on some pie in the sky estimate that shows you what you might be able to get if you wait 300 years to get the right price. Talk with someone you trust and feel good about.

The same steps should be taken when you decide to rent your property out instead of selling it. When you rent your home, you can hang onto the property if you decide to move back into it down the road, and you’ll also continue to earn on the investment if the rental income is right and the value continues to increase. Talk to a property manager to find out what kind of rent you’ll be able to expect from the market. The rental amount is important and it’s no fun having someone tell you that the house will rent for $1,995, and then when you put it on the market you find out that you won’t be able to get more than $1,595 for it. That’s going to suddenly throw your cash flow expectations off and your projections will mean nothing. You don’t want to make a bad decision.

 I’m Relocating – Should I Sell or Rent my Hayward Home?Whether you decide to rent your home out or sell it when you relocate, make sure you talk to a Hayward property management company you can trust who can give the financial realities of your decision and guide you through the process. You’ll be more comfortable that your decision was a good one.

If we can help you in any way when you’re trying to decide what to do with your property, please contact us at Aapex Property Management.
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