I'm sure a lot of people have came to this question many times. It seems like such an easy answer, but there is a lot of thought that goes into this.
It really depends on the person who owns the house. If you want to hold on to your house for a couple more years for the housing market to pick up, it is definitely better to rent your home. There can be many benefits to renting your home.
Some benefits include:
- Mortgage and taxes being paid off for you
- Renters upgrade your home for you at times
- May also still be able to raise your equity on your home while renters are living on the property
If the market is hot and people are buying, than it may be better for you to sell your property while you can. Also, if you bought your home a couple years before the market got hot is an advantage for you as a seller. Most likely you will be able to get a nice profit.
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