Find us on...


Login using...

New Search X

Sell it or rent it out?

Posted by Bonnie Martin Designated Broker on Monday, February 3rd, 2014 at 10:52am.

moneyhouse_oleg-doroshin_450Ryan Severino liked the location of his family's home in Scotch Plains, N.J., but he also thought they needed more space. So in the summer of 2011, they decided to buy a bigger house. Mortgage interest rates were down, and so were home prices. "We were outgrowing our house," Severino says. "We didn't want to wait for prices to go back up."

But one thing he didn't realize was exactly how long it would take to sell the first house or to rent it, if that turned out to be the better option. "It comes down to more than pure economics," says Severino, senior economist and associate director of research at Reis Inc., a real estate research firm.

To read more of this article, click the link below:


Photo:  ©[oleg doroshin]/123RF.COM

Leave a Comment