Should I rent out or sell?

Hi, from Payson, AZ!

Because the real estate market is changing some owners are nervous that they won't get their price if they sell now. We handle both sales and rentals, and we find ourselves advising people of the pros and cons of renting out vs. selling. There are many things to consider, one that owners might not think of is how emotionally attached are they to the property.

An owner will almost certainly NOT get a property back in the shape it was, no matter how good the tenants have been. Does the owner have carpeting that they picked out and ordered special? Are there handmade touches that might accidently be destroyed? Have they done custom faux finishes on the walls? Did they nurse the grass along or put in a perennial garden that comes back every year? Are there fruit trees which they have grown from babyhood? We sold the house we first lived in when we got married, the house that I brought my babies home to, and I can't stand to drive by it now when we visit that town. I want to remeber it as it was.

Some people can handle seeing their property change. But others just can't stand the thought of people coming in and changing "their" house. Ever watched the tv show "Moving Up", (-link below)  the show takes 3 properties, shows them before, each set of owners moves "up" to the next property, and then the original owners get to go back and see what the new owners changed. Sometimes the old owners are horrified. People who are very attached would be better off to sell the place, cut their ties, and let it go.

For our full list of things to consider when making this decision follow the link below.

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