Should I sell or rent my Woodbridge House? by Claudia S. Nelson with Keller Williams Realty in Woodbridge VA
Should I sell or rent my Woodbridge and surrounding area House? Are you in a situation where you are thinking about either selling or renting your Woodbridge VA Home? There are pros and cons to both and you have to find out what’s most important for you.
Here is my take on it. I own investment properties in Woodbridge and have them rented out, but being a landlord isn’t always easy, especially when tenants are paying late and you have to fight with them to getting rent. Also if a tenant leaves and you have to find a new tenant can you afford to carrying the mortgage without receiving income? If you are a landlord you have to make sure you can cover repairs minor and major repair costs.
On the other hand if you are a landlord you can generate income on a monthly base with your rental property. You can also built up equity, the tenant is essentially paying your mortgage payment.
Being a landlord isn’t everyone’s thing. Having to deal with tenants issues, chasing rent, or dealing with repairs. Even if your property is managed professionally you still have to be ready being a landlord.
Besides all this there is also the question of what is my Woodbridge VA Home worth in Today’s market if I am selling. Or what would be a fair market value if I consider renting out my Woodbridge VA Home? Well you can easily find out by contacting a local Real Estate Professional. CALL 571-285-4319 or www.TrackmyWoodbridgeHomeValue.com
Lots to think about. I can provide you with all the information you will need to making an educated decision. Some investors will purchase homes to hold them and rent them out and other will purchase them to flip them for a profit. You might not consider yourself an investor but you own a home now and want to move to a bigger home. Should you sell your current home or renting it? In some instances the financing involved will be making the decision for you. Meaning you might have to sell your current home in order to qualify for that bigger home.
So with all these decisions it is very important you talk to a local Woodbridge VA Real Estate Agent that can help you navigate through the Woodbridge VA Real Estate Market and providing you with the tools you need to making the decision that works best for you and your family.
