Should I Sell or Rent My House?
Moving, downsizing, or inheriting a home? This guide compares the pros and cons of renting out your property versus selling it, and shows how Brokerless supports either route with MLS exposure.
β Why Consider Renting Your Home
- Cash flow potential: monthly rent can offset mortgage, taxes, and insurance.
- Appreciation: keep ownership and capture future price growth.
- Tax benefits: deduct eligible expenses; depreciation may reduce taxable rental income (consult your tax pro).
- Flexibility: good if your move is temporary or you may return.
Planning to rent it out? See List Rental on MLS and compare sites in Best Rental Websites.
π Why Consider Selling Your Home
- Immediate liquidity: unlock equity for your next purchase or investment.
- Lower risk & hassle: avoid vacancies, repairs, and landlord responsibilities.
- Market timing: take advantage of current demand in your area.
- Simpler taxes: may qualify for primary residence exclusion; avoid depreciation recapture later (ask your CPA).
Selling FSBO with MLS exposure? Review Flat Fee MLS Pricing and How Brokerless Works.
π How to Compare the Numbers
- Rent estimate β (mortgage + taxes + insurance + HOA + repairs + management) = projected cash flow.
- Vacancy & CapEx: budget for months vacant and big-ticket items (roof, HVAC, appliances).
- Sale net proceeds: estimate sale price minus payoffs and closing costs.
- Tax lens: primary residence exclusion vs rental depreciation/recapture (get professional tax advice).
- Time horizon: plan for 1, 3, and 5 years β rent first, sell later is a valid path.
π How Brokerless Helps β Rent or Sell
- For rentals: MLS listing syndicates to major rental portals; inquiries route to you. See List Rental on MLS.
- For sales: get full MLS exposure without a 6% listing fee. Start with plans and how it works.
- Lead flow: agents contact you directly from MLS; public buyers on portals call the office number that routes to you.
β οΈ Common Pitfalls to Avoid
- Underestimating repairs & vacancy when modeling rental cash flow.
- Renting below market due to fear of turnover β use comps and set alerts.
- Remark violations: putting financing or inducements in public remarks. See MLS Public Remarks Rules.
- Buyer-agent comp confusion: review post-NAR settlement guidance.
π Related Resources
β Rent vs Sell FAQs
How do I decide to rent or sell?
Compare projected rental cash flow (after expenses) with sale net proceeds and your time horizon. Consider risk, hassle, and tax impacts.
Can I rent now and sell later?
Yes. Many owners rent for a few years, then sell. Plan for depreciation recapture and market timingβconsult a tax professional.
How will buyers or renters contact me?
Agents contact you directly via MLS. Public inquiries from portals route through the listing office number to you. See details.
