Rentals
Sales
Rocky Mount, NC 27804
Office by Appointment Only
Deciding whether to rent or sell your home is a significant choice that impacts your financial future, lifestyle, and long-term goals. Both options have their pros and cons, and the right decision often depends on your unique circumstances. At Keystone Realty, we understand the complexities involved in this decision and are here to help you navigate the process.
1. Steady Income Stream – Monthly rent can be a reliable source of cashflow for you as the property owner. This income can cover your mortgage payment, property taxes, maintenance costs, and also put cash in your pocket.
2. Long-term Investment – Owning real estate is one of the best paths to wealth. By holding on to your property long term, you can benefit from appreciation, especially in a growing market like Rocky Mount or Nash county.
3. Flexibility – Life can change in an instant. Whether you are temporarily relocating for work, traveling, or testing a new living arrangement, keeping your home leaves the door open for you to return in the future.
4. Tax Benefits – Rental properties can offer great tax advantages to the property owner, including deductions for mortgage interest, repairs, property taxes, depreciation, and professional management fees. As always, be sure to consult with your CPA!
5. Professional Property Management – Here at Keystone Realty, we offer hands-on property management services to ensure that your property is always well maintained and tenants are satisfied. Our communication plan includes weekly updates during vacancy, quarterly inspection reports with photos, and monthly financial statements. With our team of experts, you can rest easy knowing that you will enjoy all the benefits of owning a rental home while we take care of the details for you.
1. Tenant Risks – Renting properties means managing people, namely tenants. People can be unpredictable, which can lead to late payments, property damage, and difficult relations
2. Market fluctuations – Rental income can be influenced by changing market conditions. An economic downturn or an increase in supply can harm your ability to find and keep a quality tenant at your desired rental rate.
3. Maintenance and Repairs – Owning a home requires ongoing maintenance and upkeep. This can get costly, but is essential to preserve the property and also keep tenants satisfied.
4. Cashflow Issues – Many owners depend on this month’s rent payment in order to make this month’s mortgage payment. Tenant late payments and vacancy can cause cash flow issues when payments come due.
1. Immediate Financial Gain – Selling your property can provide an immediate influx of cash, which can be used however you see fit. You can pay off the existing mortgage, apply the funds to your next home, or invest the money for the future.
2. Tax Benefits – No one likes to pay taxes. By selling your primary residence, you may qualify to receive an exclusion on the capital gains income from the sale. As always, check with your CPA!
3. Simplification – In today’s busy world, streamlining and simplifying your life can be a major consideration. By selling your home, you will no longer have to worry about any of the complexities that go along with owning a property other than the one you reside in.
4. Professional Real Estate Brokerage – There are a lot of moving parts when it comes to selling your home. From valuing the property, to negotiations, to knowledge of state law and regulations, it can be invaluable having an expert on your side to rely on through the process.
1. Loss of Future Appreciation – By selling, you lock in your gains at the time you close on your home. Real estate historically appreciates around 2-5% per year, meaning you will miss out on that appreciation.
2. Timing the Market – Getting the timing right of when to sell can be very challenging. The real estate is constantly changing, making it difficult to know the best time to sell in order to maximize your return from the sale.
3. Emotional Attachment – Letting go of your home can be an emotional decision to make for many owners. Sentimental value may outweigh the financial value of your home.
4. Stability – Owning a home can mean that you always will have somewhere to return to. If life brings you back to where you started, still owning your previous home can make the transition and move much easier.
Deciding whether to rent or sell your home is a significant decision that requires careful consideration of your financial goals, market conditions, property condition, and personal circumstances. Both options have their benefits and challenges, and the right choice depends on your unique situation.
At Keystone Realty, we are committed to helping you make an informed decision and providing the support you need, whether you choose to rent or sell.
If you have any questions or need further guidance on renting versus selling your home, please contact us. Our experienced brokers are here to assist you every step of the way.
EXCELLENT Based on 168 reviews Maggie Randall2024-03-09Trustindex verifies that the original source of the review is Google. Zach Bass has been super helpful in getting my house rented! He’s made the entire process as easy as possible, and I’ve been able to relax knowing that he’s got everything handled. Ben Stenhaug2024-02-26Trustindex verifies that the original source of the review is Google. Absolutely incredible experience - looks out for me and my property and helps make the best decisions while always being responsive Tiffany Tyrrell2024-01-30Trustindex verifies that the original source of the review is Google. I highly recommend Mrs. Wendy to anyone looking to buy a home in this area! She was so personable, honest, and professional throughout the whole process. She was quick at setting up showings for us when we were looking at different houses & just as quick to respond to all of my questions during the buying process. Thankful to have had her as our realtor and will definitely work with her again in the future! Brennon Luster2024-01-20Trustindex verifies that the original source of the review is Google. They're one of the best property managers that I deal with and are responsive and very easy to work. I high recommend them. Tier1ops2024-01-17Trustindex verifies that the original source of the review is Google. Zach and Phil were great to work with, for buying our home. They were extremely attentive, and interested in what we wanted. They consistently sent us listings, and were always available to show us homes. When the time comes to sll our home, they will be out first call! They are highly recommended!! Brian Carroll2024-01-10Trustindex verifies that the original source of the review is Google. Very helpful, and knowledgeable Cassandra Thompson2024-01-04Trustindex verifies that the original source of the review is Google. Zachery Bass was the best. He made the sell of my property effortless, I would definitely recommend him. Jabril Levine2024-01-03Trustindex verifies that the original source of the review is Google. I used Keystone to manage a property that I have and they were great. Very Professional. They always kept me well informed of what was going on with the property. Received my owners payment electronically every month. Seamless hands off process the whole time they managed it. Would definitely recommend using them for their property management services. Victoria Doney2023-11-30Trustindex verifies that the original source of the review is Google. Zach Bass was the best to work with finding our new home. Even though I consider myself to be a bit high maintenance at times, he always responded swiftly and explained all the little details very well. He went above and beyond our expectations with buying our home. He understood what we were looking at in a home, within our time frame, and within our budget. We were blown away with the money he saved us in negotiations with our repairs. He has even assisted me since buying our home on recommendations for repairmen in the area. If anyone asks for a realtor ever my answer will be Zach Bass. Greg Kreamer2023-11-22Trustindex verifies that the original source of the review is Google. Very professional and friendly! Zach was the best in my home buying experience!
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