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Should I Rent or Sell My Pleasanton Luxury Home?

Written by Posted On Thursday, 18 June 2015 11:21

Should I Rent or Sell My Pleasanton Luxury Home?

 

Whether you have grown out of your Pleasanton luxury home or are relocating to another area, you may have thought, “should I rent or sell my Pleasanton home?”

If you are worried about making a wise financial decision, here are a few questions to ask yourself to determine whether it is best to rent or sell your Pleasanton CA home:

Can't decide between renting or selling your Pleasanton luxury home? These tips will help you.

1. What is your current financial situation?

If you are considering renting out your luxury home, determine first how much monthly rent you could make from the property and for how long. Then, compare that to your monthly expenses to determine if it can cover everything. In case you don’t make a profit or break even, ask yourself if you can carry the extra debt, especially if you are buying a new home.

If you are planning to sell your home, make sure you have factored in all costs of selling a Pleasanton luxury home such as the fees of your Pleasanton luxury REALTOR® and capital gains.

2. Do you need the profit right away to buy your new home?

If you are planning on buying a new home and need to use the equity from your current Pleasanton home for a downpayment on the new one, then you might want to sell your home instead of renting it.

Get the most financial reward out of your Pleasanton luxury home by asking yourself these valuable questions. 

3. What are the current market conditions of homes in Pleasanton?

Before you decide whether to buy or sell your home in Pleasanton CA, consider the current market condition in your area. Is there a strong demand for rental properties such as yours in your neighborhood? Is your area currently a seller’s market or a buyer’s market? What are the current prices for Pleasanton CA luxury homes in your area?

A Pleasanton luxury homes real estate agent can help you (through a comparative market analysis) to determine the value of existing properties for sale in Pleasanton within the last 6 months. If the values of properties in your neighborhood are rising, you may want to keep the house, rent it out and wait for it to appreciate before selling.

If the values of luxury home in your neighborhood are dropping and you want to make a profit immediately, you might want to sell and get some profit before the values depreciate.

4. Can you handle being a landlord?

Being a landlord is not a walk in the park. Are you prepared for the emotional stress that comes with being a landlord like getting calls at inconvenient times to handle repairs or emergencies or evicting a tenant who failed to pay the rent? Ask yourself if you are prepared for these situations and if the financial returns are worth all the trouble. Pleasanton luxury homes require more frequent work and maintenance from the owner than condominiums or regular single-family homes.

Ask yourself these 4 questions before you decide to rent or sell your Pleasanton luxury home. It is also best to consult a real estate agent who specializes in Pleasanton CA luxury homes for sale to get an idea of the current market conditions and values of homes for sale in your area to help you arrive at the best decision.

For more ideas on how to sell your Pleasanton luxury home, visit http://RhondaFee.com/.

If you are looking for a Pleasanton luxury REALTOR® who can help you sell or buy your dream luxury home, call me, Rhonda Fee, at 925-200-0827. With my extensive experience and knowledge of the Pleasanton luxury real estate market, combined with a track record of satisfied clients, your next transaction will be the best move you’ve ever made!

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Rhonda Fee

Rhonda Fee is a successful Real Estate Broker & Realtor serving the Greater Bay Area. She is a highly sought after Pleasanton luxury homes Realtor® with a real estate office location in Downtown Pleasanton.

 

She specializes in luxury home sales and provides excellent customer service to all of her real estate buyers and sellers regardless of the price of the home. Her marketing materials are unsurpassed in quality and she prides herself on putting the client first and foremost in the entire process. Rhonda aims to please her clients in all aspects of the transaction, from best possible price for a home to making sure the communication is on task and so much more!

 

Rhonda achieved the Grand Master’s Achievement Award in 2014 from Bay East Association of Realtors where she ranked among other top producing peers. She is a member of the Institute for Luxury Home Marketing.

 

Rhonda Fee

Broker/Owner CA BRE # 01414989

Aspire Realty Services

Phone: 925-200-0827

 

RhondaFee.com/

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