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Should You Sell or Lease Your Home?

It’s time to move. Maybe you’ve found a new job, maybe you want the kids to go to a different school or maybe you just want to upgrade. Whatever the case may be, you have to do something with your current abode first.

In the olden days, you would have been stuck trying to sell your house before you could really move on. It’s hard to buy a home when a large amount of your finances are tied up in your current home. But today, there’s another option that’s becoming more and more popular with Indianapolis homeowners who are having a tough time selling their home: leasing. While it’s not right for everyone, leasing your home can be a great option for some families.

Renting your home may be a good option for you if you need to move right away, say, to start a new job in a new town. You might not have time to make repairs and wait a few months for the house to sell. In that case, you need a stream of income to let you pay that mortgage while you move on to a new city. Leasing will allow you that freedom. Then, whenever you’re ready, you can put the house on the market and sell it once and for all.

Another good reason to consider leasing is if you just can’t seem to sell your house. While the Indianapolis real estate market is recovering, it’s still a rocky road and can take some time to sell your property. If you’re tired of trying fruitlessly to sell the house, why not take it off the market for a while, lease it for extra income, and try again when sales conditions have improved?

If you do decide to consider leasing, make sure you work with an experienced Indianapolis property manager like Polaris Property Management. A good property management company will help you determine how much to rent for, find and interact with tenants, collect rent and generally make your life easier. Call us today for more information about leasing your home.

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