Should You Rent Your Home Instead of Selling?
If your home has been on the market without generating the offers you were hoping for, it’s natural to ask: What if it doesn’t sell? Some homeowners consider renting as an alternative, but at the Price Group, we know this isn’t always the best move. Many homeowners who become “accidental landlords” end up facing unexpected costs, responsibilities, and headaches.
Why Homeowners Are Considering Renting
In today’s market, higher interest rates and affordability challenges mean buyers are moving more cautiously. Some listings sit longer than expected, leaving homeowners frustrated. As a result, renting can seem like the easy fallback. But selling your home strategically is often a better option—and that’s where The Price Group can help.
Key Questions to Ask Before You Rent
1. Is Your Home Ready to Rent?
Not every home is suited to be a rental. Consider:
Will you be managing the property from a distance?
Does it need repairs or updates before it’s tenant-ready?
Is your neighborhood in demand for renters, and will the rental be profitable?
If any of these give you pause, renting may create more stress than it solves.
2. Are You Prepared for Landlord Responsibilities?
Rental income might seem passive, but it comes with:
Unexpected maintenance issues and emergency calls
Managing tenants and late payments
Repair costs between tenants
3. Have You Considered All the Costs?
Renting isn’t free of expense:
Landlord insurance can cost ~25% more than standard homeowner coverage
Property management fees typically run around 10% of rent
Maintenance, advertising, and vacancy periods add up quickly
These hidden costs often catch homeowners by surprise.
The Price Group Advantage
Before you make the leap into renting, your best first step is a strategic conversation with our team. With our local market expertise, we can:
Review your pricing and listing strategy
Suggest updates or staging to attract qualified buyers
Relaunch your home at the right price to generate serious offers
In many cases, this approach can help you sell your home faster and for a price that meets your goals without the extra responsibilities of being a landlord.
Renting can work for the right homeowner, but for many, selling with a well-planned strategy is the smarter, less stressful choice. Partner with the Price Group to explore your options and make the right move for your home and your life.