You ARE sure it’s time to move, but you ARE NOT sure if you should sell or rent out your home. It's a great question — good thing I'm here to answer (wink)!
It makes sense to sell if:
There’s a high demand for homes in your neighborhood.
Your home needs a lot of repairs and updates before it will be appealing to renters.
You live in an area that isn't enticing to renters.
You don’t have the time, energy, or know-how to be a landlord.
On the other hand, renting might be the way to go if:
You owe more on your home than you can sell it for. By renting it out, you can cover the mortgage with rental income.
The housing market is weak in your area, and you’d prefer to sell after the market picks up a bit.
You’re willing to learn the ins and outs of being a landlord and excited about transforming your home into a financial asset.