Owning a Home Is Not Always the Simplest Choice

Some San Francisco owners have accumulated significant equity.

But they may also be carrying:

High property taxes.

HOA dues.

Repairs.

Maintenance.

Insurance.

And a home that no longer fits their lifestyle.

At some point, the question becomes:

Would life be easier if I sold?

Start With the Equity

The first step is understanding what you would actually net after selling.

Your home may be worth $2 million, but that does not mean you receive $2 million.

Consider the mortgage balance, commissions, taxes, preparation costs, and other closing expenses.

Then Look at Lifestyle

Would renting allow you to live somewhere you prefer?

Would it reduce your responsibilities?

Would you travel more?

Would you like the flexibility to move easily?

Those are legitimate benefits.

But Consider What You Are Giving Up

If you have a very low mortgage rate, selling means giving that financing up.

You also give up potential future appreciation and the security of owning the property.

The Bottom Line

Selling and renting can be an excellent choice.

It can also be financially shortsighted.

The right decision depends on what you want your next five to ten years to look like.

Matt Woebcke
Senior Sales Associate
Vanguard Properties
415.553.0206
MattWoebckeRealEstate.com

The Right Address Changes Everything.