Should You Rent or Sell Your Home in Today’s Market?

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Should You Rent or Sell Your Home in Today’s Market?

The real estate market in Austin has shifted. Prices have softened from their peak in 2022, and while activity is steady, both buyers and renters are taking their time to make decisions. If you own a property and are unsure whether to sell or rent, here are some factors to consider:

1. Rental Demand and Pricing

Rental demand is not as strong as it once was — even near tech hubs, downtown, and the universities. However, the good news is that there is still steady demand, and most properties do lease with some patience. Rental prices have also adjusted downward, which means it’s cheaper to rent than to buy in many areas. For homeowners, this means you may not get the top rents seen a couple of years ago, but leasing your property can still provide steady income while waiting for the sales market to rebound.

2. What If You Don’t Have Enough Equity to Sell?

Some sellers would like to sell their home but simply don’t have the equity to do so without losing money. Selling in this situation could mean bringing cash to the table — something many prefer to avoid. Renting out the home can be a smart solution. Even if the monthly rent only covers most (or part) of your expenses, it can help you hold onto the property until the market improves, rather than leaving it vacant and paying the mortgage with no offsetting income.

3. What If You Don’t Need to Move?

There are also homeowners who would like to sell, but don’t have an urgent reason to move. If this sounds like you, it may be better to wait. The Austin market is cyclical, and while prices have softened from the highs of 2022, they will eventually stabilize and recover. If you’re comfortable staying put and don’t need to access your equity right away, waiting could allow you to sell under stronger market conditions in the future.

4. Lifestyle and Financial Flexibility

Ultimately, the decision to rent or sell depends on your personal situation. If you’re relocating and need flexibility, renting may give you time and options. If you’re downsizing or moving equity into another investment, selling may make more sense. For many homeowners, it’s about balancing current financial needs with long-term goals.

Final Thoughts

Today’s Austin market requires careful decision-making. Whether you’re considering selling, renting, or simply waiting, it’s important to evaluate your equity, monthly budget, and lifestyle needs.

If you’d like to discuss your situation, I’d be happy to help you review the numbers and see which path works best for you.

Sonia Comisarenco, Realtor®
Email: sonia@teamprice.com 
Address: 7320 N. Mopac Ste 305, Austin, TX 78731

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