HOUSTON, TX. - There's no denying that just about everyone has either bought or sold a Houston home in the last couple of years but depending on your situation it make not make sense for you to sell your home right now.
If you're "on the fence" about selling your home, here are four examples of when it makes sense to hold onto a home rather than selling it.
#1 - You Don't Need To Sell Your House To Buy Another Home
The first reason to hold onto your home instead of selling it is if you don't need to sell your home to buy another house. This is an ideal situation to be in because it means you can take your time selling your home without the stress of selling it just so you can quickly purchase another home.
#2 - You Can Qualify For A Second Mortgage
Let's say that you can qualify for a second mortgage, if this is the case you shouldn't hesitate on getting that second mortgage while renting out house #1 because holding onto real estate is an excellent way to continue building wealth while generating income for your retirement.
#3 - What's The Market Like?
Although the market is steady at the time of this writing, the truth is that it may not be so steady when you're reading this article and in this case you may want to hold onto your current home and rent it out for one year while the market gets back on track.
#4 - Your Home Is In A Prime Renters Area.
Last of all, but most important, if your home is in a prime renters area, this is another reason to hold onto your home instead of selling it because if you can easily qualify for another mortgage, you should rent your Houston home with confidence knowing that you can quickly rent it for top dollar.
For more reasons to hold onto your home instead of selling it, or to search for homes for sale in the Houston area, contact me at (713) 819-1642 or click here to connect with me online.