Keith Bailey Realtor Florida Real Estate Blog

  Should You Sell Your House or Rent It Out?   When you’re  ready to move , figuring out what to do with your house is a big decision. And today, more homeowners are considering renting their home instead of  selling it . Recent data from  Zillow  shows about two-thirds (66%) of sellers thought about renting their home before listing, with nearly a third (28%) taking that possibility seriously. Compared to 2021, when fewer than half (47%) of homeowners considered renting before selling, it’s clear this trend is on the rise. So, should you  sell your house  and use the money toward your next home or keep it as a rental to build long-term wealth? Let’s walk through some important questions to help you determine the right path for your financial and  lifestyle goals . Is Your House a Good Fit for Renting? Before you decide what to do, it’s important to think about if it would make a good rental in the first place. For instance, if you’re moving ...

  Homeowners Today Have Options To Avoid Foreclosure Even with the latest data coming in, the experts agree there’s no chance of a large-scale  foreclosure crisis  like the one we saw back in 2008. While headlines may be calling attention to a slight uptick in foreclosure filings recently, the  bigger picture  is that we’re still well below the number we’d see in a more normal year for the housing market. As a report from  BlackKnight   explains : “The prospect of any kind of near-term surge in foreclosure activity remains low, with start volumes still nearly 40% below pre-pandemic levels.” That’s good news. It means the number of homeowners at risk is very low compared to the norm. But, there’s a small percentage who may be coming face to face with foreclosure as a possibility. That’s because some homeowners may have an unexpected hardship in their life, which unfortunately can happen in any market. For those homeowners, there are still options that c...