Pehr Black - The Local Choice

  • HOME
  • ABOUT
    • ABOUT THE TEAM
    • TESTIMONIALS
    • QUALIFICATIONS
  • SEARCH
    • HOME SEARCH
    • HOME VALUATION
    • MORTGAGE CALCULATOR
  • CONTACT

Are There More Benefits to Renting or Selling?

June 28, 2016 By Pehr Black

Buying a Northern Idaho Home? Search all Homes for Sale
Selling a Northern Idaho Home? Check out our FREE Home Value Report

There are plenty of advantages and disadvantages to selling a home in Northern Idaho. The same could be said for renting a home too.

The average days on market in Northern Idaho depends on price. If you price competitively and it’s in the $200,000 or lower range, you should expect to sell within two weeks. If you’re in more of a high end price range, you should be sold within a month if you’re priced competitively.

Appreciation has been at about a 3-4% average over the last few years. There are some subdivisions that have seen up to 7%, however.

Pehr.Black.PullQuote.6.28

If you choose to sell now, you will benefit from the cash flow to go out and make another investment or use that money towards another rental property or home purchase. Another benefit of selling now is that we have seen appreciation in the California markets flatten out, which tells us we’ll likely see a similar trend in a few years.

If you choose to rent your home instead, you will have that renter’s income to cover your mortgage so you can still build that equity without putting too much of your own money into it. Also, if you’re moving out of the area and plan to come back at some point, you know that you’ll still have that home no matter what else happens.

If you have any questions for us, feel free to give us a call or send us an email. We would love to speak with you!

41.26-95.937

Filed Under: Video

          (805) 699-8844

Mobile?

Try our mobile apps for a faster, native experience:
  

            

Real estate agents affiliated with Coldwell Banker are independent contractor sales associates and are not employees of the company.

© 2020 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

The company BRE# disclosure statement for all agents with an office address and a state license associated with this metro. "CalDRE# - 00616212, 450 Exchange, Irvine, CA 92602 (949) 385-8900"

CALL PEHR BLACK SUPER TEAM
License# DRE 02062827
(805) 699-8844
1255 Coast Village road, Suite 201c, Montecito, CA 93108

Copyright © 2021 Pehr Black Real Estate | All Rights Reserved | Built on WordPress and Wovax.