Renting offers the advantage of generating a steady income stream, potentially covering mortgage payments and providing additional cash flow. It also allows homeowners to retain ownership, benefiting from potential property value appreciation. However, being a landlord comes with responsibilities, including property maintenance, tenant management, and potential vacancy periods.

Selling, on the other hand, provides an immediate lump sum, which can be particularly attractive in a seller's market. It frees homeowners from ongoing property-related expenses and the stress of being a landlord. However, selling means forfeiting future appreciation and rental income potential.

The current economic climate adds complexity to this decision. With interest stubbornly high and rising stock volumes, homeowners must carefully consider their financial situation, local market conditions, and long-term objectives before deciding whether to rent or sell their property. Talk to us for the latest on your local market conditions.