Home Loans South Africa

Selling versus letting

Selling versus letting
http://www.fin24.com/PersonalFinance/Property/Selling-versus-letting-20100804

If a home owner is offered a contract in another city or country, he must carefully consider whether to sell or let his property, a property group advised on Wednesday.    “The benefit of selling is that you make a clean break, while renting out your property means that you will have a home to come back to when the contract period is up – and that hopefully that home will have appreciated in value in the interim,” the Harcourts Africa Property Group said in a statement.    For home owners with a large bond outstanding on the property, selling is arguably a better option, said CEO Martin Schultheiss.

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