Whether to sell or rent your home depends on your long-term goals, financial needs, and the current sales and rental market conditions. Here's a breakdown to help guide your thinking:
You need the proceeds to fund your next home purchase.
You want to simplify your finances or reduce debt.
You expect to realize a substantial profit.
Capital Gains Tax Exclusion- Consult a tax attorney regarding IRS Section 121
You’re relocating temporarily and plan to return.
You’d like to retain the property as a long-term investment.
The rental market is strong and stable.
With high rental demand in many parts of Massachusetts, renting may be a solid income-producing alternative. However, it comes with added responsibilities and legal requirements.
If you decide to rent your property, there are several key legal requirements to be aware of:
Maintain habitability: Ensure the home meets basic health and safety standards.
Tenant rights | Mass.gov
Comply with fair housing laws: Discrimination in tenant selection is prohibited.
Fair Housing Law | Mass.gov
Lead paint disclosure: Required for homes built before 1978.
Massachusetts Lead Law
Security deposit handling: Funds must be held in a separate interest-bearing account.
Security Deposits | Mass.gov
Notice of entry: You must give reasonable notice (typically 24 hours) before entering the unit.
Eviction laws: You must follow formal legal procedures.
Massachusetts law about eviction | Mass.gov
You will continue to be responsible for the mortgage, taxes, insurance, and all repairs.
Water and sewer bills are the legal responsibility of the landlord in Massachusetts and cannot be passed on to tenants unless the home is separately metered and you have a written agreement in place.
Property management services, if desired, typically cost around $350/month, plus $90/hour for additional maintenance or oversight.
If you’re planning to purchase another home and keep this one as a rental, it’s a good idea to connect with a mortgage broker early. They can advise how much of your anticipated rental income can be used toward your loan pre-approval, which may help increase your purchasing power.
Whether you're leaning toward selling or renting, I’m here to help you make a confident and informed decision. Along with a strategic marketing plan, I’ll provide you with:
Comparable properties to guide your pricing decisions
Sample leases and lease addendums drawn from my real estate experience or if you decide to sell, visit my Seller page
Trusted advice on market conditions and marketing considerations for both renting and selling
When you list your rental property with us, we use Rental Beast, a trusted platform that makes the application and screening process easy and transparent—for both landlords and tenants.
Through Rental Beast, applicants complete a secure online application that includes:
Full Credit Report & Score
Criminal Background Check
Eviction History
Ready to take the next step in your real estate journey? Whether buying, selling, or just exploring options, Maija Sawyer is here to provide personalized guidance every step of the way. Contact her today for a complimentary consultation or market analysis.