Questions to ask before selling your investment property - 1 - https://www.realrenta.com.au/blog/post/1167
Is it a good
time to sell?
The answer to this question is often what holds investors back from
selling their properties, and currently, some would say it’s probably not "a
good time to sell” as we are in a buyers market in a number of our major
capital cities.
Having said that what is your alternative?
You could wait until the property market moves up, but what’s going to
happen then?
Is somebody really likely to pay much more for your dud property then?
And while you’re waiting for all this to happen the investment-grade
property you’re planning to buy instead is only going to increase in
value, as will the gap between the value of your current property and the new one.
So while timing the market might seem like a logical thing to try and
do, firstly it’s too hard to achieve, and secondly, it doesn’t always make sense
However selling an investment property is an important decision and
subject to some significant transaction costs, so it’s worth running the
numbers carefully with your property strategist before you make this decision.
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Jason Gwerder
Thursday, 4 November 2021
