Is it the right time to sell my investment property?
There is no shortage of information and opinion about any real estate market and an abundance of advice on what the best options are in the market at the time.
If you are an investment property owner, there might be information relating to changes in legislation, potential tax benefits and dips and rises in the property market, all influenced by various local and world factors.
What is the most important aspect to consider when choosing to sell your investment is your individual circumstances...
Changes in the property market, increases in the costs of living and rising interest rates can all contribute toward mortgage stress and while repayments on loans or everyday expenses may rise, there are steps that you can take to help ease the pressures of increased expenses.
Health check your budget
Before cutting costs, it is wise to sit down and look at your budget. It does not need to be a complex task but should involve noting down the income and expenditure of your household and...
There are many reasons why you might decide to sell your home, it could be the need to upsize or downsize, the need to relocate or even find something more modern. When you are on the path to your next move, sometimes it is worthwhile considering if you need to sell or if a renovation of your current home may be the best move.
You may need to consider your current circumstances, what the needs and stage of life that your family are in and how a potential move or a renovation will affect...
When property markets are influenced by external factors or changes in economic conditions, there can be fluctuations in how fast a property may sell. There are additional factors that can also limit the length of time that it takes to sell a property and important factors to note if you are considering selling.
Price
If a property is priced well, irrespective of the market conditions, it will sell in a shorter period, potentially in line with the time frame that you may be wanting it to be...
