If you listen to anyone real estate is all about location, location, location (and timing, but thats kinda quietly whispered behind because frankly it’s a minefield).
If you asked me when is the perfect time to sell I would say never – but with a big asterix.
I’ll start here, In 2010 I sold up and used the equity I had in a couple of homes to upgrade our own home – buy the new family residence with minimal home loan – the dream goal!! I was really happy with my decision at the time.
Moving forward 4 years and all three properties we sold have gone up in value to the tune of $100,000 – $250,000 each. Ouch. Thats a potential $300k or more, considerably more but I’m refusing to do the math. Boy I wish I had never sold…
I am a massive advocate for “you can only do what you can do”, if you’ve ever spoken to me you would have heard me say that; so my advice for selling is:
- If if suits your goals
- If its anyway at all financially viable,
- if the advice of your experts allows
NEVER EVER sell,
But if not, take the advice and do the best you can do. (And disable all real estate alerts)