Now Can Be A Great Time To Sell An Investment Property


Now Can Be A Great Time To Sell An Investment Property
By Scott Rogers • July 27, 2021
Do you own a residential rental property? Or two? Or five? Or 10? Would you consider selling one or all of them? There are plenty of reasons why you might NOT do so... you might enjoy having a rental property as a part of your financial portfolio you might enjoy having your tenant paying down your mortgage on the rental property you might enjoy having a property that is appreciating in value you might enjoy the income stream provided by your rental property you might not enjoy the tax consequences of selling the property But... if you are open to selling your residential rental property... it might be a GREAT time to do so, because... there are very few townhouses (a typical residential rental property) for sale right now -- so you'd have very little competition when selling there are a LOT of buyers in the market so you'd likely have competing offers to buy your property many buyers are offering to pay over asking price for such properties some buyers are waiving inspections and other contingencies If you own a rental property and the end of the lease is coming up, let's take a few minutes to chat about your options and whether it might make sense to sell that property instead of finding a new tenant. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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