Now Could Be An Ideal Time To Sell A Residential Rental Property!


Now Could Be An Ideal Time To Sell A Residential Rental Property!
By Scott Rogers • February 10, 2023
If you own a rental property in the City of Harrisonburg or in Rockingham County, perhaps a townhouse or duplex or small single-family home, this could be an ideal time to sell the property. There continues to be a shortage of available lower-priced homes (townhomes, detached homes, etc.) in the City and County and many owner occupant buyers are pursuing such properties quickly when they hit the market and are making very competitive offers. If you would like to explore the possibility of selling a property that you have been renting out for the past few years, letâ€™s talk about timing and logistics. You will likely be selling the property at a very favorable price with very favorable contract terms and as an added bonus you will be helping out what seems to be a continued backlog of owner occupied buyers who are still trying to buy a home and settle down in the Harrisonburg area. Side note - yes, we (or you and your accountant) will also want to think and talk through the tax ramifications of selling your rental property. 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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