Questions to ask before selling your investment property - 3

Questions to ask before selling your investment property - 1 - https://www.realrenta.com.au/blog/post/1167 

Questions to ask before selling your investment property - 2 - https://www.realrenta.com.au/blog/post/1168

Is your desire to sell driven by fear or finances?

Human emotions get us into no end of troubles, don’t they?

They make us say and do things that are not always in our best interests and this is especially true when it comes to money.

Real estate markets boom and bust because of human emotion, with the former due to Fear Of Missing Out and the latter due to Fear Of Losing Out (FOLO – which I just made up, but it works!)

With some markets transitioning across the country at present, fear is starting to take hold of some people.

They are worried because of all of the alarmist headlines that are predicting massive property price falls.

So, some people will sell because they don’t want to "lose any more money” on their investment property.

The thing is it doesn’t matter if the market is experiencing softer market conditions because any "loss” is imaginary unless you’re planning to sell your property right now.

Smart investors understand this. they don’t change their long term strategy because of short term movements in the market

That’s why they take no notice of the naysayers who are forecasting property doom and gloom.

Rather, as Michelle Obama once famously said, they stay high while others go low because they know that the property tortoise will always beat the fearful hare in the years ahead.

RealRenta has all the tools that a property manager has, but less than ¼the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Friday, 5 November 2021

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