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.
has all the tools that a property manager has, but
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Friday, 5 November 2021