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: OK, False Alarm, Most Homes Are Still Selling Very Quickly How Quickly Are Homes Selling These Days? Middleburg at Stone Spring, To Include Up To 500 Apartments, Proposed Adjacent To The Reserve At Stoneport A Rough Two Years For Rising Mortgage Interest Rates Home Buying Activity Will Slow But Not Stop Over The Winter Demand Is Likely To Keep On Rising For Contractors And Home Renovators Update On City Of Harrisonburg Townhouse Market Trying To Buy A Home... A Story Of Being All In, Then Bowing Out, And Now Being Ready To Jump In Again Sometimes Upgrade Your Home (Selling And Buying) Results In An Even Larger Upgrade In Your Monthly Payment Despite Fewer And Fewer Home Sales, There Are Plenty Of Reasons Why Buyers Will Still Buy And Sellers Will Still Sell
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 Dec 11, 2023 (unless otherwise noted).
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