How to know when to sell or buy
When it comes to selling and buying, it’s impossible to predict the market. By the time your property is available for purchase and/or you’re looking to buy, things can change.
For instance, just this year, the market changed significantly between September and November. In September, there were fewer properties on the market resulting in greater urgency and higher prices as a result. By November, there were many more properties for buyers to choose from.
That’s why it’s important to:
- Sell and/or buy when it’s convenient for you,
- Plan selling/buying 3 – 6 months in advance
It’s a lot easier to sell a vacant property so, ideally, investors looking to sell will do so after their tenant’s lease has expired and they’ve moved out.
If you’re planning to sell in 2024, now is the time to reach out. We can get the ball rolling and you can start preparing your property for sale.