The Property Podcast ASK470: Help! Which house should I sell? PLUS: Is this auction buy a bad idea?
Apr 1, 2025
The hosts tackle a listener's dilemma about whether to sell a residential home or a buy-to-let property to fund a move. They dissect the financial implications of each choice, weighing pros and cons. Another listener seeks advice about buying an auction property with an overage clause, raising concerns about its value potential. The discussion highlights key factors to consider in property investments, ensuring you don’t get caught off-guard by complex agreements.
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Balancing Short-Term Costs with Long-Term Growth
- Prioritize long-term growth potential when deciding which property to sell.
- Consider short-term costs but don't let them outweigh potential future gains.
Navigating Overage Clauses in Property Purchases
- If buying land, overage clauses are common; factor them into your calculations.
- For houses, they're less common but require careful consideration, especially regarding expiry dates.