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.
09:49
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Quick takeaways
- When deciding which property to sell for relocation, consider long-term investment potential, tax implications, and personal comfort levels.
- Be cautious of overage clauses in property purchases, as they can complicate values and affect future resale opportunities.
Deep dives
Property Dilemma: Decision-Making Factors
A challenging decision arises for a couple who own two properties and seek guidance on which to sell for relocation. They weigh the options between their residential property in Sheffield, which has appreciation potential, and a buy-to-let flat in Brighton that has stagnated in value. Key factors include mortgage repayments, rental income, and tax implications like capital gains and stamp duty. Ultimately, assessing the long-term investment potential of the Sheffield property may lead them to sell the Brighton flat despite short-term financial discomfort.
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