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The Property Podcast
ASK434: Is now the right time to sell this property? PLUS: What do I do about this arrangement fee?
Jun 25, 2024
Topics include considering the timing of selling a property with a 20% decrease in value, inheriting a flat in Notting Hill, investing in a cheaper property for better growth potential, and whether to add arrangement fees to a mortgage or pay off in full.
05:16
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Quick takeaways
- Assess property's unique value drivers and market trends before selling.
- Consider rolling mortgage arrangement fees into the loan for liquidity and flexibility in investments.
Deep dives
Deciding to Sell or Hold on to Notting Hill Property
Gary, who recently inherited a property in Notting Hill, is contemplating selling it despite a 20% decrease in its value since the 2014 purchase. The dilemma lies between waiting for a potential market upturn or selling now to reinvest elsewhere. The advice highlights the importance of assessing the property's unique value drivers and considering market trends before making a decision. The recommendation is to avoid fixating on the initial purchase price and strategically decide based on the property's potential for increased value and the opportunity cost of waiting.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode