Skip to main content

When to sell in 2023

I bought a ground floor maisonette in a uk city centre about 10 years ago, i had i valued 2.5 yrs ago and it had made around 100k by then , prob slightly more by now.

Id like to sell sometime soon to up size for may family. Ive got a fixed mortage that still has just under 3 yrs left to run with a nice low rate, and ill be able to port it over and would obviously like to use of much of it as i can on a new place

Whens the best time to sell with all the financial predictions coming up, i dont much care if i loose a bit of the equity ive made if it means what im buying is more affordable because id like to buy as cheaply as possible, probably something a bit of a wreck that needs work i can do myself

How to i make the most of this years market, do i put it on at the start of the year, or wait for the predicted crash so everything cheaper? 🤔

If anyone can't point me at were to go to learn about this as well id be grateful 👌

submitted by /u/MammyGoose
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/zvnev7/when_to_sell_in_2023/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more