EP 316: 6 important considerations when selling a property

Investopoly

Investopoly
EP 316: 6 important considerations when selling a property
Aug 07, 2024 Episode 316
Stuart Wemyss

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In this episode, Stuart delves into the six crucial considerations for selling a property, offering valuable insights to maximise your success. He begins by emphasizing the importance of presentation and making small improvements to attract buyers and achieve a higher sale price. Stuart discusses the best times to sell, noting that while spring is popular, other seasons might be more advantageous depending on your property's unique features and location.

Choosing the right real estate agent is highlighted as a key factor, with Stuart advising on what to look for in an agent and the benefits of vendor advocates. He then covers the complexities of taxation, explaining how Capital Gains Tax (CGT) can impact your sale and offering strategies to minimize liability. Mortgage management is another critical topic, as Stuart outlines steps to ensure you retain control over the sale proceeds.

Finally, Stuart addresses tenancy agreements, providing guidance on selling tenanted properties and the importance of planning ahead. This episode is packed with practical advice and expert tips to help you navigate the property selling process with confidence and success. Don't miss it!

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This podcast provides general information about finance, tax and credit. It doesn't take into account your specific objectives, financial situation or needs, so you need to assess whether it's relevant to your circumstances before acting on it. If you're not sure, speak to a licensed, trustworthy professional.