To sell or not to sell?

exiled_2

it all depends on your personal circumstances and your plans for the future.
if your opinion is that house prices will drop and you would like to buy a better property in future for a lower price then sell, look at the investment options availible for your cash and try and find the best deal that will offset your rental payments then buy back it at a level that you feel represents value. Be aware that the downsides are the effect on your personal life, the hassle involved and the potential inconvience of any landord wishing to sell. Be sure to find out what your landlord paid for the rental property and what their portfolio is like to get an idea of their future plans. If you like the place you end up renting then you would like to stay there for a decent period of time no doubt. All in all, if the personal circumstances suit then I would sell. cash will be better than bricks for the next 4 years.

loofah_3

to mpsavuk

I wasn't being 'silly'!

Thinking long term, the value of this person's property is sure to rocket being near any Olympic site and all the redevelopment that entails.

When the event is actually on, you can command a ridiculous amount of rent , be sure of that!

Here in Edinburgh and all the surrounding areas, we have all the benefitted from the feel good ripple factor of having the Holyrood Scottish Parliament...house prices in outlying areas have doubled if not tripled in the last 6 years.....I was merely suggesting playing a waiting game, getting rent in to cover rent out and reap the rewards as a long term project...erm...what's silly about that?!

D'oh!