Are there any advantages to selling a house now?

BogMonkey

In 5 years or so, property value will have increased quite a bit, so thats a very good reason to wait a few years before selling.

Are there any advantages to selling sooner rather than later, such as a greater abundance of buyers for example?

Johngoose

BogMonkey wrote: »

In 5 years or so, property value will have increased quite a bit, so thats a very good reason to wait a few years before selling.

Are there any advantages to selling sooner rather than later, such as a greater abundance of buyers for example?

Brexit could affect the Irish economy,certainly the agricultural sector and export sector are going to take heavy hits. Things mightn't be so "boomy"
here in a year or two

Johngoose

http://m.rte.ie/news/2016/0706/800620-irish-food-exporters-brexit/

mel123

BogMonkey wrote: »

In 5 years or so, property value will have increased quite a bit, so thats a very good reason to wait a few years before selling.

Are there any advantages to selling sooner rather than later, such as a greater abundance of buyers for example?

What makes you think in 5 years 'property value will have increased quite a bit'?

Humour Me

Hopefully in 5 years time, a lot more houses will have been build, reducing the pressure on supply and lowering prices.

Why are you selling? Are you looking to move, is it an investment property? What difference does 5 years make to you?

BogMonkey

mel123 wrote: »

What makes you think in 5 years 'property value will have increased quite a bit'?

Value has gone up a great deal since 2012 and seems to be continuing to rise. I read a few articles like this:
http://www.irishexaminer.com/ireland/rise-in-house-prices-to-bring-levels-close-to-2007-peak-325068.html

Humour Me wrote: »

Hopefully in 5 years time, a lot more houses will have been build, reducing the pressure on supply and lowering prices.

Why are you selling? Are you looking to move, is it an investment property? What difference does 5 years make to you?

I got this business project that I need to invest in now otherwise I lose what might be a brilliant opportunity. So 5 years makes an enormous difference to me, every month right now is crucial.

Rew

BogMonkey wrote: »

Value has gone up a great deal since 2012 and seems to be continuing to rise. I read a few articles like this:
http://www.irishexaminer.com/ireland/rise-in-house-prices-to-bring-levels-close-to-2007-peak-325068.html

House prices crashed in 2008 so of course they are higher now then 2012

bmwguy

Weigh up your expected return from investing in the business opportunity v the expected rise you think will happen to your property. Whichever is highest is the choice for you if it's purely financial.

Nobody knows if prices will rise, fall or crash again for sure you just have to take a gamble

Water John

I'm always willing to look at a business opportunity and take a certain amount of risk. If you evaluate the business and decide to do it, you sell the house.
If you don't, deciding to sell the house is a different decision. Your looking at the opportunity cost. If you sell, what will you do with the money? How much tax will you pay on the transaction etc.

Del2005

BogMonkey wrote: »

Value has gone up a great deal since 2012 and seems to be continuing to rise. I read a few articles like this:
http://www.irishexaminer.com/ireland/rise-in-house-prices-to-bring-levels-close-to-2007-peak-325068.html


I got this business project that I need to invest in now otherwise I lose what might be a brilliant opportunity. So 5 years makes an enormous difference to me, every month right now is crucial.

Dublin prices are reaching the upper limit and other cities are getting close due to the central bank mortgage rules. Rural houses can rise a bit more but few people want to live there so won't.

If you need money now then you'll definitely get a quick sale in Dublin and the other large cities. The price might increase hugely in the next few years, but there could be no buyers. If anyone knew what the market will be like in 5 years we wouldn't have such cyclical swings between bull and bear markets.

L1011

BogMonkey wrote: »

Value has gone up a great deal since 2012 and seems to be continuing to rise. I read a few articles like this:
http://www.irishexaminer.com/ireland/rise-in-house-prices-to-bring-levels-close-to-2007-peak-325068.html

Homer Simpson "pumpkins will keep rising through November" logic in use there.

Past performance != future performance. Right now Brexit could result in prices rocketing as finance and other EU regulation requiring jobs (the European Medicines Agency has told staff they can move with their jobs or take redundancy) look for English speaking EU locations; or result in them collapsing as the economy tanks due to limited access to a major trading partner. Either is very possible.

riclad

No one knows what will happen,
theres changes in euro,sterling value.
Some british companys are thinking offices to moving to dublin,or france,holland
we are in the eu , we speak english .
We trade a lot with the uk.
is the house in dublin or in a rural area .
if house is in longford it may not make much difference .
at least to house prices outside dublin.

_Kaiser_

This thread sounds like something from 2005-2006... after all that's happened since, have we not learned at this stage that property speculation actually isn't a Win-Win game?

Sad Professor

_Kaiser_ wrote: »

This thread sounds like something from 2005-2006... after all that's happened since, have we not learned at this stage that property speculation actually isn't a Win-Win game?

I think the only thing that was learned is there are booms and busts. And since we just had a bust, the next one must be years/decades away and there's miles of gravy to be had in-between.

Claw Hammer

BogMonkey wrote: »

In 5 years or so, property value will have increased quite a bit, so thats a very good reason to wait a few years before selling.

Are there any advantages to selling sooner rather than later, such as a greater abundance of buyers for example?

You can only sell it to one person, no matter when you sell.

L1011

Sad Professor wrote: »

I think the only thing that was learned is there are booms and busts. And since we just had a bust, the next one must be years/decades away and there's miles of gravy to be had in-between.

No, it mustn't. The UK entered a manufacturing recession prior to Brexit and will likely be in a full-on recession within months; we could easily follow.

athtrasna

Mod note

Yet another reminder that this is accommodation and property. If you want to discuss Brexit and world economies this is not the place. Thanks