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FatCat article discussion - Property: buy or sell first?
By Gillian Bullock
In a falling property market should you buy first or sell first? The logic would say that selling first is the way to go as you get the higher price and then buy at a lower price. But unless you synchronise these transactions or organise an extended settlement period you could find yourself renting. Read full article here
In a falling property market should you buy first or sell first? The logic would say that selling first is the way to go as you get the higher price and then buy at a lower price. But unless you synchronise these transactions or organise an extended settlement period you could find yourself renting. Read full article here
Tags: articles, fatcat, property
Views: 1
Replies to This Discussion
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Permalink Reply by Bandwidth on -
Another thing to look at when there is potential for capital gain is lowering income in the capital gain year.
The savings in capital gain could fund some other venture/desire
If both parties work and the wife takes a year maternity break.
A year full time education.
Semi retirement
If there are other investments paying interest in advance, then keep doing this until there is a break in income eg semi-retirement education etc.
Salary sacrifice into super
Take a margin loan and pay the interest in advance.
As capital gains is influenced by taxable income, reducing the income in that year could be advantagous.
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Permalink Reply by Bandwidth on
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Another opportunity is to sell to another party with a lease back clause. This will free up the capital, while still living in the family residence.
Then if another property is purchased before the lease expires the only costs are lease break based. This is normally covering rent until a new tenant is found.
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