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Andrew Winter

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Selling an investment property 

Our 2 bed, 1 bath villa has been on the market for 13 months. It is recently painted etc and although it's a bit bland with no artwork on the walls, the tenants keep it clean tidy. We had a few investors early on who complained we weren't charging enough rent but I feel that is something they could rectify should they purchase, the current rent more than covers our costs and I'd prefer tenants to having it empty. Can you give us any pointers? Link provided. https://m.domain.com.au/listing/2012092234?sp=6&adtype=standard

Answered Monday 15 August 2016

Tenanted properties are always a challenge yes. If you really NEED to sell and want top dollar, you need to bite the bullet and wait until it is vacant, it will open up the market and stage the home for sale and maybe get new written rental values as the home will be looking better. OR you stay as you are with the lower rent and the house may sell, but you most likely will have to drop the price to entice as no one is interest now at the current level. You need to do your sums carefully on this.

Property Expert

Andrew Winter

Andrew Winter is a residential property expert and Lifestyle’s multiple award-winning television host.

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