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Should I sell to gain?

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  • Should I sell to gain?

    I bought a property in August 2007 and am currently tied into a fixed rate mortgage. My property is currently worth around £200k with approx £60k equity. I'm thinking of selling already but estimate this will cost around £7k in all, taking into account the early repayment penalty that would apply plus other fees. Regardless, I'm wondering whether its worth selling in order to retain as much as possible of the equity so that I'll be in a better position in 2 or 3 years. I can easily afford the repayments but I'm thinking saving the equity could knock years off any future mortgage, or I maybe able to purchase something bigger of similar value. Any thoughts?

  • #2
    I'm curious - in what way would you be in a better position in 2 or 3 years?

    2 or 3 years as you are means 2 or 3 years paid off on your mortgage.

    If you're expecting to be able to sit around and buy into a property crash - that's a hell of a gamble.

    For perspectve, the stock markets have recently popped a bubble also. What would stop you from selling your home to speculate on the stock markets?

    If aversion to risk comes up, that's precisely what you're overlooking in this scenario - the associated risk.

    2c.

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    • #3
      Originally posted by brian View Post
      I'm curious - in what way would you be in a better position in 2 or 3 years?

      2 or 3 years as you are means 2 or 3 years paid off on your mortgage.

      If you're expecting to be able to sit around and buy into a property crash - that's a hell of a gamble.

      For perspective, the stock markets have recently popped a bubble also for a stock broker. What would stop you from selling your home to speculate on the stock markets?

      If aversion to risk comes up, that's precisely what you're overlooking in this scenario - the associated risk.

      2c.
      I agree. You will not be able to be in a better position after 2 or 3 years. You need to see the value of the mortgage at different timelines. This will help you get an idea of what magnitude with which you can gamble.

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      • #4
        It depends on your financial goals. If you are into intraday trading, yes you should sell to gain. However, if you are a long-term investor who has incurred losses and you do not see any scope profits in the future, I would recommend you sell the stocks to avoid any further damage. It is advisable to avail intraday trading tips at every phase of your trading journey
        Intraday exchanging markers join volumes and costs to get a solid wellspring of data on the possible bearing of the stock price

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