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Sometimes selling isn’t the only option
Tips on selling your home

Sometimes selling isn’t the only option

Terrance J. Godbold | RE/MAX Austin Associates


In this economy many sellers are still upside down with regard to what they owe vs. the value of their home. This begs the question: Why do I want to sell and bring money to the table—in some cases, a lot of money? In fact, there is another option that appears to be far more financially feasible.

Why not find a professional residential property management company to professionally manage the investment. There are several positive aspects to
this scenario:

  1. The property, over time, will appreciate to a point that when sold, the seller could receive money rather than bring money to the table.
  2. Many if not all expenses (management fees, maintenance, etc.) are tax-deductible.
  3. The investment can be depreciated for tax purposes.
  4. Care for the property will be professionally handled.

This is a winning situation for the owner, as over the long run, there will be a profit instead of a loss.

Terrance J. Godbold, MPM, RMP, ARM, GRI
RE/MAX Austin Associates
tgodbold@remax.net
512/732-8388, ext. 113

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