Thread: How much should resale value affect buying decision?

Resale value should be important but it will be hard to predict the future. The value may go up a little, or may go up alot. It could even go down or never change. You need to consult with a local REALTOR to help you with insight into you local market.

Originally Posted by wizard

How much should resale value factor in your decision to BUY an apt? I am a little torn between taking advantage of the tax credit this year and the RE market situation (should buy), and the fact that I was told by someone the apt I have my eyes on may not sell easily in a few years when I probably want to sell it (should wait until when I have more money to buy a better and larger apt. that has better resale value).

Thanks in advance for sharing your opinions (I know opinions vary).

"someone" always has an opinion and it is usually a negative one. We can not help you because we do not know why this particular apt would be less desirable than others.

One thing you can do is find out if other similar units are selling. If they are selling now then they should sell in the future unless there is going to be some change that would impact the apt you are looking at..

Future resale is always an important factor to consider but don't base your decision on an opinion. Do your research.

i would like to add a few points, maybe that will help.

1- dont' plan for the future, you are buying an investment both financially and time vise - make sure you get a positive return on it every month.

2- Profit should be in holding the investment not in a future expected event such as a sale.

3- you should look at a minimum of 10% a year return on investment , think investing, and not speculation.

Resale value one of most important aspect and affects a lot in buying decision and depends on how long want to keep property but yes ReSale value most valuable factor.

Originally Posted by GovGuy

i would like to add a few points, maybe that will help.

1- dont' plan for the future, you are buying an investment both financially and time vise - make sure you get a positive return on it every month.

2- Profit should be in holding the investment not in a future expected event such as a sale.

3- you should look at a minimum of 10% a year return on investment , think investing, and not speculation.

Non of this should matter to someone looking to buy a home to live in.

There are lots of factors which affects the future value of a property can't list them all but the biggest factor is the current market situation and the other most important factor is the location of the property if location is continuously developing then prices will never go down might come slight change.