We are in our seventies, eighties, or nineties-should we sell?

Considering your options as a long-time property owner

A common scenario: A couple in their seventies, eighties, or nineties may have owned their property for many years. Perhaps they once ran their business from the property.

Now, their tenant might be moving on. They don’t want to be left with an empty building, having to pay the rates and insurance with no income. Maybe the roof, lifts, or air-conditioning system is nearing the end of its life and will soon need to be replaced. While their building may not be earthquake-prone, there’s always the possibility that future regulations could require strengthening.

It’s also possible their children live out of town or have no interest in managing the property.

Should you sell now or wait?

Now might be the right time to sell—or it might be better to wait a while. Give me a call, and we can sit down and talk it through.

Exploring Your options

At this stage in life, you may find there’s an investment option offering the same or even a higher return, without the management hassles. With a payout every month, you won’t have to worry about paying rates and insurance if your tenant moves out. You’ve worked hard and taken risks—now’s the time to enjoy peace of mind.