The COVID-19 pandemic has slowed down a wide array of both social and business activities. But even with all of the “new normal” social distancing requirements, one area of the economy that has seen a dramatic upswing is home sales.
Many people love their homes – especially if they have lived in the property for a number of years and made it “their own” through various décor and other personal touches. But oftentimes, even though a home is functional and appealing to its residents, it may not necessarily be worth top dollar to a potential buyer when the time comes to sell it.
There comes a time in every real estate investor’s life when they are ready to step away from maintaining rental properties and managing tenants – and ultimately reaping the rewards of the equity in their investment(s).