Selling the Cottage
Selling the Cottage
Many of us in southeastern Ontario spend our summers at the family cottage, making cherished memories.
But nothing lasts forever. Our family situations change and so do our financial goals. There may come a time to sell your family cottage.
I'm Derek Cooper, Senior Investment Advisor with TD Wealth Private Investment Advice here in Kingston.
Despite the great memories, a beloved cottage can become a financial burden. That's why you need to take the emotion out of decision making.
Ask yourself these questions:
- How often are you or family members using the cottage? Have people moved away?
- What are your annual costs for maintenance and property tax? Have these costs grown over the years?
- If you plan to sell, are fond memories making you over value your property? Overpricing may delay a sale and add to your financial burden.
Selling a treasured family property can be stressful. A financial professional can help you develop a strategy that works for you and your family.
If you would like help ensuring you keep the good memories and avoid the bad, call me at 613-549-9008.
Many of us in southeastern Ontario spend our summers at the family cottage, making cherished memories.
But nothing lasts forever. Our family situations change and so do our financial goals. There may come a time to sell your family cottage.
I'm Derek Cooper, Senior Investment Advisor with TD Wealth Private Investment Advice here in Kingston.
Despite the great memories, a beloved cottage can become a financial burden. That's why you need to take the emotion out of decision making.
Ask yourself these questions:
- How often are you or family members using the cottage? Have people moved away?
- What are your annual costs for maintenance and property tax? Have these costs grown over the years?
- If you plan to sell, are fond memories making you over value your property? Overpricing may delay a sale and add to your financial burden.
Selling a treasured family property can be stressful. A financial professional can help you develop a strategy that works for you and your family.
If you would like help ensuring you keep the good memories and avoid the bad, call me at 613-549-9008.