Should You Sell Your House During the World War Period?

What will happen if the war is real? Do you think about saving yourself, loved ones, and valuable properties? When this thought come to mind, should you sell your house during world war?

First off, take a breath and not to worry about the properties. Here’s what you should know about housing and property during the world war.

People Should Pay the Mortgage During the War

If you wonder what happens to mortgages during a world war, here is the answer. When war really happens in the country where you live, male citizens aged 18-40 should be enlisted in national service.

Even homeowners should serve the country, leaving the job doesn’t mean the mortgage repayment stops. In other words, they should pay the loan every single month. However, there is the possibility by which the government will help the citizens to pay home loans while they are away.

With all possibility might come with, is world war a good time to sell house?

What to understand about properties and home loans is that no mortgage insurance product offers protection coverage for acts of war. You should pay for the loan even if a property is uninhabitable after a bombing raid.

So, if you have the doubt should you sell your house during world war or not, renting a home seems wiser than property ownership in wartime.

Does Land Price Come as Better Investment Choice?

Should you sell your house during world war? Home selling is a big decision that impacts on financial conditions. Thus, you can’t make the decision in a hurry.

Whether it’s good or bad to sell a home during wartime, will you not consider choosing a land as an investment rather than property?

Many people agree that property comes as a safe investment. Unfortunately, it doesn’t work as well as you expect during the war. Is world war a good time to sell house?

Do you know? The price of property gets influenced by the stock market’s performance. Which means the stock exchange dropped during world war II to the lowest one in February 1942.

Assets in Wartime

Aside from asking what happens to mortgages during a world war, it’s good to know about assets in wartime. Simply talk, it’s important to know which is good or bad for you to own in war.

1. Gold

Talking about gold, you can forget about whether should you sell your house during world war or. However, property isn’t the only investment and asset people choose and own.

If you have gold, will you sell it during the war? Gold selling comes with a few problem possibilities.

First, the seller should find a real buyer or black market dealer to sell their gold. It’s dangerous for the seller. Second, as the seller, you must accept the discount from the true gold market value. Why so? It happens because there’s no open market.

2. Cash

Thinking about having cash means you should think about how it gets affected by inflation, especially in war. If so, is world war a good time to sell house? With cash in wartime, you may attract crimes like robbers and thieves.

Let’s figure this out! For instance, you have a property in a war country and manage to cash out in time. Unfortunately, it doesn’t come as a good idea to transfer money in a large amount to another country.

Why so? Think about the exchange controls and taxes. Don’t forget to consider what happens to mortgages during a world war whenever you have a plan to choose a property as an investment while you live in a war country.

Linda Peltz, eXp Realty
DRE 01997670
559-353-4556
[email protected]