Property Management Blog

Knowing the Right Time to Sell

Terry Mrochko - Thursday, August 22, 2019
Property Management Blog

Knowing the market right now, with fewer listings, high prices, should people buy? The answer is yes. Again know the condition and surge of the market should you sell right now? The answer’s always the right time to sell if you have a desire to sell. Real estate is rising, seeing the market we all can understand this, which means that it’s going to be a tough decision to either sell not to sell.

When the great recession came in 2008, the prices went down as low as they could, not they are up again, even exceeding the levels of past. This makes the market a selling market.  There is circumstantial proof everywhere, which is evidence enough that it is a seller’s market. More and more people are going about asking about properties, whether they are up for sale.

The money is coming back to the real estate market, people are looking for properties to invest in, and this is the reason why you should think about selling your property. This is an excellent opportunity, and you shouldn’t let it slide.

Mix this current flow of money with a low-interest rate, and you have the perfect selling market. However, no one can predict how long is this going to last? Will this keep prevailing? No one can tell you that. So, if you do get the opportunity to sell, grab it before you lose it.

Opportunities Don’t Last Forever Nor Do They Come Very Often:

Losing this great Opportunity and the rising market means that maybe you will get this chance again in the next ten years. Since, this boom came after ten years of waiting. Will it be a smart move to miss this Opportunity? We won’t suggest it. You, should thing about accepting the proposal and sell, if you were thinking of selling in the first place.

Selling is never a natural choice. The cash flow that you have worked so hard to achieve will go back to nil, is that something you want? Do you understand and can take the tax consequences? Who is going to decide whether this is the best time or not? Should you trust the figure and statistics? Or should you wait and make the decision later. No one but you can answer this question.

The Opportunity isn’t Going to Last:

Whether it’s buying or selling, the market doesn’t last for long. With the interest rates as well as other effecting forces will, in a year or two, make the prices go down again. And this will cease the flow of cash that is present in the market. This was the same condition back in 2007. There was money back then but not much to buy. And overnight, the market changed. Very little cash and a lot to buy, such is the real estate market. This is the reason we say, buy and wait, but don’t wait to buy.

This is the time to take the cash out of the market and sell what you can. Soon there will be a lot to sell, but not cash to buy from, and you will be stuck with your property for many years to come. Take advantage of the healthy cash flow has engulfed the market at the moment.

However, if you are in no need to sell, there is no point to anyway. If your property is enjoying a good cash flow, keep it with you. When a property is earning well, it would be bad judgment to put it on the market. To cap it all, this is the best time to sell of you looking to retire.

If you’d like to talk more about property management, or you need help with Everest Property Management, please contact us at Everest Realty. 

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