Purchasing any form of real estate is a large investment that shouldn’t be taken lightly. An exit plan should always be easily accessible in order to obtain capital gain from the property. However, before you decide to sell your property in the near future, consider a few key facts beforehand. One of the main points to consider is how well the property is currently doing. If it is maintaining its rental value, maybe now is not the correct time to sell.
Key Takeaways:
- Be sure that you analyze how your property is doing. If it is still making capital gain, maybe hang onto it.
- If a property is starting to become costly in repairs and other renovations, it may be time to let go.
- When purchasing property you should always have a profitable exit plan to sell.
“Selling property too quickly can easily lose you money. I laugh at the supposed profits touted on some of the property programmes on UK television. People buy properties at auction, then refurbish them and sell them for a big profit. Yeah, right.”
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