Tag: andy mayr

Timing a Sale or Purchase of Real Estate

Market Insight

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Many property owners ask themselves is “When is the right time to sell?” or “When do I go from leasing to owning?”

In regards to selling, there are many reasons for selling a property, some of which include:

  • taking gains knowing the market is near its peak
  • tax/estate reasons
  • personal, family or health reasons
  • choosing a different area/market
  • switching to a different type of property
  • acquiring something less management intensive
  • leveraging proceeds into a larger or multiple properties
  • cashing-out and hold for a down market
  • cashing-out and spending the money during retirement years

You, or possibly your accountant, would know best time to sell.  If you are just selling to play the real estate market and building wealth via appreciation/sweat equity, you need to time the market.  There are historical cycles in real estate, though there is no magic formula to use for timing.  Even the gurus sometimes get it wrong.  Currently we are in the up-swing.

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