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3 Signs That It Is Time To Sell Your Property

3 Signs That It Is Time To Sell Your Property

3 Signs That It Is Time To Sell Your Property
(Dreamstime)

You invested in a property in hopes of doubling your money in a short span of time. So far, you have been generating rental income through it, and now you plan to sell it off to invest the money in a new property. While the process is on, when should you be convinced that the right time to sell the property has arrived?

Buyers are queuing up for it

It may seem to you that the world is out home shopping, but when the time to sell your own arises, it might be hard to find takers. This is irrespective of the quality, the age and the worth of the property. But, if you have been lucky enough to get offers right from the start, don't keep waiting for them to get fatter.  Your wait may get quite long if you do not accept the right offer at the right time. However, this is not to say sell off the house as soon as the first offer is made. Say yes only when you get the right value for your property.

Also read: 5 Tips For Sellers When Evaluating Multiple Offers

You have got the right price but hope to earn more

You found a buyer who is quite willing to pay you the amount you quoted, and that has made you wonder. Am I asking for the right value of my property? Should I not be demanding more? So, you turn down the offer in hand in hopes of earning bigger profits. It could so happen that you do get lucky and might be able to find a taker ready to give you an even higher price of your property. However, in hopes of getting more and more, do not lose sight of the fact that there is a limit to which you could stretch the process. You ought to figure out when to stop. Be mindful of the fact that a bird in the hand is worth two in the bush. Sell off the property if you are fully convinced that you have earned the right value.

You have got the right buyer but hesitate for other reasons

Home selling is more of a monetary move but it too has its human sides. Once in a while we will find a buyer who we are sure would take care of our former home the way it deserves to be conserved. But, would it be right to sell your property to this person if he is not able to pay you as much as you would have liked? There is another buyer willing to pay you a bigger amount, but you cannot really convince yourself to sell your property to this one. In case the price difference is only insignificant, it would be better to sell the property to the former. On the other side, someone agreeing to pay a price much bigger than what your property actually deserves might be an attempt to dupe you.

Also read: 8 Lesser-Known Rules Of Real Estate Law That Are Binding On Every Seller

Last Updated: Wed Sep 27 2017

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