Knowing when to sell or hold an asset is a crucial part of investing. With investment property, a number of factors will influence your decision. Here’s what you should consider.
A decision to sell a long-term asset such as a property can sometimes be a challenging decision for an investor, more so for a novice investor.
Every property investor will be confronted with this question at some point in their investment journey. Therefore, knowing when to sell or hold your investment property is essential when building a portfolio.
This could also have been the investor’s former place of residence, which they decided to rent out after moving out.
There are many circumstances and underlying factors that may lead you to consider selling or holding your investment property. The decision should ultimately be based on your current circumstances, investment strategy and what you aim to achieve.