If you have an investment property, you know the real estate market has been steadily moving up the last few years. This has been due to several factors related to policy, COVID, interest rates, money printing, and more! So, should you sell your investment property NOW? It’s a tough question to answer. But we will attempt to help you determine if you should sell your investment property in Greenville.
While you watch the market fluctuate and consider any adjustments that may be necessary for your real estate portfolio, it can be challenging to know if the timing is right to exit a holding. If you’ve selected sound investments, you are likely in a position where you can hold the property or sell, depending on what is best for the growth of your portfolio. Otherwise, the market fluctuations may be the controlling factor in your decision.
Location, Location, Location
Greenville, SC is a great market for real estate. The current demand in the area of your investment property is one way to know if you should sell or hold. The difficulty is deciding when to cash out. With the markets doing as well as they are right now, it could be a good time to sell at a premium.
What’s Your Income On The Property?
Is your property cash flow positive? The ROI is great way to know if you should sell your property in Greenville. If it isn’t performing, selling could make sense. But you won’t get a great price when you sell. Ideally, you would renovate, increase the rents, and then sell. But that would be a lot of time, money, and work.
Financial Motivations
Would selling allow you to make a move on a better opportunity taking advantage of the 1031 tax-deferred exchange? Knowing you can create a better return on your investment is a good way for an investor like you to decide if you should sell your current property while looking for another investment.
Personal Motivations
Obviously, personal reasons or a sudden financial emergency could be forcing you to sell off your holding. If time is suddenly of the essence, we can get you cash fast. You can sell your property as-is in a matter of days and get cash for it.
Chris Gavre
I would love to help you sort through all of the factors to help you understand whether or not you should sell right now.
If investing in another property is the next step in your investment strategy, don’t forget to ask about our current inventory of the best investment properties available in Greenville.
If you decide to sell directly to me, I want you to feel good about the deal long after the closing, and that is why we make an offer that you will agree is fair. I live and workin in Greenville, SC so feel free to reach out and let’s meet up and talk through your situation. I love meeting other real estate investors in the area! You can contact me at 864-387-4478.
