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. Now, 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 investment business. Otherwise, the market fluctuations may be the controlling factor in your decision.
We will explore how to know if you should sell your investment property in Charleston.
Location
Are sales hot or just beginning to pick up in the neighborhood? The current demand for the area is one way to know if you should sell your investment property in Charleston. When a community is up and coming, you can focus on the features that are now drawing buyers to the area and show buyers the signs of new life coming into the neighborhood. On the other hand, if the site is on the decline, with crime statistics rising, it may be time to exit while you can still realize a decent profit and cut your losses.
Income
The ROI is another way to know if you should sell your investment property in Charleston. If it isn’t performing, selling makes sense. Experienced pros like direct buyers at D Gilpin Properties can help you run the numbers to determine if there is a better use for your funds elsewhere. At D Gilpin Properties, we will outline what you would earn from a conventional sale on the market vs. a direct sale and give you the information you need to decide what is best for you.
Financial Motivations
Would selling the property 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 investment property in Charleston. In addition, an expert investor like the direct buyers at D Gilpin Properties can buy your property directly and then help you locate a property for your like-kind exchange.
Personal Motivations
If personal reasons or a sudden financial emergency is forcing you to sell off your holding, this is one way to know that you should sell your investment property in Charleston. Now, suppose time is suddenly of the essence. In that case, a sale to a direct buyer like those at D Gilpin Properties could be just the solution you are seeking because we have the backing of cash, your guaranteed closing can be in a matter of a few weeks, or we’ll wait if you aren’t quite ready, just set your date. Moreover, because D Gilpin Properties buys houses in as-is condition, you’ll save time, money, and effort by skipping the prepping, listing, and showing process altogether.
D Gilpin Properties
A direct buyer from D Gilpin Properties can help you sort through all of the factors to help you understand whether or not you should sell your investment property in Charleston 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 Charleston. If you decide to sell directly to D Gilpin Properties, we 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. At D Gilpin Properties, we are your neighbors who live and work here in Charleston. The direct buyers at D Gilpin Properties are happy to answer any questions you have with no obligation. Contact D Gilpin Properties at 843-994-3200.