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Q.

Is it Better to Keep Property or Sell it?

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23 days

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Hey there. To decide whether is it better to keep property or sell it depends a lot on your house and the market situation. There is no straight answer to this as your needs and financial goals will be able to help you answer this. I will take two scenarios where you will be able to understand when it is better to keep a property and when it will be ideal to sell.

When to Keep Property and when to Sell it?

Here are pointers to figure whether to keep or sell your property:

When to Keep Your Property

  1. You should keep your property if the market condition is appreciating and holding on could yield higher returns.

  2. If you are not in need of urgent cash flow, keeping the property can be the wiser option.

  3. Keeping your property can be a good option if you are getting a good rental income, with the rental yield set to increase in the future.

  4. If you don’t have any immediate answers to how you will use the money, where it can be invested and all, keeping the property for now would be the right call.

When to Sell Your Property

  1. If you are in need of a large sum of money for other investments or needs, selling the property can be an option.

  2. If your property is seeing a lower rental yield and market trends suggest that selling now and locking your profits is the best option, go for selling the place.

  3. You should sell the house if plans are already in place to reinvest the proceeds in other high performing assets.

To sum it up, the decision depends on your financial situation, needs and the market state. So, analyse everything carefully and then make a decision.

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