What are you waiting for? Inherent in ownership of real estate—a house, condominium unit, second home, investment property - is the reality that eventually it will be sold. Since there is no expiry date or "best before" restriction on real estate ownership, knowing when to sell can be a significant challenge for . Do you recognize your ownership style in any of those mentioned below?
Real estate investors use property comparison and number crunching to arrive at the ideal "when to sell" and reinvest their funds for maximum returns. Residential owners could do this too, but usually don't.
Recreational properties like cottages and ski chalets are often dispassionately sold when ownership is no longer practical and costs outweigh time used and benefits gained. Although similar realities may be true for residential real estate, emotional ties and community connections can overshadow practical issues.
Residential owners can make enlightened financial decisions or respond to lifestyle or work changes that dictate a move,
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