Comments on: How long should I hold on to a condo before I sell it? http://www.rubi925.com/luxury-condos-for-sale/how-long-should-i-hold-on-to-a-condo-before-i-sell-it Wed, 14 Jul 2010 22:39:46 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: city girl http://www.rubi925.com/luxury-condos-for-sale/how-long-should-i-hold-on-to-a-condo-before-i-sell-it/comment-page-1#comment-9 city girl Tue, 10 Nov 2009 20:26:59 +0000 http://www.rubi925.com/luxury-condos-for-sale/how-long-should-i-hold-on-to-a-condo-before-i-sell-it#comment-9 You can't place a time on holding. Condo's are the first to drop in price and in most current market there are no decent investments. If the market rises again you probably wish to sell. Give the market a chance to repair, sell it when the market is in an upswing...Don't think to keep a property for a extended time period by gussing the future...10 years to hold real estate to profit is not a good investment unless there of course a market we had over the last 5 years which was not usual....Renting could be good to cover mortgage. If can't collect mortgage you are tying up your funds for nothing.Have an agent rep you on the purchase especially in new developments...The developer will pay. I any questions contact me jessicarussellestates.com good luck<br><b>References : </b><br> You can’t place a time on holding. Condo’s are the first to drop in price and in most current market there are no decent investments. If the market rises again you probably wish to sell. Give the market a chance to repair, sell it when the market is in an upswing…Don’t think to keep a property for a extended time period by gussing the future…10 years to hold real estate to profit is not a good investment unless there of course a market we had over the last 5 years which was not usual….Renting could be good to cover mortgage. If can’t collect mortgage you are tying up your funds for nothing.Have an agent rep you on the purchase especially in new developments…The developer will pay. I any questions contact me jessicarussellestates.com good luck
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]]> By: markeyjunk http://www.rubi925.com/luxury-condos-for-sale/how-long-should-i-hold-on-to-a-condo-before-i-sell-it/comment-page-1#comment-8 markeyjunk Tue, 10 Nov 2009 20:11:59 +0000 http://www.rubi925.com/luxury-condos-for-sale/how-long-should-i-hold-on-to-a-condo-before-i-sell-it#comment-8 There is a rental market for everything. I would not put a time line on a sale. If and when you are ready to move out, you need to look at what it will cost you to continue to own the property. If you are making a decent rate of return and don't need the cash then continue to hold it. Just remember that landlord is a part time job. If you farm the job out to a service, that is additional cost.<br><b>References : </b><br> There is a rental market for everything.
I would not put a time line on a sale.

If and when you are ready to move out, you need to look at what it will cost you to continue to own the property.

If you are making a decent rate of return and don’t need the cash then continue to hold it.
Just remember that landlord is a part time job. If you farm the job out to a service, that is additional cost.
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