RETECHNOLOGY PREMIUM MARKETPLACE RELATED PRODUCTS | WEBINARS | SPECIAL OFFERS
You are viewing our site as an Agent, Switch Your View:
Agent | Broker Reset Filters to Default Back to List
Due to the ongoing situation with Covid-19, we are offering 3 months free on the agent monthly membership with coupon code: COVID-19A
UNLIMITED ACCESS
With an RE Technology membership you'll be able to view as many articles as you like, from any device that has a valid web browser.
Purchase AccountNOT INTERESTED?
RE Technology lets you freely read 5 pieces of content a Month. If you don't want to purchase an account then you'll be able to read new content again once next month rolls around. In the meantime feel free to continue looking around at what type of content we do publish, you'll be able sign up at any time if you later decide you want to be a member.
Browse the siteARE YOU ALREADY A MEMBER?
Sign into your accountTo Sell, or Not to Sell, That is the Question
June 29 2010
Casey McCann (@CaseyMcCann) recently asked me a question on Twitter, which I want to answer here, because 140 characters and a short answer are just not enough.
“Do you think it works out in the long run to take a loss on one property to get a deal on another? Or should you just sit tight?”
The simple answer, is not so simple – it depends. Why it depends is a bit more difficult to answer, so based on Casey’s question I present a few options on how to deal with this sort of situation. The first question to consider in answering this, for anyone, is first do you have equity in the property, or the second do you need to pay to get out, or do a short sale. The answer varies, and then there are at least two scenarios it can apply to.