Business
To Sell, or Not To Sell, That is the Question... I met with a few friends this week. It was a bit of an advice gathering, a meeting of the minds of sorts. They've owned a property for some time and were contemplating a sale. One of the primary objectives was just to relieve themselves of all of the general maintenance and the burden of being a landlord. The fact pattern made a lot of sense – they'd gleaned great benefits from this property over the years, and they were ready to pivot. Then the non-sequitur, "I don't know... with everything going on with the stock market lately, maybe we should just put this decision on hold for a bit." Say What!? The "stock market?" The tax impact should be a factor to consider. How this impacts their estate plan should be weighed and pondered. Finding the right buyer at the right price should be a priority. But the not the "stock market?" The current real estate market has strong demand and what seems to be lighter than normal supply. These dynamics create bidding wars, and sellers benefit from some historical record-breaking sale prices. BUT the TV screens are flashing red, and the anchors are talking about a struggling stock market in 2022. All of this with not even a month in the record books yet. Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com