During his 40 or so years in real estate, Bill Davies has gained a national reputation as an innovator and pioneer in real estate consulting, real estate exchanging, single-agency brokerage, and customized financing approaches to helping people... Read More » Dawna Davies - Owner/Broker Dawna Davies owned her first property at 10 years old and paid her own way through college with results of her real estate investment plan. Having signed over 4,000 closed sales, purchases and leases in her real estate caree
1. Evaluate your desire/need to own this property 1, 5, and 10 years from now. If there are more benefits to keeping the property (income, tax benefits, etc.), do not plan to sell. Perhaps there are changes to make to rents/repairs/tenants that will make it work for you for longer.
2. Talk to knowledgeable real estate broker about market value, closing costs, possible net proceeds from sale, and market timing. More planning will make for better decisions and less drastic decisions.