With everything that’s been going on in the world in recent months, this may make you pause and wonder what you should be doing with your commercial real estate. If you’re in a good position to weather whatever
storm may still be coming our way economically in the coming months, your best position may be to just sit tight and maybe even keep your eyes open for good investment opportunities. However, if you begin feeling squeezed financially, you may want to sell some real estate to add some liquidity to your position.
No one can predict with certainty where everything will be heading economically for us in the months ahead, but with so many people being out of work, and with restaurants and other companies shutting down, it’s not likely that we’re going to be pulling out of this situation quickly. But still, we need to believe in commercial real estate, and believe in its strength over the long run.
So in keeping this in mind, if you’re considering selling a property right now, or considering selling it at sometime within the coming months or years, would it perhaps be best to sell it right now? Or do you think you’ll be able to get an even better price for the property in 2-3 years down the road? Because if we believe that the economy is going to continue on in getting worse, today’s price may be better than what the price will be 2-3 years from now. But at the same time, if you believe that the economy will be better in 2-3 years, and you have no specific reason to sell right now, then it will be better for you to wait and ride out the storm that we’re currently facing.
Keeping all of this in mind, when it comes to buying, do you believe you can obtain your best pricing right now? Or do you believe that better investment opportunities will be coming your way in the months and years ahead? Because in reality, you just never know when you could be presented that one investment opportunity that is simply too good to pass on, and when that opportunity appears, you’ll definitely want to pull the trigger on it right away.
So the decision to buy, sell, or hold your commercial real estate right now depends in many ways on both how you’re doing financially, and on where you see the economy progressing to within the months and years ahead. Either way, you’ll need to remain informed, up-to-date, and interpret all of the market information correctly, and whenever you believe that I can help you to accomplish this, please give me a call.
