I can look up info for you and do the comps and see what would be a fair price to price this property at?
This will let you determine what you may be able to "walk away" with.
Real Estate Network Group
2601 Airport Drive #120
Torrance, Ca 90505
Need to sell or buy? Just call Shy!
Here's my opinion. I would only say to sell if you were going to invest in a bigger place to live. Perhaps a house, apt building etc or ?? something else. Now is the time to make that move if, and take your profit. There is nothing EVER wrong with taking profit off the table. If you do it right, you can do a 1031 tax exchange, and not pay any taxes on your deal. In th elong run you just keep rolling your profit on your properties into the next. Therefore avoiding any tax penalties.This is one of the basic principles of being sucessful in real estate
Call me anytime and lets discuss your options!
Best of luck to you!
I would sell. I would be happy to go over everything with you as well as answer whatever questions specifically you may have. I have sold more units in this building than any other agent in Los Angeles. I have just sold units #503 and #614. I can give you additional info regarding the building, trends, etc, for the neighborhood. This is info that most agents do not know or have because they have not worked this building or neighborhood often. I have. I have personally consulted Linear City, (Yuval and Paul) and would be pleased to do the same for you. Please contact me. I can guide you in the right direction, stressfree and without obligation. Thank you. Hope to hear from you.
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills East
9388 Santa Monica Blvd, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-273-0670 fax ATT: RJ
RichardKas@gmail.com - http://www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
Again, ONLY if you're planning on upgrading does this scenario and option to sell NOW kick into place.
Call me for more details...I'll run the numbers on a mock situation and allow you to compare.
Keller Williams Realty
If you want a personal consultation, call anytime.
#1 Listing and Selling Agent
I assume you are thinking of another residential property as an investment? It's hard to say if the Real Estate market will drop more, as some economists feel prices have stabilized now, and that we are in a recovery phase.
If you could take the profits and invest in a larger property in a High Demand area, that might be somthing to consider. Some areas hold their value,.better then others.