Ugoigo, Home Owner in Rosemead, CA

I own a 3 unit property in Rosemead and am wondering if I should hold onto it or sell it at a loss. Will the market pick up in this area?

Asked by Ugoigo, Rosemead, CA Tue Jul 24, 2012

Help the community by answering this question:


Yes, it will and already is picking up. Hopefully you are in positive cash flow right now. I can evaluate your property with an address and email you within hours. If you are to far upside down it will take another 7 years give or take to catch up if you have bought that property in the last 6 years. There is no cost or obligation to have myself or whomever to get you the market analysis to make an informed decision.
Sheryl Arndt, Broker
DRE# 01440252
NMLS# 297251
0 votes Thank Flag Link Wed Sep 12, 2012
Dear Ugoigo,
Well, the question would be, do you have to sell this property at a loss now? Can you wait to see how the market balances in the near future? Economists do predict that we are now in a recovery, but it will take time and it will be slow. It all depends upon you and your personal situation.
0 votes Thank Flag Link Sat Aug 4, 2012
The answer to this depends on your personal situation.
Is the property paying for itself right now or are you having to continue to take out of pocket to fulfill financial obligation?
If the property is paying for itself, then I would recommend keeping it.
However, again it depends on your personal situation. You may actually be able to benefit from a loss.
0 votes Thank Flag Link Sat Aug 4, 2012
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