DANGERS OF TRIGGER HAPPY SELLING
While it can be tempting to sell after the market has gone up, you may end up selling yourself short.
INVESTOR PULLED THE TRIGGER AND SOLD
One of our clients purchased a house in Mount Druitt back in 2011 for $205,000.
After the value of the house went up to $330,000, the client decided to sell.
They had made $125,000 and were very happy with the deal.
BUT THEY LOST IN THE LONG RUN
Turns out the market hadn’t stopped climbing – in 2017, the same property was worth between $550,000 and $600,000.
If the client hadn’t sold, they would have made around $350,000 to $400,000 in just six years.
Turns out they lost more by selling than they would have made by holding.
DON’T BE TRIGGER HAPPY
It can be hard to predict market trends – which is where having the right team around you can help.
But, even this won’t help you if you aren’t willing to listen to their advice.
Have you lost money by selling too soon? Please share your experiences in the comments section below.