Written by Reginald Chan on September 6, 2020

When's the Right Time to Sell Your Assets?

There may come a time in life where you may think of changing things up a little bit or you just fancy doing something different. You may have built a solid base where you are and put years of work into a certain career. It’s ok to want change throughout our lives but before we can do so, we need to think about some finer details first. We need to take into consideration everything we have around us, do you have a car and if so would you like to take it with you? What about your home? Businesses? Any stocks and shares you want to sell to get some money beforehand? We need to look at our assets and assets when the best time to sell is. Here we take a look at the best time to sell. 

Stocks & Shares

First of all, let’s take a look at stocks & shares. If you’re in the market and understand this then it’s going to be easier for you to find a good time to sell. The professionals from NetPicks explain that you should be looking into every option you have, including call options, before deciding on anything. Call options are essentially contracts that allow a buyer to purchase shares of an asset prior to the stated time in the future that has a specific price. Selling stocks and shares at the right time is essential for making any kind of money, selling at the wrong time can leave you out of pocket by quite a dramatic amount. This is why it’s important to look at the market and how it’s doing before selling anything at all. 

The market can take a turn overnight so if you’re planning on selling then and there to make a decent profit then that’s what you should do. The market can see a crash within seconds so if you’re looking to sell and everything is in order, it’s best to do it then. If you can hold onto your stocks & shares and still make the transition into your new life then it’s always an option. Having a nest egg set up in the market is a good thing to have. 

Real Estate

It’s always tricky thinking about real estate and when it is going to be good to sell. The housing market is near enough always affected by the economy and some other attributing factors. If the housing market is good and people are looking to buy then you’re in luck. You’ll probably get the asking price for your home and be able to move into somewhere better elsewhere. There are on occasions times when people just aren’t looking to buy and in that economic market, it’s going to be difficult to get rid of your house. 

The time of year is also something you need to be looking at when selling your house. The season you are in will often dramatically change as people want to move in. It can also be put up against the time when schools are starting. So if you live in an area with a brilliant school or are very close to a college or university then the chances are people are going to want to move in close to the time when semester starts. In a similar instance, it’s less likely for someone to move in winter than they are in the springtime. Choose your time carefully. 

To maximise your chance of getting as much profit out of your home as possible, look at both of these factors and decide then if you want to sell or not. In the meantime, you can spend a few weeks doing up your home to ensure it’s going to be the most wanted on the block. A nice-looking, clean, modern home is going to sell much quicker than a run-down dirty one. 

Selling Your Business 

This is always a difficult decision to make, especially if you’ve been the one to start and run the company up until now. Emotional decision often clouds logical judgment so it’s best to try and take a step back to look at the entire picture. Get help from those around you and even a professional if you believe it’s going to be helpful. The question is, though, when is the best time to sell your business?

Firstly, your business has to be successful for it to even be remotely attractive to any potential buyers. It may seem difficult, but selling when your business is doing well is going to be more beneficial than if you sell when it’s plodding along at ground level. The aim of the game is to get the best possible price for it, selling when at a peak level of performance is where you should be looking at selling. Any later and it isn’t going to be worth half as much. 

If you’ve had a great run and are concerned that your business has reached its peak then there isn’t a huge cause for concern just yet. There are options for you to turn things around and still make a decent amount of money from it. Shifting your business model to other ventures whilst maintaining its core values is a brilliant way to show potential buyers that there is still money to be made inside the company. Investing in new ventures and new ideas is one of the best ways to show potential. Finding any way to show a buyer that there’s still life in the company is important, but in these situations, your window of opportunity is small so act fast before it closes completely. 

Whilst it’s difficult to choose when to sell your assets it’s an important decision so it’s going to require a lot of time and effort to estimate when you’re going to make the most amount of money. Large assets like these three may even require professional help to get you on your way, especially if you want to make the most profit. Anything else will be down to you, any smaller assets such as jewellery or art tend to hold their value if they are genuine. Don’t sell yourself out when selling anything, your hard work and time deserve everything you can get for it.

Article written by Reginald Chan
A meticulous entrepreneur by nature, Reginald is a sought-after success coach, digital marketing consultant and TEDx speaker from Asia. Currently, he teaches others how to make money online for free.

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