People often disregard the option of venturing into investment property as an asset-builder based on assumptions that investors are mostly subscribed to the habit of buying properties.

There’s no doubt that investment property is a capital-intensive and high-risk venture mostly associated with buying and renting instead of selling.

As such, a lot of dedicated and successful property investors earn substantially out of property investments especially those with assets operating in great locations, and with good amenities and features.

However, what if a real estate agent approaches you on behalf of a client expressing interest in purchasing your property with a good and tempting offer, will you be ready to let go?

Hold on, not just yet

While considering an offer to sell may sound rational and practical, remember that it is a different concept from buying that needs your serious attention.

Of course, you are the one who gets to ultimately decide if you want to sell or not, however, it would be prudent and wise to think things through and not just strike while the iron is hot.

While it is generally ideal to take such an offer when you have one or more investment properties and have good experience managing and operating your property assets, especially when it is something you are willing and prepared to let go of without regrets in the long run.

If you are looking to sell your investment property by yourself, you can never always be sure of the outcome of the sale.

With the assistance of a reliable and experienced real estate agent, you can be confident and feel assured that your sale is in the hands of someone who knows what to do best.

So, before taking the plunge, ask yourself these key questions and determine the preparedness of selling your property and letting go.

Is it going to be the best decision?

This is not much of a problem for those who have made a final decision to sell their property, because they have already come to terms with letting go.

However, this proposition becomes a daunting one for those who get an immediate offer to sell their investment property and have not made up their minds about it or have considered even selling their property.

Remember that any motivation to sell would surely be an indicator and define your choices whether you can live with the decision to sell should you make it.

Generally, the decision to sell is surely hard to make, especially for those with sentimental attachments, which can sometimes be over and above any capital or monetary gain.

The best approach to this is to assess how you could stand to benefit from selling your investment property.

Are you planning to generate capital for another investment venture? Are you hoping to strike while the iron is still hot? Or are you pressured or burned out from managing your assets and want to hand them over to another owner?

These are just some of the questions you should consider when faced with an opportunity to let go of your investment property, especially when you realise when it is becoming more of a liability and burden than a valuable and profitable asset.

When you start to weigh in your options and your decision to sell starts to make good sense and feel comfortable doing so, then go ahead.

Are you dead-set on selling it?

Not every plan or decision to sell always ends up as expected, especially when you want it sold right away or for your fixed non-negotiable price. Surprisingly, there are a lot of reasons that influence buyers to pass up a sale and should be something that you need to accept should it occur.

Make that a factor to consider when you get to the point of whether you have to sell or not.

But good news, controllable factors such as property features, amenities, tenancy status, and administrative concerns, can be easily anticipated and addressed before putting up your investment for sale to increase its chances of getting sold.

Dealing with separation anxiety

Relinquishing control of the selling details and contract is usually best left to the real estate agent where it is necessary to hand over control of the selling details to them.

Being confident and trusting your real estate agent to sell your property takes the stress out, as long as you allow your agent to carry on with their work relative to their expertise and experience- this is the point where you let go of control of the possible outcome of the sale.

Always play safe and make sure you hire an experienced and reputable real estate agent so you can be confident that your property is in the hands of someone with your best interest in mind.

Resist the temptation to micromanage every aspect of the sale while it is still being listed in the market.

As a buyer, would you choose to purchase the property?

Staging or open house is a crucial element if you want to showcase your investment property. This means that you may need to invest in some minor repairs, renovations or modifications, if needed, to give the property the appeal it needs and add more value to the property.

It does not have to be a sizable investment, just enough to ensure that you have all the basics covered and ensure potential buyers that they get a good value out of the sale.