Start With the Hold Case
If the building is held, what happens to rents, expenses, insurance, debt, repairs, and management burden? The hold case should be realistic, not just optimistic.
Compare Buyer Demand
Buyer demand changes by submarket and asset condition. A clean, well-located building can attract capital even when headlines are negative. A complicated building may need a more careful strategy.
Bring Advisors in Early
Tax, estate, legal, and financing issues can change the decision. This is general information only. Owners should consult their CPA, tax advisor, attorney, and lender for guidance specific to their situation.