I'm Greedy, When should I sell?

[Bruce L.]

Yes, it's true, I'm Greedy, and want more money! :)

There has been many discussions here on BP about cashflow vs appreciation. Most of us would agree that cashflow will not lead you on the path of wealth. For me, I want both, as I cannot afford to go negative for years on just speculating.

That said, when is the right time to sell?
- Anyone have a formula? like if prices go up 100%?
- Gut feeling based on your research and analysis?
- When it's a seller's market?
- When prices go up then it flatten out?
- When major current event happen that may affect the market?
ie. if government decides not to allow mortgage tax deductions?

It's hard to resist the urge to hold out for more money, especially when prices start to climb like they are doing in my market.