Exit strategy
Hold period, refi, and disposition.
When to sell vs recapitalize.
Plan exit cap rate sensitivity before acquisition — insurance and tax shocks at sale can erase paper gains. Model exit at +50 and +100 basis points on cap rate to stress refi and sale decisions.
Disposition timing
Seasonal listing timing affects sale price on luxury rentals and waterfront condos — owner-occupier demand often peaks Q1 in South Florida. Investment condos compete with new developer inventory at delivery.
1031 and portfolio exits
Portfolio sales require coordinated QI timelines across multiple relinquished assets. Identify replacement pipeline before the first listing goes live.
Refinance versus sale
Rising insurance and tax bills can make refi cash-out unattractive even when appreciation looks strong on paper. Model refi proceeds net of closing costs and new premium before you extend hold period.
Buyer pool at exit
Investor condos compete with new developer inventory at delivery — owner-occupier buyers may prefer new wind-code product. Time dispositions when owner-occupier demand peaks if your asset permits.
Exit planning
- Target hold period and IRR defined upfront
- Exit cap sensitivity modeled
- Transfer taxes and commission in net proceeds
- 1031 replacement identified if applicable
- Seasonal listing timing considered