If this is your first purchase, identifying when you will sell is almost as important as identifying when to buy. You will eventually move up in size, price and location. By identifying that exit now, it will be easier to make the decision when the time comes. This is an investment (Financial Decision) as well as a Personal Goal. Do you sell when the value goes up a certain percentage? Do you sell when the price hits a certain number? Speak with your Tax Advisor regarding the minimum time necessary to limit Tax liabilities on your gains
