Do you think selling your property is better than taking loan?

[Crypto Library]

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

In my personal point of view, I will say that taking loan is not that kind of bad things but there is a terms that is where are you using it?
I don't think taking a loan is bad because if you see most of the big industries or businesses take loans to grow them in the initial stage.
But in terms of your friend, he has taken loan only to fulfill his personal wishes and desires which actually has no good side or out come. In this case, the purpose of taking a loan wasn't good at it all, then how I will tell you what  could be better to take a loan or sell his property.   I think there is no need to take a loan if there are all these reasons.
However, emergency situations can be of many types, such as people's physical diseases, I have seen many people selling their properties due to this. In this case, I will take it as the main reason for selling their property, maybe they did not have the ability to repay the loan amount, so maybe they sold it, so I would also say their decision is right. But if such an emergency situation comes to me and I have the ability to repay the loan then I will not sell my property.

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[Ever-young]

which of them is a better option, to sell property or to take a loan?

Well no one prays for bad things to happen but most times their are things which we really don't plan for that do comes our way, and if those unavoidable moment Hits my door step and I have tried every possible means of getting money and yet my efforts seems useless, then I will have to make a choice from your above listed 2 option which will be loanin. I will have to take the option of taking a loan, reason being that I can't afford to sell off my property very cheap as no one will price it high base on the urgency.

I will look for where to get a loan, use any of my property which will worth the loan amount as collateral, then I can place anything which I don't need for the moment on sales  when I get my hands on some good price I will sell it them take the money and pay off the loan I took. And solve my problem, when ever I have enough spare more then I can make a move to recover those things that I have sold out during my crisis.

[ScamViruS]

Sometimes people go through such bad times that they try to solve the problem by selling what they have. If he wants to take a loan and does not have the ability to repay the loan, then the better option is to refrain from taking the loan. Because this bad situation will create more pressure with the loan, which will lead him to worse situation.

Washing machine, refrigerator, these are electronic goods, these do not actually fall under the category of property. If he wants to sell these goods, he has to sell them at a much lower price than the purchase price. So here confusion arose between property and electronic goods. However, I think since he has no savings and would struggle to repay the loan, selling his refrigerator is not a bad move considering his current situation.

[MFahad]

I will not consider taking loan as a good idea as it can be dangerous for us to give that loan back to that person. Selling something that is necessary object of your home is also not good idea because you will hardly buy these things again.

It will be better if you save some amount of money on monthly basis so with passage of time you will save large amount of money which you can invest in something useful for fruitful future. So in this case you will not sell your property as well as also will avoid taking loan from others.

Selling landed property for the purpose of investment is better but for that reason which don't provide you profit is useless.

[molsewid]

A friend contacted me yesterday for some loans, which I declined (with some excuses) because I knew he really had no means of fast repayment. After some time, he called again and requested that I buy his refrigerator or his washing machine instead. Although I don't have a washing machine, but I had no interest in buying anything at that moment, so I contacted another of my friend who bought the refrigerator and the washing machine from that guy.

It's not a surprise that sometimes we find ourselves in emergencies that really require some funds to solve the problem at hand. We all know that life treats everyone differently depending on the country, city, or village in which they find themselves. You can't blame anyone or say it's a result of bad budgeting plans or inability to save for emergencies.

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

Sometimes selling your property or item that you really need just not to take a loan is sometimes painful because you need it, but if you just sell it just because you don't need it and yet you just need money then it is okay to sell it , and the advantage of it is there's no loan that you need to pay and you don't need to pay interest as well, so like me I will just sell my property than taking a loan as much as possible.

[macson]

snip

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

you have really helped that person even though you didn't give him a loan, but Anag helped sell the belongings of the person who needed it.

actually i don't really mind loans, if i really need it in large amounts what else when it's urgent then i will apply for loans to friends, relatives or banks ^{(when the person concerned can't give me a loan)}
we will not know what will happen in the future, so it is very important for us to make as much money as possible while we are still able to make money, don't let it happen when an emergency or urgent happens, we are confused where to look for money. 

[Adams0001]

None of them really seams like a good idea to me. Although I think I would choose the idea of selling a property over taking a loan, because I seriously, I don't like worrying about having to pay back a loan I've borrowed. I tend to avoid anything that has to do with loan seriously. But when it comes to selling properties , there are properties I wouldn't like to sell, I will be very picky about it. Maybe things I don't need anymore , I can choose to sell those. But it's best to work hard and have your own money, although we never can tell the challenges that life throws our way next, let's keep hoping for the better.

Any firm that is dynamic and always moving can benefit from taking out a loan because a retailer has entire freedom to invest his funds as he sees appropriate. The constant profit and business outcome are essential considerations. Any lender is simply concerned with repayment or return in accordance with their "rate of interest" or "terms and conditions." As a result, anyone can establish a business with the help of a loan of a specified amount based on the investor's credit worth and capacity. There are many financing packages for small and large firms. In this age of digitization, different digital lenders offer loans in a simple method that can help any aspiring business owner. In general, any organization that has a specific outcome or efficiency can benefit from taking a loan.

[nurilham]

If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

It depends on the situation. If it is possible to sell a property quickly, I will consider this option first. But if it is unlikely to get money quickly from selling a property and it is very urgent to get money, I will try to get a loan from my close people, especially from my family members. Taking a loan for urgent needs is understandably, everyone must consider this naturally. However, if it is for unnecessary thing, taking a loan should be avoided.

Which one is better, selling a properly looks better but it is not always easy to sell it quickly. Taking a loan can be the option if it is in a very urgent situation.

[Rengga Jati]

It's not a surprise that sometimes we find ourselves in emergencies that really require some funds to solve the problem at hand. We all know that life treats everyone differently depending on the country, city, or village in which they find themselves. You can't blame anyone or say it's a result of bad budgeting plans or inability to save for emergencies.

Everyone's condition is different and we cannot equate our experience. And basically, I believe that every decision I make is the best, even if it looks sad or not good from other people's point of view.
Regarding your friend who prefers to sell his property instead of going into debt, that's also his decision. And in my opinion this is quite wise. Maybe he really is in a difficult condition and does not have enough money for some reason.
FYI, I've never been in a situation like this. As long as I still have goods or anything that I can sell at critical times, then I'd better sell it, let it be one day when I have the money back, I can buy it. Instead I have to take loans, because this will only make it more troublesome. not to mention if we can't pay the debt when it's due, this will become a more complicated problem.

[Asiska02]

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

I’m the type of person that don’t like selling my properties. I’d rather give them out than sell them. But the question you asked is kind of an interesting one and one will ponder which to go with, either selling of property or taking loan. Since I don’t like selling my properties, I would rather go for a loan but it’ll still be with a condition. The condition been that I’ll not inconvenience myself in order to get to pay back the loan, if not I will go with the option of selling my property. Sometimes having valuable assets at home helps when you’re in dire need of money to solve a problem. It is better to solve your problem within yourself by using what you have than having to solve it outside with tensions keeps ringing in your mind on when to pay back.

[Lida93]

A friend contacted me yesterday for some loans, which I declined (with some excuses) because I knew he really had no means of fast repayment. After some time, he called again and requested that I buy his refrigerator or his washing machine instead. Although I don't have a washing machine, but I had no interest in buying anything at that moment, so I contacted another of my friend who bought the refrigerator and the washing machine from that guy.

I absolutely believe you did the right thing by not given him the loan he requested from you you knowing fully well he has got no means of repaying anytime soon. Howbeit the diplomacy you played out by bringing in someone other than you in buying his property vindicates you of your excuses of not having money to loan him.

People make mistakes of loaning money to a person you clearly know doesn't have a means to repay the loan under thee sympathy of friendship, and later mounting of pressure to retrieve your money may end up posing a  threat to your friendship. Certain things are better avoided than tolerating.

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

Things happen to people, challenges we never plan for and it's alright if we decide to sell a property or go for a loan to cover for the challenging need. In a situation I have no eligibility or access to a loan I won't hesitate to sell out my property to solve the problem.

Good a thing I have a property to sell to solve my  problem when access to loan fails. What if I never had one in both options wouldn't that have been worst?

[arallmuus]

I will not consider taking loan as a good idea as it can be dangerous for us to give that loan back to that person. Selling something that is necessary object of your home is also not good idea because you will hardly buy these things again.

This thread's title and its example in the opening post is totally different at all. Most people would assume that property means real estate property but honestly in whatever case it is, taking a loan with your property as collateral is always the better choice instead of selling those property. Isnt this the sole reason why people are hoarding real estate property? to use it as leverage on potential future loan

[Juse14]

And which of them is a better option, to sell property or to take a loan?

When we are faced with an urgent need and must be hastened. There is always a choice between selling property or borrowing. And I chose to borrow from other people on the grounds that by borrowing from other people I felt there was more demand to return it immediately which made me have to work extra hard to repay the loan. Meanwhile, if I sell a property, I don't feel there is a demand that the property be returned immediately, which makes me relax.

  And one more reason I don't sell property and choose to borrow is because when faced with a sudden need, I tend to sell the property at a cheap price, even below the market price, so it will make me lose money and I will always try to avoid that.

[romero121]

My choice will be to go for a loan. When it comes to property, it won't decrease in value over time. Over time the value of the property will grow high based on the location. Next thing it is possible to keep the property as collateral and get loan which needs to be paid regularly. When you have got a job that pay regularly, it'll be easy to settle loan within specific time period. Same time it is also possible to make some earning from the property and regularly pay the loan from the money earned. So, my choice will be a loan and not selling property.

[Yatsan]

Depends on circumstances.
If the property that you would be selling is a property not being used anymore then that would be a better thing to do but if it is  then you should be using the money from it on something which qould be profitable or more useful. With regards on taking a loan I guess it depends on urgency and utility of where would it be spent simply because this is a borrowed money. If it will just be spent on "want" then you are simply giving yourself a headache. But between the two? Taking a loan would be better for sure in most instances. A property's value especially if it is a land property would increaase in years.

[erep]

My choice will be to go for a loan. When it comes to property, it won't decrease in value over time. Over time the value of the property will grow high based on the location. Next thing it is possible to keep the property as collateral and get loan which needs to be paid regularly. When you have got a job that pay regularly, it'll be easy to settle loan within specific time period. Same time it is also possible to make some earning from the property and regularly pay the loan from the money earned. So, my choice will be a loan and not selling property.

Everyone chooses to borrow compared to selling property like your statement above, the need to buy a refrigerator and a washing machine is not a big cost requirement with an estimate of under $ 600 is enough to buy both of medium quality goods, so there is no reason to sacrifice property investment for low needs but he can apply for guarantees to get loans from other people when the status of employment is down due to inflation occurring in various countries. He had to get another job to repay the loan on time so he would gain the trust of others if he asked for another loan in the future.

[19Nov16]

I think selling a property is the first step to be able to get money or additional capital, and we must predict that taking a loan is the last solution because we must pay more because of the interest that is usually high, of course not all of our financial plans are successful because there are many obstacles or challenges, but as long as we can focus on the goal we will be successful.

[xSkylarx]

A friend contacted me yesterday for some loans, which I declined (with some excuses) because I knew he really had no means of fast repayment. After some time, he called again and requested that I buy his refrigerator or his washing machine instead. Although I don't have a washing machine, but I had no interest in buying anything at that moment, so I contacted another of my friend who bought the refrigerator and the washing machine from that guy.

It's not a surprise that sometimes we find ourselves in emergencies that really require some funds to solve the problem at hand. We all know that life treats everyone differently depending on the country, city, or village in which they find themselves. You can't blame anyone or say it's a result of bad budgeting plans or inability to save for emergencies.

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

I don't know where you came from, but we both have a double meaning of "property, which is either land or a house, and assets, like appliances or anything that you have that you can sell, like phones or even shoes. I have really experienced this a lot before. When I was too young, my mother would always pawn her phone or ring, but this was only when the amount needed was small because she tended to pay it and was able to get the money. When the amount needed was big, she would take a loan and pay it in installments, but again, this kind of loan has high interest.

[Swordsoffreedom]

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

In my personal point of view, I will say that taking loan is not that kind of bad things but there is a terms that is where are you using it?
I don't think taking a loan is bad because if you see most of the big industries or businesses take loans to grow them in the initial stage.
But in terms of your friend, he has taken loan only to fulfill his personal wishes and desires which actually has no good side or out come. In this case, the purpose of taking a loan wasn't good at it all, then how I will tell you what  could be better to take a loan or sell his property.   I think there is no need to take a loan if there are all these reasons.
However, emergency situations can be of many types, such as people's physical diseases, I have seen many people selling their properties due to this. In this case, I will take it as the main reason for selling their property, maybe they did not have the ability to repay the loan amount, so maybe they sold it, so I would also say their decision is right. But if such an emergency situation comes to me and I have the ability to repay the loan then I will not sell my property.

Borrowing money is never bad, but borrowing money without a plan to repay it on time will lead to bigger problems in life, so people advise each other to limit borrowing. And as you said, as long as we borrow money for urgent purposes, it is very normal to borrow money. Even there are many people who see borrowing money as a motivation to help them try harder in life. In other words, borrowing money or selling property is bad or good, depending on how we see it and our intended use.

[dothebeats]

Well, I think the title of your thread is a bit ambiguous here, when I first read it before I read the main post, I thought what OP mean by property is like Housing Property, but it turns out to be some stuff properties.

I think it depends on the situation and stuff that would be sold, some people are actually in a lot of debt, that their last resort is selling their stuff. But again I think selling stuff, and moreover something that is still used regularly is only last resort, I would prefer loan some money.

I also got confused by OP's question, I initially thought they were referring to land properties which are usually sold for financial purposes. However, when I realized that they were referring to items, it was easy to answer that it would be taking loans for me. Selling secondhand items are hard and can be so cheap right now so it wouldn't really be that worth it.