Should I sell my assets during uncertain times?

There is no doubt that we are living in uncertain times. Businesses from various industries remain unsure of lockdown restrictions and how changing consumer trends will impact their future business. Should businesses under financial stress, however, think of selling their assets?

Before you list assets for sale, consider the following:

Do you have savings, and will maintaining certain assets affect such savings?

Are your assets diversified?

Will selling certain assets prevent additional and unnecessary losses?

Listing assets for sale will benefit the business that is spending money maintaining such assets without a return on doing so. Additionally, if your assets are not diversified and selling can prevent major losses or complete business closure, then selling makes sense.

Ask SA Auction for assistance with listing your assets and on how you can convert them to cash today.