There are times when you might dread taking out loans for a covering your finances. While this can sound like a secure and wise decision, there are times when the sale of assets can be tricky. In such a case, taking out loans work as a better option than the sale of assets. Look at the situations when you must not sell your assets and head towards taking out loans.
For instance, whenever there is a huge transaction cost, you must choose the simpler road. High transaction costs add up to complexities, and thus there comes a need to take out loans. Secondly, in situations where there are multiple tax implications, selling off your assets can do more harm than good. Finally, some assets have our emotions attached to them. An inherited property may be giving you the best offers, but the memories those walls hold are priceless. In such a case, too, you can opt for a loan if you can manage.