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Knowing the right time to sell

By Xuefei Shi

Most people think of selling up as a way to get more cash in the bank. If you manage the right combination of agent, marketing and timing, you can certainly walk away with profit. However, selling costs money, and it introduces uncertainty that you need to be able to support from a financial perspective.

Few questions you need to ask yourself before hand:

  • Are you ready to take on the costs of a new home? (especially if you’re thinking of upgrading rather than downsizing)
  • If you need to rent in between this and your next property, can you manage?
  • If life throws other curveballs, like a loss of job, will you and any dependents be on solid footing?

Is your suburb booming?

Do you know that your property could be sitting in the middle of a hot zone that the market is buzzing about?

Contract Ray White Lidcombe today for a market review, sold prices or a market appraisal to keep an eye on the market and see how your suburb is performing.  If you are ready for a change, it could be a smart time to introduce your place to the market.

It can also be a good idea to see where your property sits, price wise, in your neighbourhood.

Does your home still fit you?

Considering downsizing after your kids has moved out and there’s too much space? Or need upgrading when there are a growing number of residents and the one bathroom is becoming a bit of a logistical nightmare?

If your current property isn’t serving your needs, it could be time to look for something that’s a better match.

Are you feeling the need for change?

Change can arrive uninvited, but there are also natural chapters in our lives where we feel a real need to change our surroundings and strike a different path.

If your home is making you sigh, and your gut is telling you to reboot your domestic front, it could be time to sell up and reinvigorate life from a new patch.

Please click here for more information.

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