Signs You Are Ready To Sell Your Home

You’ve been browsing the real estate pages in the weekend paper and having a sticky beak at open inspections in your neighbourhood for a while now…

Selling your home is a big decision. The process of selling and buying another property can be quite stressful, so it is important to be financially and emotionally ready when you put your home on the market.

The three most important things to consider before selling your home are:

• Market conditions
• Finances
• Emotional readiness

You might be wondering, ‘should I sell my house now or wait?’ When house prices are increasing and properties are in short supply, it is a seller’s market which is a good time to sell.

If you’ve noticed homes in your neighbourhood are selling quickly for high prices, now could be the right time to sell your property. However, favourable market conditions should be weighed up against financial factors such as the cost of selling and the amount of equity you have in your property.

Remember, possible financial gains can be lost when you are buying and selling in the same market, but you are ready to sell your house if:

• you are downsizing or selling in a location experiencing strong capital growth and you intend to buy in a location that is yet to boom,
• you intend to buy a property with scope for improvement in the same location,
• you stand to make sufficient capital gain to offset the costs involved in selling and buying another property.

You might be thinking of selling because you have considerable equity in your property and you are ready to upgrade, downsize, or move to a location that better meets your needs.

You may also be thinking of selling because you are struggling to pay your mortgage. It is always best to seek reliable financial advice and discuss your options with your mortgage provider before deciding to sell your home in these circumstances.

Regardless of the reasons for selling, you are ready to sell your home if you have potential capital gains to be made and you have enough savings or property equity to cover the costs associated with buying and selling property.

Your local Boffo real estate agent is always available to provide you with a free property appraisal and information regarding the cost of selling and buying property.

With the numbers stacking up, it is time to consider the emotional aspects of selling a property and moving house. This can be tough! But your home needs to meet your lifestyle requirements, so you know you are ready to sell your home when you feel strongly about:

• Having a home with more space: perhaps your family has grown and you need more bedrooms, or you’re simply ready to enjoy living in a bigger home.
• Having a home with less space: the property is now too big to comfortably maintain and you’re ready to downsize.
• Living in a better location: you want to be closer to work, family, good schools, public transport or healthcare services.
• Improving your lifestyle: you seek a quieter or a livelier neighbourhood, or a location closer to the beach, city or hills.

With those decisions made, you also need to ensure it is the right time for you to sell your home and buy another, as it can be a stressful and time consuming process for many.

Choosing an understanding, friendly and compassionate real estate agent can help to make the process of selling and buying a home in Adelaide a stress-free and ultimately successful experience.

When you feel ready to sell your home, give Boffo a call. Our friendly and experienced agents are committed to providing a service that is focussed on your needs, helping to take the stress out of selling your home and buying another.