When is the right time to sell? This is a question we are asked every day, but there are certain indicators to help you assess when it may be the right time to sell and move onto greener pastures.
Low cash rate
Interest rates have a massive impact on the property market as it is the cash flow trigger for affordability and determines both supply and demand. A lower cash rate means home loan repayments are easier to manage and the property market is more enticing for buyers.
Your suburb has seen a price rise
Are you lucky enough to live in a suburb that has seen a recent price rise? If you own your own home, it might be the right time to sell to benefit from heightened demand. Speak to your local Harveys agent who can provide you with information such as recent sales, trends and market fluctuations in your neighbourhood.
Your family is expanding or have left the nest
If you’ve added a few kids to your family, upgrading is a natural step. You might need more space or want to move to an area with better lifestyle offerings or access to good schools and amenities.
On the other hand, maybe your kids have moved out of home and you no longer need the space. Wouldn’t it be nice to free up some money, so you cansplurge?
Contemplating renovating
If you are looking to renovate your home, consider whether your renovation is adding value or if you’ll lose money in the long-term.
Determine what you want to achieve from your renovation, how much it is going to cost, the value it will add to your property and if it would be cheaper to buy a different home rather than renovate.
Afresh start sounds fabulous!
We’re often told the Kiwi dream is owning your own house,
with two and a half kids and a picket fence; but times change, and with it, so do our dreams. Nowadays, lots of people prefer to own an apartment or a compact house close to the city. Remember, one size doesn’t fit all!
If you found yourself saying yes to three or more of these indicators we’d say you’re ready to move forward and sell; and of course, we’d love to help you.
Contact us for an obligation free property appraisal.
