When is the right time to sell?

Now there’s a question! There are so many different reasons why people decide to move home.

Relocating for work or family matters, upsizing or downsizing, or perhaps simply wanting to find that dream home - these are just some of the factors that might sound familiar to you. They’re also things that will always be an influence at any time.

As with most major decisions you make in life timing is always important, so in this article we’ll talk about different scenarios with the aim of making you feel more confident about choosing the right time to sell.

Upsizing

Any parent knows that welcoming a new addition to the family or simply watching kids grow into teenagers will inevitably become a need for extra bedrooms and more space around the home generally.

Upsizing brings far more benefits than simply having a bigger floor plan and bigger gardens. Adding a bathroom or en-suite can make life much easier on busy mornings when you’re trying to get everyone out of the house on time. A larger open plan kitchen/dining/family room will give you a chance to all be in the same room at the same time for once.

And if you’re struggling to remember what it’s like to have a grown-up space to call your own, an extra reception room will give you the option of having a toy-free refuge to retreat to at wine o'clock!

Of course family considerations are only a part of the appeal of upsizing. If you work from home moving to somewhere with a dedicated study or home office space means you can say goodbye to perching on a breakfast bar or squeezing into a corner of the living room with your laptop.

Does this ring any bells? Well, these are just some of the ways moving to a larger property can make all the difference to your quality of life - often without having to move away from a neighbourhood that you already love.

Downsizing

At totally the other end of the spectrum we have downsizing. This is a big factor for many people choosing to move home and another one where finding the right time really matters.

The concept of the property ladder can make 'going up' and 'bigger is better' seem like the only reasons for moving. It's simply not always not always the case.

A big advantage of downsizing can be the positive effect it can have on your finances. Many home owners see the benefit of house prices increasing significantly over the years and you might be pleasantly surprised to find out that you're one of them!

If you’re an ‘empty nester’ you might decide you simply don't need so much space. Surely there must be better things to do than dust rooms that no-one uses anymore. On a similar note, moving to live closer to children who are now adults with their own homes can be a sensible decision for many.

Of course, simply getting older often involves making lifestyle changes. Things might come into the picture that mean you start to look at things in a different way - that big staircase might not still have the same appeal, and your large garden suddenly becomes too much like hard work!

There are so many positive aspects to downsizing and it always marks the start of a brand new chapter. It makes sense to seriously think about how it could change your own life and when the right time to do it will be.

Financial Considerations

Although you might not think about your home as a financial investment, for many people it's the biggest one they ever make. Selling your home and buying another outright could see you mortgage-free and still leave a significant surplus of funds.

For some people this can also offer the answer to various financial pressures that may have slowly but surely built up in one way or another.

As estate agents we know that it might be hard for you to look at your home in this way. However, if you’ve built up equity or have a small 'loan to value' mortgage you could be sitting on a significant sum that can be released by making a move.

Whether you’ve got a bucket list of things to do or you’d just like to be debt free, this is something definitely worth thinking about. You might even find that moving to a different location will give you the chance to upsize and still have 'money in the bank' from the sale.

Lifestyle Choices

Whether you choose to live in the heart of a city or large town, or prefer a countryside semi-rural setting, 'lifestyle' is always a big factor when it comes to deciding to move home.

A new job, your family, age, health and fitness can all play a part in the way life changes can factor into a decision to move.

Sometimes a simple change of scenery can give you a much needed fresh start, so if you’re looking for a different quality of life why wait? Choosing 'now' to sell your property is exactly the right time!

Should you sell in the current market conditions?

There will always be so-called 'unique market conditions' whenever you want to make a move.

Whether it’s high or low interest rates, mortgage deals being more or less affordable, or a surplus or lack of homes for sale, there will always be positives and negatives.

Your own reasons for selling will come down to unique personal circumstances totally independent of what's going on in the property market as a whole. Whenever you’re reading these words this will always be true in one way or another - that's really why we can say 'right now' is always the best time to sell your home once you've made the decision.

We’re here to help you. It starts by supporting you knowing that it's the right time for you to sell and we continue by working hard on your behalf to achieve the results and outcomes you want.

We look after everything so that selling your home is as stress-free as it can possibly be.

Contact your local office today, book a valuation and find out how we can be your property partner for life.