How to know when it’s time to sell your home
Posted on: Friday, May 31, 2024
Whenever you decide to sell your home, you need to make sure you and your property are ready. There is no ‘best time’ to sell a property; just whenever you feel it’s time to part ways. You may have outgrown your home or just crave a change, so we are here to help you understand when the time is right.
When should you sell your home?
There are plenty of myths that come to light when deciding whether or not to sell your home, but it’s important that you recognise the correct time for you, making sure your property always feels like your home. The decision to sell your home should be based on a combination of financial considerations, market conditions, and personal feelings.
By completing research on the value of your current property and identifying the percentage of equity you own, you can determine whether you’re ready to sell and the significant equity you've built up can help buy your next property.
How do you know when the time is right?
It can occasionally be challenging to pinpoint just one reason for moving, particularly if you form an emotional bond to your home and get too comfortable. So, it's important to acknowledge certain motives that could mean it’s the right time to move.
You may have experienced a change in your life, such as starting a family, which would lead to needing more space, or potentially receiving a salary increase, allowing you to expand your mortgage budget and upgrade to your dream home with your dream features.
A thriving property market is another great reason to place your property on the market as it gives you the opportunity to take advantage of increased market activity to maximise the value of your home and sell your property quickly and seamlessly. Sometimes you can lose the excitement of returning to your home at the end of the day, or you just fancy relocating to a new area with new opportunity.
All of these are valid enough reasons to believe that it is the right time to make the big jump and sell your home. Discover your local Guild Member and allow them to support you in the process of placing your property on the market.
Which season should you sell your home?
The time of year can sometimes influence whether you place your home on the market or not, but it shouldn’t. When selling your property, different seasons bring different benefits.
Spring creates full-blooming gardens and gathers a market of eager buyers, so it is historically known as the ideal time to sell. The summer season once again displays houses in the beautiful sunshine, attracting a bustling number of buyers who are ready to move before the start of the academic year.
Autumn offers buyers a great opportunity to move and settle before Christmas arrives, making it a good season to sell with a beautiful autumnal appearance. Christmas isn't the most popular time for the property market, as people want to stay at home, but the market perks up in January when buyers want to start the new year with a new home.
Contact us
For more information on selling your home, get in touch with your local Guild Member today.
