One question we frequently get asked is, when is the right time to sell my home? The answer often lies in the answer to the question, why do you want to move? The decision could be in or out of your control so you need to weigh up what is best for you and your family.
Sometimes the need is greater than the want and in these circumstances if possible you need to wait. Your home may hold too many memories, you love every inch of your property and you can’t think of living anywhere else. Unless you can see the positive side of moving you will subconsciously sabotage the sale through fear of losing your home. In this case, go and view some potential new homes, when you see what may be in your future it can make the thought of saying goodbye easier.
The news doom and gloom
If you believed every story about the property market in the press you would be completely confused by now. Everyone has their own opinion and the truth is if you want to know what is happening in the local property market, speak to us. Working in it every day we can tell you the areas that are up and coming and where property prices are rising and falling.
Dare we say the word? No one has a crystal ball, no matter what your political opinions we really don’t know what is going to happen. All we can do is act in the here and now and gain insight from our industry professionals. If last year is anything to go by, pundits and opinion polls can be wrong.
We saw many people face this frightening position in the crash of 2007/8, thankfully things are brighter now but we still come across those in this position. When your home is valued lower than the debt against it, you really need to do your sums. What is your plan for moving to clear this debt and have you ensured that you have taken everything into account? It is worth having a conversation with our team before you make any big plans, as we may be able to help you.
If you’re relocating out of the area then one decision could be to sell your property. Is your relocation short term or long term? Renting could be a solution so talk through all the options available with our team, and the financial benefits. For those relocating into the area don’t make any rash decisions to buy, get to know the different areas first to see what works best for you and your family. Our team can assist you with finding a rental property until you are ready to buy.
Whatever your motivation for your next move, at Hathways Estate Agents we will give you the honest and detailed advice you need to know whether the time is right for you.
Hathways, the right choice for the right time