Selling a home is not a decision to take lightly, and sometimes it can take years of mulling over until you’re ready to put your moving plans into action.
Before you plant the ‘For Sale’ sign outside, it might be worth checking for signs that you’re truly ready to move on. Here are some of the key indicators that your home is ready to go on the market.
Browse new properties for sale
Space is an issue
Whether it feels like you are rattling around in a too-large home, or the walls are getting tighter as your family grows, moving to a larger property that fits your family is a great way to restore a sense of harmony.
Related: How to know when it’s time to upsize
The kids have left school
If you no longer benefit from living in a school’s catchment area, your home could be in high demand and sell for a high price. You might also no longer require the extra bedrooms and space that a family home provides.
Downsizing can not only reduce your maintenance costs but also free up equity that you can use for other pursuits, such as travel or retirement.
Related: Downsizing or equity release – what is right for you?
The market is in your favour
The climate of the UK market will largely dictate the outcome of your sale, but the local market is even more important. Check current trends, recent sales and local news to gauge the house prices in your area.
Once you’ve instructed an agent to value your home, they will use their expertise in your location to place an accurate price and come up with a strong selling strategy.
You have built up some equity in your home
Equity is the difference between the current market value of your home and the amount you owe on your mortgage.
If you’ve been in your home for several years, you may have built up significant equity. This equity can be put towards financing your next home, investing, or paying off debt.
The location is inconvenient
If you find yourself dealing with a long and inconvenient commute to work, limited access to amenities, or surroundings that no longer suit your lifestyle, it might be time to explore properties in more suitable locations.
You’ve already renovated
If you’ve already made improvements to your home and you’re still feeling uninspired by your surroundings, it could be time to take advantage of the value you’ve added over the years by moving out.
A well-maintained and updated property is more likely to attract potential buyers and can command a higher price in the market. Consider selling while your home’s features and finishes are still fresh and appealing.
Looking for an accurate valuation? Contact Whitegates’ expert team today.
