10 Signs It’s time to put your home on the market
Selling your first, second or third home can be an emotional decision! Here are 10 signs that will give you an idea if and when it is time to put your home on the market.
1. You’ve got too much space
It’s common that people move out because they don’t have enough space, but you never think that having TOO much space is an issue? Well actually from recent sales a lot of people are downsizing so it turns out having too much space is just as common a problem.
If your children have flown the nest and you are left with two or more rooms that are not regularly used this could impact massively on your heating and maintenance bill! If you are looking to save money and time on maintenance it might be worth considering downsizing and buying a smaller property.
2. Or the opposite – Not enough space!
When there is not enough space you will certainly know it! If you can move before space becomes an issue, you will feel less pressure to buy quickly! Plan ahead. Many people move because they are outgrowing their house, even one extra room can make all the difference!
3. The garden is becoming an issue
When all your children have grown up and never use the garden like they did when they were younger, the garden is just being wasted and no one is maintaining it, so maybe moving into a property with a little patio will saved you so much time.
When you buy a property the only thing you can’t change about it is the land it is built on! If you want to expand it is definitely worth thinking about putting your house on the market. Buy a house with bigger land with more room for improvements.
4. You don’t have a big budget for the improvements you want
Derek Ross of Alexanders says: “When you decide to sell your home there are ways for you to increase its value. There is no need for extensive improvements, a new coat of paint and landscaping can make all the difference. This extra value will help towards your new home.”
People’s tastes change overtime, that fireplace you had when you first brought your house may not interest you anymore. If you want massive improvements but can’t afford it, maybe it is time to find a new place that has everything you want.
5. Sell while the interest rates are low
It is the right time to sell your property and buy larger with your savings. Speak to a financial adviser and get all the advice you need but if interest rates are low it is a good indicator that it is time to invest in a new property.
6. Sell in the peak market!
Always try to sell your home for more than you paid for it. Watch the property market, this is something we can do for you, if you can, wait until the market is at a level where you can make profit!
7. Selling when Tax rates and Stamp Duty are reasonable
These can dramatically affect the price of your new property. Make sure you check the costs involved before you start your search for your new home. Look at when the tax rates and stamp duty are at its lowest.
8. You know someone who sold their house for a price you’d be happy to get
Has another home in your area sold for a good price? Why don’t you see what your house is worth with a valuation? This could give you an idea of what profit you could make and it is the first step to consider putting your home on the market.
9. Be realistic about your selling price
Don’t push the market, be realistic with your price.
It is critical to your ability to sell your home. Once you have had a valuation and done your research to what other properties similar sold for, you will know how much your home will sell for. Don’t ask too much, be feasible and give the buyers options.
10. Be ready for something NEW!
If you are tired of the same four walls and are excited at the thought of something new, put your house on the market and see where it takes you. Get in touch with our sales team and request a free valuation today. This could be the start to get you where you want to be!
If you would like to sell your house or would like some advice on upsizing/downsizing then feel free to get in touch with us.
We offer three types of Valuations
Just curious? - Try our Instant Valuation
Thinking of moving in the next year but not ready to meet us yet? - Valuation Plus where you can be in charge and add your own details!
Looking to move in the next few months? - Face to Face Valuation - where social distancing rules apply.
Take care,
The Alexanders Team