8 Signs It’s Time to Sell Your Home

1. Are You Ready?

In Australia, one of the most popular topics is real estate. Everyone is interested in knowing how the market is doing, what local prices are reaching, and how interest rates are changing. Maybe you’ve been thinking about selling lately, but you’re not sure if now is the perfect moment.  The primary indicators of when you might be prepared for the next phase of your real estate journey are known to us at Reval because we have assisted many clients in selling their houses over the years. Now, let’s examine if it’s time for you to sell your home and move on to something that better meets your demands right now.

2. How much money are you in need of or have?

Though it might seem apparent, this is a crucial place to start when determining whether to enter the market.  Take some time to assess your financial situation and see if you can afford the improvement you’ve been wanting. Have you saved enough for a down payment if you’re buying a first home?  Moving may have been motivated by a desire to downsize and save money for other areas of your life that you would like to enjoy more. Perhaps now is the right time to sell and put the money into the company you’ve always wanted to establish.  For this reason, you should be aware of your financial situation before determining whether to relocate or stay put.

3. Prices in Your Neighbourhood Have Skyrocketed

Have you been fortunate enough to reside in a suburb where prices have increased? This has undoubtedly happened in many areas of Australia!  Strong capital growth may suggest that it’s time to sell and purchase something more appropriate for your needs.  It might open up the possibility of an upgrade, free up money for a trip, or put you in closer proximity to enjoyable lifestyle pursuits.  It’s critical to understand your local market; in particular, observe the results that neighbours with residences comparable to yours are accomplishing.  Get in contact with your local Reval Estate Agents representative, who will perform a market analysis and provide you with an estimate of the amount you should aim to receive for your home.

4. Your Family is Growing

It only makes sense to move up to a larger house if you’ve expanded your family to include a few children and maybe a pet or two. You may discover that you require a larger backyard or extra bedrooms. Maybe you’d like to relocate to a nicer area with more family-friendly neighbourhoods, parks, and great educational opportunities.  Purchasing a home close to a good school is beneficial for resale, even if you are not a parent. Generally speaking, selling your house before purchasing a new one is preferable. You’ll know what your budget is and have the money available if you do this. Additionally, you will be able to put down a bigger mortgage payment and stay away from needing to juggle two mortgages at the same time.

5. The Kids are No Longer in the Nest

On the other hand, you may no longer require as much space now that the kids have moved out. If you could travel and spend your time doing other things instead of cleaning the big family house, wouldn’t that be nice? Reducing size does not have to mean downgrading.

6. The Neighbourhood isn’t For You Anymore

Does the neighbourhood you live in now fit your lifestyle? Can you reach the great outdoors close to your home if you’re the active outdoors type? Do you enjoy the café lifestyle but have to go far distances to enjoy your love of it because you live far from someplace decent?  Determining your ideal neighbourhood is a positive first step and a simple method to determine if your current area meets your needs. It might also be a good idea to think about buying in a city or a rural area.

7. Hating the Commute to Work

If you’re sick of making the lengthy drive to work every day, you might want to think about moving closer to your office.  Imagine how much more time you can spend doing the things you enjoy once you free up those hours wasted stuck in traffic or on public transport!

It’s crucial to set up your own workspace if you can work from home so that you can shut the door and go home at the end of the day. This can mean moving up to a home with a dedicated study or an extra bedroom that you can use as a workstation.

8. A fresh start sounds wonderful!

The common perception of the Australian ideal is having a large backyard, two children, and your own home. However, when things change, our dreams also do. These days, many people would rather own a smaller home near the city, such as an apartment. And since one size doesn’t fit all, you don’t have to adhere to what you’re told is the appropriate kind of property.

Remember, Reval is available to assist you at every stage of the process, from helping you buy your new home to selling your present one.