Top 3 Signs For When You Should Sell

Signs to Sell

1: Strong Home Price Growth

There has been strong home price

growth in your area for several years and the market is generally favourable for

sellers.

A good sign of this is that most homes are selling below the average time on the market and commanding prices close to the seller’s original asking price.

2: Outgrown your place

The family has outgrown the house,

or you are in a financial position to trade up.

This is a top reason why people move and is often more cost-effective than paying for extensions.

3: Maintenance Issues

House maintenance keeps getting away from you. This can be difficult, but it is important to acknowledge when it has become harder to maintain your home without significant outside help.

Now might be the time to consider downsizing.

Signs to Hold ON

1: Buyers’ Market

The market is a buyer’s market.

There are many properties on the market like yours and the average days on market is higher than average.

Properties selling at a much lower price than the initial asking price can also be a sign to hold onto your investment.

2: Not enough equity

If you haven’t made a big dent in your mortgage, the costs of selling may place

you in a negative position – especially if you need some upfront cash to

complete necessary renovations to get the property in a marketable position.

3: uncertainty

Many homeowners think that moving home will help solve their problems, when in fact

moving house has been classed as one of life’s most stressful events.

If you are experiencing uncertainty in your work, relationships, health or other major

life situations, it may be best to wait.