So you have been thinking about selling your house. We know that the prospect of moving is exciting, but it can also be overwhelming. There is a lot to consider, and knowing the best time to list your house is just one part of the process. Here are five tips that will help you decide when the best time is to sell your home.
Your finances are one of the most important components that will contribute to your preparedness. First of all, you should not have negative equity. Most experts recommend that the sale of your house should be able to help you pay down your current mortgage and have enough to help with the down payment for the next home. If the sale doesn't cover the entire encouraged 20% down, you should have enough savings for the rest.
When it comes to selling a home, a lot of work goes into making sure that the piece of real estate is ready to list. Here are some of the top tasks that you must tackle before selling your home:
Repair anything that needs to be fixed.
Deep clean the nooks and crannies of the house.
Finish any renovations that would increase the home's value.
Find the ideal real estate agent.
Make time and have the budget for a home inspection.
Work with a firm to find a potential listing price.
Even deep cleaning the home before selling can take longer than you first think. You'll have to thoroughly prepare the house to be seen by people, from cleansing to staging.
The Australian market has been catering to sellers for the past two years, and even though it is cooling down, homes are still selling quickly. If you have noticed that the houses in your neighborhood are selling fast, the same is likely to happen with your own. Working with a professional is helpful because a good agent knows the market better and can guide you in the right direction.
After thinking through the logistics, you and your family have to be ready for a change. You may have outgrown your current house, and your lifestyle could be encouraging you to consider selling the home. If you have the means, these are all signs that you are prepared to sell your house. It can be an emotional thing to consider, but when the prospect of moving forward is more exciting, you are ready for the big move.
Have a plan for when you do sell your house because the current market suggests that it will happen relatively soon after you list. A good real estate agent can help you find a new home to buy after the sale is made, which is essential. At a time when house inventory is low, it's valuable to have a reliable strategy for the future.
To get started on the selling process, reach out to Ray White Surfers Paradise today.