Is it the best time to sell? It’s an often asked question. And in my real estate career, I am often faced with this question. The question arises when the thought occurs in his / her mind of a move. Well, it’s a big move and wants to ensure that he or she is making the right move. There are several reasons for this.
Lifestyle changes are often the reason behind our decision to sell. Whether you are relocating, have a growing family or are downsizing, working out when to time your sale can daunting – especially for first-time sellers.
Your decision to sell your property may not coincide with the perfect market conditions. Therefore it is important to know what is happening in the property market and the economy as a while, as the real estate market generally reflects the current state of the broader economy.
Additionally, you should consider your own personal objectives, your ability to finance a new property and meet ongoing repayments and capital gains tax implications for selling an investment property.
Remember – if your property prices are high, you may get more for your house than you hoped, but you’ll probably pay more for the house you intend to buy – and vice versa when prices are low.
Nowadays, we find another trend where people sell in this vibrant current market but do not buy instead rent waiting for the prices to fall. It’s everyone’s longing for a brighter and prosperous future. We wish them well and hope their dreams come true soon.