How to know when it's time to sell your home

By Katrina Arkley |  4 Minute Read

Are you thinking that it's time to sell your home?

The housing market has stayed competitive for months, and if you’re like many property owners, you’ve probably thought about selling. But is this the right time?

Selling your home is a big decision and pinpointing the perfect time to make your move can be challenging. Here are a few questions to consider if you want to explore what it would look like to put your home on the market soon.

Has your lifestyle changed? Most homeowners outgrow a property at some point, or they find their needs have changed in some way. A property might be too small, you may want to downsize, or you might want different amenities.

Has your property increased in value? Homeowners have gained record-setting equity over the last few years. Determining your property value can give you an idea of your potential profits. Then, you can consider if you could put these funds to better use elsewhere.

Do you have another property or a plan for where you’ll go next? Be sure to keep the logistics and busy market conditions in mind if you’re buying and selling at the same time.

Have you discussed the details with everyone involved? Selling your house isn’t something you should do on the spur of the moment. This sale will mean big changes, both financially and in your day-to-day life, so be sure everyone in your household is on the same page.

Have you established your goals (and communicated them clearly)? When you’re ready, let’s discuss your needs and wants and create a plan that makes sense for you. Once clear goals are established, we can work together to find what you’re looking for.

Still not sure if it’s the right time to sell. Get in touch to discuss your options today.

 

DISCLAIMER: The information on this website is not legal or professional advice and therefore is intended as a guide only.

About this post

February 2023

Words by Katrina Arkley

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Katrina Arkley
Real Estate Agent

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