- #1 – Safety and security is your main concern
- #2 – Downsizing or upsizing is a popular reason to sell your home
- #3 – Market conditions might motivate you to sell your home
- #4 – You can’t afford to maintain the house
- #5 – You get trustworthy advice from a real estate agent
It is a question that many people struggle with: when exactly is it the right time to sell your home?
This is not a decision that should be made lightly. You should have as much information as possible before listing your home.
There are, however, a few things that will make you realize that it is time to sell your home. If you are aware of these signs then you know you are making the right decision.
Here are 5 ways to know that it might be time to sell your home.
#1 – Safety and security is your main concern
Safety and security play a huge role in the type of house you buy and when you decide to sell it.
With the crime rate soaring higher and higher every year, it is no wonder people are packing up and moving away.
You might live in a dangerous area or you might decide that you want to immigrate to another country.
Many people are also selling their freestanding homes and moving to estates with advanced security features.
If safety and security is your main concern and you feel unsafe in your house, it is time to sell.
#2 – Downsizing or upsizing is a popular reason to sell your home
As homeowners grow older, their focus in life often shifts in different directions.
Some people might want to start a family. Others might find themselves alone in a huge house after their children have left the nest.
Downsizing or upsizing is a popular reason for homeowners to sell.
People tend to grow out of their homes as their wants and needs change. They can’t possibly raise children in a one-bedroom flat or live alone in a five-bedroom mansion.
#3 – Market conditions might motivate you to sell your home
The past two years saw an unexpected wave of homebuyers because the market conditions were in their favour.
The interest rate fell which meant that more people could afford to buy a house. Along with that, there were also fewer residential homes on the market and the demand was high.
This could mean that your house is worth more than you think it is.
If you are prepared to take the leap and sell your home, have a look at how many homes are for sale in your area, and contact an estate agent right away.
#4 – You can’t afford to maintain the house
Financial circumstances often force homeowners to sell their homes even if they are reluctant to do so.
The unfortunate reality, however, is that many people struggle to keep up with bond repayments and the general maintenance of the home.
If you find yourself scraping together your last few Rands at the end of the month, then it might be time to sell your house and buy something more practical.
You can also rent a place until you are in a financial position to buy again.
#5 – You get trustworthy advice from a real estate agent
You might have already approached a real estate agent with the intent of selling but how trustworthy are they?
If you find a real estate agent that you are comfortable with and they give you honest advice, then it is the perfect time to sell your home.
The selling process will be much easier if you have the right estate agent at your side.
There are many factors to consider when selling your house and it is important to do enough research before selling. But you can’t ignore the signs that are already present. It might just be the right time for you to make a change.
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Gauteng: Sandton, Randburg, Midrand, Roodepoort, Akasia, Centurion, Alberton, Bedfordview, Edenvale
Western Cape: Atlantic Seaboard, Cape Town, Gordons Bay, George, Knysna, Mossel Bay, Plettenberg Bay
KwaZulu Natal: Umhlanga, Ballito, Amanzimtoti, Pinetown, Westville, Hillcrest, Margate