It seems like a crazy question to ask coming from a real estate agent. But moving home is an enormous personal undertaking, and you need to be sure it’s the right decision.
Only you can really answer this question. As experienced local agents, we can give you plenty of commonsense reasons to capitalise on the positivity of the market right now. But those considerations pale against your lifestyle aspirations.
Many owners are intent on climbing the property ladder right now, taking advantage of record-low interest rates that put larger properties within their reach.
Others are cashing out, heading out of the cities in a Covid-inspired exodus, capitalising on a greater acceptance of working from home and seeking a more balanced lifestyle.
Part of your decision must include the location, style and size of your next home. No-one wants to go through the work of putting your home on the market, finding a new one and then feeling regret. It’s both emotionally exhausting, and expensive.
Our agency has come across many reasons why clients want to sell and move to a new chapter in their lives. So we’ve listed the most common triggers so you might reflect on your need to sell and go.
Got to have it!
You see a property that’s for sale and fall in love. This is our favourite reason to sell. We totally get it. Let’s make it happen!
Growing pains
Young families inevitably suffer growing pains: bubs become teenagers with demands for their own space and refusal to share a bedroom. Household harmony demands a larger home, and you dare not refuse.
Healthy finances
With equity in your existing home, this could be a great time to refinance and buy a bigger home or improve your location. Interest rates are at historic lows, and money won’t always be this cheap.
Cashing in
Some clients will downsize and fund their retirement by unlocking the cash in the family home. If you’re in this position, please take professional advice to ensure a sale will deliver you the financial benefits you’re anticipating.
Cashing out
Landlords will often sell a property to purchase a better investment. If you’re an investor, don’t make the mistake of believing you must hold each property forever. Be open to other options. Mixing your portfolio with houses and units can be a smart move.
New job
A promotion or new posting in another part of the country will often force your hand to sell. Consider the financial viability of holding and renting your current property rather than selling immediately. If your job circumstances change again, you might want to return.