With market conditions changing, is now a good time to sell my property?

BY GRANT SMITH, CENTURY 21 GRANT SMITH PROPERTY

We are often asked when is the right time to sell my property?.

The answer is no one can predict the market and the best time to sell your home is when the time is right for you.

If you are buying and selling in the same market, there is no right or wrong time. More sellers lost money on the upturn of the market by pricing themselves out of rebuying, than in the current market where prices are a little more predictable moving forward. With changing interest rates, it’s important to budget what you can afford in repayments rather than maxing your limits of what banks will potentially offer you. If you already have a mortgage and are coming up to the expiry of a fixed term rate, shop around or engage a broker who could potentially save you significant monthly costs.

When you have made the commitment to sell, be certain to research the market around you. Speak with a trusted, reputable agent in your area that knows the market, trends and sales in your area and who can provide a strong strategy for achieving the best results.