To sell or not to sell?
2021 has brought record-breaking results for many homeowners across Canberra and the South Coast. So, with strong buyer demand, low interest rates and prices soaring to record levels, some might say there’s no better time to sell – or is there? Selling a property is one of life’s biggest financial transactions; however, the days when people buy one home and live in it their entire lives are long gone. Now, we’re likely to own a number of properties at different stages of our lives. So, is now the right time to sell?
CONSIDER YOUR CIRCUMSTANCES Despite a hot property market, when it comes to selling it’s vital that you make the right choice at the right time. So, what’s your motivation? And where will you go next? There are many factors that influence the decision to put your property on the market: a growing family, the need to downsize, or perhaps you simply want to make your dream home a reality. Whatever your reason, take the time to compare your ‘needs’ versus your ‘wants’ and list the benefits and drawbacks that a change in property and location might bring. Consider these questions: how will moving impact your life and your short and long-term goals? Do you want to stay local or are you open to moving to another suburb? If so, how will a new area affect your lifestyle? Consider everything – schools, sporting facilities, doctors, local amenities and transport options. Next, reflect on all scenarios. How will your new home be used in the short term, and could that change unexpectedly in the future? For instance, will you potentially
Here’s our essential guide to help you make the decision that’s right for you.
need more space for visiting grandchildren or to care for an elderly parent? Taking the time to identify the must-haves and the nice-tohaves, as well as setting clear goals and a realistic timeframe will help you to decide what’s best for you. Buying and selling property is an exciting time but it also requires good planning and careful consideration.
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INSPIRED LIVING MAGAZINE
WINTER 2021
