It’s a big question! After all, selling a house can be a long and difficult process, and you want to be sure you start it at the right time to get the results you want. However, the right time to sell a house can flip flop back and forth, and depending on where you are in the world, there’s no generalised advice you can follow to absolutely know when you should sell up.
But even with that in mind, there is one good question to ask right now: do you feel ready to put your house on the market? There are a lot of signs in your personal life that can feed into this question.
- When you’re sure you can’t renovate
- When you’re ready for the legal legwork
- When you have time to prepare for sale
Renovating a property is usually the best bet if you want to have more room, more dedicated space for working from home or being able to sleep more people. But if you’re sure you can’t put up an extension or renovate an existing room, it might be a good time for you to sell your house and move on.
Of course, if you’re worried about your house being too big, it’s probably the best bet to move to somewhere smaller and more manageable. It’s hard to renovate in the opposite direction, after all, and you don’t want to waste your money here.
There’s a lot of legal legwork involved in selling a house, and when you’re sure you’ve got the time and energy to run up against it, you’re going to be in a good place to sell your home. Moreover, if you’ve already got a Solicitors office in mind to work with as well, you have a much better chance of going through the process without interruption.
After all, you’ll need the house to be inspected and surveyed, you’ll need a viable contract brought up for buyers to sign, and you’re going to need to stay inside property law guidelines. Now that can be time consuming and expensive to pull off on your own, so think about working with a professional; it’s foresight for your financial well-being.
Putting your house up for sale requires a lot of preparation work! You’ve got to make sure the house looks its best, and is ready for viewing at any time, but you also need to be able to still live there. And that means you need time on your hands!
You’ve got to clean up, and usually put more paint on the walls and get the vinyl siding washed down, and you’re going to need at least a couple of weeks to manage all of this. Once you’re sure you have such time, freely available at no cost to anything else in your life, it’s a good sign you’re ready to sell.
Is this the perfect time to put your property up for sale? Only you can answer that!
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.