Should we consider selling our home?

 

If you’ve been contemplating selling your home and making a move, but have been hesitant to do so, here are 6 reasons why you might want to consider selling. If these reasons resonate with you, it may be ti
me to call in one of our property experts for a free market appraisal and general real estate advice.

Financial constraints

Are you unable to keep up with your mortgage and the daily costs of running your home? It may be wise to sell early, rather than risk running your family into unnecessary debt. If you do decide to sell your home, you may gain a massive sense of relief as the pressure to make ends meet has been lifted from your shoulders. As there are many questions that arise when you begin to think of selling, make sure you speak to some experts such as financial advisors and your local real estate experts; KR Peters for a market appraisal.

Move or extend?

Do you have a growing family or growing possessions? It may be time to move and set up elsewhere or extend your current home. It is important to consider that extending your existing home can be a long and tedious process which may involve temporary relocation whilst the building works are being completed. Whether the cost associated with extending your home is in proportion to the property’s value is an important question you should ask your agent. Bring in your financial advisor, ask your family and friends and seek local real estate experts’ knowledge to take the stress away, and let an experienced team such as KR Peters help give an honest and accurate opinion on your best course of action.

Downsizing

Is your home too large for you? Do you want to spend more time drinking coffee or playing golf rather than trying to keep up with the ever growing to do list? It may be time to consider selling and downsizing to something more manageable for you. Downsizing does not necessarily mean moving to a smaller home, you may just wish to have a smaller garden or fewer bathrooms. Most people consider downsizing their family home once their children have moved out. Time is better spent doing the things you love; remember your home should be your greatest comfort and not your biggest burden.

The market is in your favour to sell

The market in most areas of Melbourne is in favour of prospective vendors due to low availability of stock and high demand in buyers. If you’re interested in finding out whether your local market is favourable for vendors, speak to one of our agents.

Change in circumstance

Have you recently gotten a new job with a longer commute? Have your personal relationships changed? Have you recently had children or gotten married? Selling your current home, and purchasing a new property may be the way forward to solve your problems. A new home and lifestyle could allow you to spend more time doing what you love.

Has your neighbourhood character changed?

Does the suburb you purchased in 20 years ago, no longer feel the same? Has your area changed from large blocks with big family homes to multiple townhouses on the same block, where you no longer know your neighbours? You may be wishing to move somewhere that has a more relaxed or busy atmosphere, depending on your lifestyle.

Whether you are looking at selling now or in the future, having a market appraisal done by a local real estate agent is a good idea. A market appraisal will give you an excellent understanding of what your home may be worth, but also an overview of the local real estate market and some advice on how you may be able to increase the value of your home.

Here at KR Peters, we offer a free market appraisal service. If you are thinking of selling, please call us on 9800 0000.

Sellling
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Should we consider selling our home?