In the world of real estate, timing is everything. As we venture into the final quarter of 2023, the Sydney property market continues to show signs of vitality, rebounding from a year of contemplation. Interest rates have found their footing, and property values are steadily regaining ground lost in the previous year. With five consecutive months of national price growth, it’s clear that opportunities are abound for sellers.
However, the decision to sell isn’t solely about market conditions; it’s also a deeply personal one, woven into the fabric of your unique circumstances and aspirations. To help you navigate this pivotal decision, let’s delve into a set of essential questions that can determine whether now is the best moment to list your property for sale.
Ten Questions to Determine Your Readiness to Sell:
1. Have you built positive equity in your property?
2. Are you financially prepared for the costs associated with selling and potentially purchasing a new property?
3. Are you emotionally ready to make a move?
4. Have you outgrown your current living space?
5. Do recent changes, such as the ability to work from home, affect your need to stay close to your workplace?
6. Is your current location or community meeting your needs and preferences?
7. Have recent sales in your neighbourhood been favourable in terms of price?
8. Do the current market conditions align with your goals and expectations for the sale?
9. Are you concerned that potential renovations might overcapitalize your home?
10. Would you benefit from increased cash flow or capital release?
These questions serve as a compass, guiding you through the decision-making process and shedding light on whether the stars align for your property to shine in the market of 2023.
If you would like to discuss the current market value of your property, please contact James Giltinan on 0417 250 691 or james@coogeeere.com.au