When is the perfect time to put the home on the market? Every homeowner has this question when they are planning to sell their home. If you are in Surrey and want to sell your home, important signs enable you to find the best time to sell it. Most importantly, it is best to seek the help of Surrey estate agents who are happy to help. After you book a property valuation from the company, the local experts arrive and offer a free appraisal of your property. After this process, you will get a clear idea of what to do. Look out for these ten signs and know the right time to sell your home.
- When the interest rates are low
Check whether the interest rates are low as they indicate the right time to invest in property. If you want to sell your property in Surrey and buy a bigger property with your savings, the low-interest rates are a good sign.
- Home too crowded for comfort
Are you feeling cramped in your home? It is one of the signs to put your home on the market. When there is not enough space, it can result in many inconveniences. If your family is outgrowing the home, it is a good idea to move into a much larger space. Contact the Surrey estate agents if you require assistance in selling your home and buying a new one.
- Low stamp duty rates
The stamp duty rates affect the price of the property. The best time to sell your property in Surrey is when the stamp duty is low. Calculate the stamp duty of your property and then decide if it is the right time to put your home on the market. It is always best to check the costs involved before looking at the listings.
- For a change of scenery
If you think a new situation can do a great deal of good for your family, then it is a good reason for selling your home. You may want to move to a more peaceful and serene location in Surrey or move closer to the city for the job. These situations may make it necessary to sell your home.
- Have built positive equity
You may have built positive equity if you have owned the house for many years and paid up the mortgage. This financial factor determines whether it is a good time to sell your home or not. The equity means how much you gain or lose when the remaining balance on the mortgage is deducted from the home’s current market value. Plus, the amount you get after selling your home will be enough to cover the cost of the deposit of new property.
- Ready to make improvements
You can increase the home’s value by making some improvements to it. There is no need to perform extensive improvements, but landscaping, adding a new coat of paint, and mending the repairs is enough. The market value of your home will rapidly increase.
- Waiting to sell at a peak market
Many sellers wait to sell their house until the market is at the right level that profits them. You may also be planning to do it. Try to sell the home for more price than you paid for it. For that ensure to pay attention to the property market.
- Getting multiple offers
It is great if you are getting multiple offers from buyers. But it can turn hectic if you are unable to handle it properly. First, ensure that the buyers know that the home is getting multiple offers. Then set a deadline for hearing the best final offers. Maintain good communication with the buyers throughout the process.
- Emotionally ready to sell home
When a seller is emotionally invested in their home, they can find it challenging to sell it. You may have sentimental value for your home but do not allow it to influence the decision-making process. If you are finally ready to sell it, then put it on the market for sale.
- Realistic about the selling price
The sellers realistic about their home listing price can sell their home successfully. They get great offers regularly. So having a realistic approach to your home’s selling price is a good indicator to sell it.