Here are the most common reasons why people continue to sell homes, regardless of the real estate market conditions, and why a home sale can actually turn out to be a positive move.
Why do people move, whatever the market conditions?
Life often presents various reasons why people need to sell their homes. Regardless of market conditions, there is no need to wait if you need a quick sale. There are huge advantages to engaging a real estate agent who knows how to sell a house in an upward or downward-trending market.
What are the main reasons for home sales in the current market?
While Goulburn enjoys a quieter lifestyle than the big cities, we still have access to good medical facilities, retail, arts and entertainment, along with other essential transport routes and infrastructure.
Here are the six reasons for achieving a quick home sale and why these can present positive opportunities for you.
1. When it’s time to upsize your home
Perhaps it’s an ideal time for you to upgrade, as you can buy a larger home for a more realistic price. If your family is outgrowing your current home, or you have made or inherited a significant amount of money, you may have been presented with an opportunity to move into a larger property.
2. Downsizing your property
If you have children and they have recently left home, or you are about to retire and want to free up some equity from your property, you could consider downsizing. This has several advantages:
- You can release equity to do the things you’ve always wanted to do, such as travelling or maybe helping your child onto the property ladder.
- You can move to a smaller home in the city if you’re tired of suburbia.
- You can enjoy more free time in a property that requires less maintenance.
There are numerous homes that can meet your needs, ranging from smaller houses to townhouses or apartments. You may wish to move further away from town or come in closer for the amenities. We’ve had many clients grappling with the downsizing conundrum, so talk to us for ideas.
3. Selling a home due to debt
Debt instigates a large number of property sales. Perhaps your home is now in negative equity, or you may have bought a property off the plan that you can no longer finance. Legislative changes may be driving the reason for your sale.
Additionally, lending conditions may have changed, necessitating the sale of a home. In line with speaking to your mortgage broker, consider consulting with your real estate agent early on to determine the current market conditions and what home sale price could be achieved.
4. Desire to have a tree, sea or city change
More and more people are choosing to move either to rural or coastal areas to enjoy a more environmentally friendly, slower-paced lifestyle (that may also involve a career change). Or they are moving back to more urban environments to be closer to the action. This gives you a whole new start and a new chapter in your life.
Goulburn is a popular destination for those seeking to escape Sydney for a quieter, more relaxing lifestyle. One of the biggest reasons to move to Goulburn is to be closer to family or friends. Our central location, situated between Sydney and Canberra, is a significant advantage.
5. Selling a home due to divorce
Sadly, this is one of the more common reasons for people needing to sell a house in any market. There is no better reason to move than to continue forward with your life and regain happiness.
6. Selling a home due to death
This is the last of the D’s and something that is obviously difficult to predict. You might be interested to know that if you inherit property from a deceased relative or friend in Australia, you can avoid capital gains tax if you sell within two years.
Choose an agent who’s weathered many property cycles
If you know how to market a house for sale, the current cooler property market can work to your advantage. Whatever your circumstances, choose your agent wisely. The right agent will take the time to understand your situation and know-how to generate interest in your home so you can sell at the right time and price.
