Should I Sell My Home Now Or Wait For A Better Price? 🤷
Timing the Real Estate Market – What Are You Waiting For?
When it comes to buying or selling property, one of the most common questions is: When is the best time to act? But the real question should be: What are you waiting for, and what do you want the better price for?
If you're selling a property, it's important to consider your broader goals. For example:
- Are you selling your last property to move into care or transition out of property ownership?
- Are you releasing investment portfolios and exiting the market entirely?
For most people, selling isn’t the end of the story—it’s a step toward their next purchase. If that's the case, remember that any discount you secure as a seller will likely reflect in the price you pay for your next property.
Timing the Market: An Imperfect Science
The challenge of timing the market lies in its unpredictability.
- The only way to confirm that the market has peaked is when prices start to decline.
- Similarly, you can only know the market has bottomed out when prices begin to rise.
Unless your crystal ball is exceptionally reliable, trying to time the perfect moment can lead to missed opportunities.
So, What Are You Waiting For?
Instead of focusing solely on timing, align your decisions with your personal circumstances and goals. Whether you're selling, buying, or both, the best time to act is often when it makes sense for your life—not when you think the market might shift.
Take the long view, and focus on what you want to achieve, rather than chasing an elusive "perfect" moment.
If you have questions about your personal circumstances, or you feel you're ready to make your move - get in touch!