21/10/2026
Selling your property? Asking is now a bad time to sell?
The danger here comes in trying to predict the market. Neither a rising nor a falling market is a bad thing; it is simply the market. Based on your needs, the right time to sell may be in either.
The key question that needs to be asked before any sale is:
“How will my life improve as a result of the sale?” If there is no definite answer, your plans should be reconsidered.
Price should not be your primary consideration if you are selling and buying in the same market. Changeover costs are the key consideration. If the selling price of your property falls, it is likely that the purchase price of the property you want will also fall.
Rather than trying to predict market movements, why not simply sell the house you no longer want and buy the house you do want? Then enjoy living in the home that better suits your needs while you wait for it to increase in value.
The cost of waiting️❗
If the aim is to reduce debt, consideration must be given to decreased interest bills and the reduction of the associated stress. Does waiting for improved market conditions warrant the interest payments and stress involved in hanging on?
Sometimes a property must be sold to take advantage of other opportunities. By holding out for improved market conditions, the cost of losing the opportunity may be greater than the potential increase in the value of the property.
Living in the desired house rather than remaining stationary, experiencing less stress thanks to debt reduction, and taking advantage of opportunities are three excellent reasons for selling now, rather than waiting and thinking about how life might improve.
For more tips like this, visit our website and read the '10 Property Pitfalls – How to Avoid Under-selling Your Greatest Asset' (listed under the selling tab!).
