Should I sell my house now?
In my opinion yes. If you want to sell your house now, with house prices now dropping after many years of house price increases and with prices expected to fall further in 2023, it might be a good time to capitalise on house price growth and the existing buyer demand before it wanes, especially if you’re selling a second home or rental property. Moreover, despite what commentators and the media are saying about house prices, people still need to move home for a myriad of personal reasons.
These include:
Mortgage rates rising making it unaffordable.
Being ready to downsize to save costs or release equity
Increasing debt,
A life changing situation such as divorce or death in the family.
You’re selling a second or inherited home
Your family expanding and a need for more space
Relocating for a job
Its worth remembering that our homes are often our biggest financial asset, so it’s worth understanding what’s happening in the market and revaluating your personal circumstances when deciding if it’s a good time for you to sell now. That and making sure you get the right price and highest valuation you can.
You are welcome to get in touch if you are considering selling to discuss options and how we can help.
Financial Advice Disclaimer:
Please be aware Mau Investments Ltd and its employees do not offer investment advice. Should you seek advice, please contact an independent financial advisor.
Mau Investments – Property Solutions made easy.
To learn more email dennis@mauinvestments.co.uk or call 01332981666