How do you know when it’s time to sell your home?

By James Brown

Making the decision to sell your real estate in Burpengary is not one that comes easy. Often you've lived there for an extended period of time, meaning it contains a lot of memories.

That's not to mention the stress of moving house! Despite this, the number of people selling their homes in Australia has substantially increased throughout September, posting the highest level of new listing since March 2015, according to CoreLogic RP Data.

Here are a few of the main reasons you should consider moving on from your current abode:

It's not the right fit anymore

Is your family squeezed into your home like a tin of sardines due to a new addition? Or perhaps your kids have moved out, leaving you with a cavernous space that you use less than a quarter of?

Regardless, moving into a home that is a better fit could make you more comfortable, in addition to potentially saving you money.

It's become too expensive

There are a number of reasons why a property can become unaffordable, most involving life situations such as losing your job, splitting with your partner or a sudden rise in your mortgage rates.

The Australian Securities and Investments Commission stresses the importance of identifying any financial problems early, before they grow in size and become overwhelming.

The market is ideal for selling

If your home has substantially increased in value and there is an abundance of people looking to buy property in Burpengary, putting it on the market could provide you with significant profits.

Figures from the Real Estate Institute of Queensland show that the median prices for a home in Brisbane has now exceeded $610,000, which will likely have a positive effect on real estate in Burpengary.

Want to know more?

If you would like to sell property in Burpengary, get in touch with the team at Ray White. We have the experience and knowledge required to help ensure your home is sold at a good price.

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