Moving house is a huge decision, and it is important that we get this decision right so that we don’t lose money or make a bad choice that could affect us further down the line.
You might think that you can move house simply when you have the money to buy a new house if you want to, but that, unfortunately, isn’t the case. Even if you want to move, have the money, and have seen a new house that you really like, this doesn’t mean that you are ready to move, just yet.
There are 3 important conditions you need to be in before you move house, especially if you want to get a good deal and make a smart property and business decision.
They are as follows.
When your house is ready to sell
You can’t move house until your house is ready to be sold and go up on the market. You might think that your house is ok as it is, but it might not be seen that way by real estate agents or potential buyers.
There are certain things that you need to do in order to prep your house for sale and they need to be done before you even start the process of thinking about moving house.
Some of these things include having no unfinished projects, having safe and building control appropriate conditions everywhere, having neutrally painted walls, having good quality bathrooms and a kitchen, having everything clean and organised so that it can be viewed, and knowing what you can and cannot take with you so that they can be negotiated and factored into the price.
Your real estate agent can help you out with this and they can give an accurate price evaluation for your house in the condition it is in now, but it is really important to think about these things before you even begin to think about moving because it can impact the price you get and the interest your house will receive.
When the market is in a stable position
Ah, the housing market. What an unreliable thing.
It is important to think about the market and how much houses are going for before you end up plunging yourself into negative equity further down the line.
Right now, post-Covid, there has been a huge boom in the buying and selling market due to people being fed up in their homes, and houses have shot up in price. This is great for sellers, but not for buyers. Things like sheds, work from home spaces, and soundproofing have also become more important than ever.
You don’t need to get too deep into property politics, but a good idea of where the market is will help you make a wise decision. If the market is very unstable or you are not going to be able to compete in a bidding war, this might not be the right time for you and your next move.
When you aren’t stuck in a selling and buying “chain”
A chain occurs when your house is being purchased by someone whose house is being purchased, and the owners of the house you are purchasing are purchasing another house.
Get it?
If any of these deals fall through, the whole chain can collapse.
This can be hard to avoid but it is really important to think about and take into consideration before you make any sudden moves.
House moves fall through all the time and while this is disappointing, we need to be aware of it so that we don’t lose faith or money.
When the time is right, things will work out.
When the time isn’t right, it is better to avoid moving altogether.
