We’re often asked whether it’s the right time to sell a property. The answer isn’t always straightforward—but it usually comes down to one key factor: your next move.
What Comes Next Matters Most
When you’re thinking about selling, the most important consideration is what you’re planning to do after the sale. Whether it’s purchasing another home, moving cities, investing elsewhere, or putting the funds toward a personal goal like travel or a wedding—your reason for selling shapes the timing.
Claire recently spoke with a friend who had relocated and was now looking at selling her existing home. For her, the goal was to buy in her new city. In that case, selling made perfect sense—it allowed her to take the next step with confidence.
Buying and Selling in the Same Market
If you’re selling and buying in the same market, the conditions usually balance out. Property prices may fluctuate seasonally, but you’re likely to sell and buy under similar conditions. This can provide more certainty and allows you to move forward without waiting for “the perfect time.”
Trying to pick the peak of the market is tricky. Most people aren’t monitoring real estate trends closely enough to time it perfectly—and that’s totally fine. The key is to make the move when it suits your life, not just the market.
The Cost of Waiting
Deciding not to sell often comes with its own challenges. If you’re not planning to take action now, it’s worth asking: what’s the alternative? Holding off might feel safe, but it could delay plans or even cost more in the long run—especially if you’re missing opportunities in your new location or holding onto a property that no longer serves your needs.
Sometimes, the best decision is to move forward now so you can make real progress toward your next goal.
Moving Toward a Better Situation
Ultimately, it’s always a good time to sell if the result will improve your situation. Whether that means downsizing, relocating, reducing financial pressure, or getting into a home that suits your current lifestyle—taking the next step can be the most empowering move you make.
Let’s Talk About Your Next Step
If you’re thinking about selling and want to understand what your options look like, we’re here to help. At My Mortgage, we’ll walk you through your borrowing capacity, explore your goals, and support your journey from sale to settlement.