Tips for selling your Home!!
4 tips to be financially ready if you want to sell your home.
Get your financial ducks in a row
Selling your home can be full of highs and lows, both emotionally… and when it comes to your bank balance.
If you are harbouring an aversion to facing the financial impact of selling (and buying) a home, consider these four crucial points and get a step closer to deciding if the time is right to sell (or not).
1. Where are you now?
Before embarking on a significant financial upheaval, gain some more clarity around your current financial situation. Plenty of money left over after the mortgage repayments? Unruly credit card debt that needs attending to? What is your home actually worth – have you had it appraised by the professionals? It’s time to 'fess' up.
2. Your future self. Will they thank you for this?
Whether you are planning on upsizing or downsizing, a move will impact on the world of your future self – will finances be tight? Will you still be able to afford annual family holidays? Are there additional expenses you will incur with a move such as body corporate fees or increased maintenance costs that come hand in hand with upsizing?
3. Equity. What does it mean and do you have it?
No need to dig out the high school statistics text books, equity is a simple calculation based on your estimated property value less your loan balance. For example, your home has been valued at $525,000. You still have $400,00 to pay on your mortgage. Leaving you with equity of $125,000.
4. What will selling cost you?
Aside from a few extra wrinkles, the action of selling comes with some potentially hidden costs if not addressed early. From preparing your home for sale – is the exterior in dire need of a touch up? Through to costs associated with putting your house on the market – will you go for the full marketing package? Right through to the act of moving itself – will you need storage and/or professional movers? Consider all the expenses, so you’re not left with any nasty surprises.
A love of spreadsheets is an acquired taste, which is why we’ve developed an easy to use worksheet to help guide you, that will give you a clear picture of the financial position associated with your home. While it doesn’t cover everything you’ll need to know, it’s a great starting point for a discussion with a professional.
So get your files and pen ready and download the worksheet included in our eBook To sell or not to sell.
Everyone has a slightly different reason for thinking about moving. But whatever your reason, the desire to move on is a big deal. Download our free eBook 'To sell or not to sell' for tips and advice to help you decide if 'now' really is the right time to move on.
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
Poll: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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91.6% Yes
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8% No
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0.4% Other - I'll share below!
Food and product recalls
These items have been recalled during the last month. If you have any of these items at home, click on the title to see the details:
Product recalls
Avanti, Malvern Star & Raleigh bicycles
Yoto Kids Speaker
Anko Kids Pyjamas
Battery drill chainsaw attachment
Industrial pedestal misting fan
Yamaha adaptor
Zero Tower safety harness
Naturacoco moisturising cream
Thule child bike seat
Food recalls:
Maketū pies mussel pie
The Catering Studio cottage pie
Matakana Smokehouse gravlax/salmon
Our Fruit Box fruit juices
ProLife Foods value packs - nuts, raisins.
YY Dumplings & Fu Yuan ready-to-eat meat products
Waiheke Herbs italian herb spread
We hope this message was helpful in keeping your household safe.