Is It The Right Time To Sell My 1-Bed London Flat?
So…
You own a 1-bed London flat and you would like to buy a new home…
You need to sell your current 1-bed London flat to be able to buy your next one…
Is it the right time to sell your 1-bed London flat?
Some aspects to think about are:
a) Could you update your 1-bed property instead of buying a new home?
b) Do you need to move location due to a new job? If so, could you simply stay where you are and commute in the short term?
c) Is it currently a seller’s market?
d) Is it currently a buyer’s market?
“Please do not rush into selling your current home.”
e) Is it between February and May? This has historically been the busiest time for property sales/ purchases.
f) What will the cost of selling actually be? Remember to include solicitor’s fees, estate agent’s commission, removal van and costs, decorating/ staging, repairs…
g) If you do need to move due to a new job or another reason, could you rent out your current home and rent in your new location?
Please do not rush into selling your current 1-bed flat…
Think about aspects such as the ones listed above and take your time when planning your next move.