In this article
- Are you thinking of listing your property so you can upgrade to a larger and more spacious home?
- Why now is the time to upsize your property and how you might miss out if you wait!
- How you can take advantage of the current market so you can more easily step up into an upsized property.
- Upsize your property today, enjoy tomorrow! Is it that easy?
Are you thinking of listing your property?
In the crisp winter air of June 2024, Greg Fall, Fall Real Estate's Director, confidently declares that the present moment offers an unparalleled opportunity to sell and upsize your property.
Upsizing looks different for every homeowner. Some seek larger spaces inside and out, others crave thoughtful designs and clever property layouts, while some aim to accommodate growing families.
Fortunately, the current market conditions now favour those looking to upsize. This window of opportunity makes the dream of moving to a bigger space a tangible reality.
However, Greg Fall observes a common pitfall: homeowners often wait for their property's value to rise before selling and, therefore, miss out on the narrowed gap between their property's value and the cost of a larger one.
Put simply, when both properties increase in value by the same percentage, the more expensive property increases in value by a more significant dollar amount, leading to higher mortgage borrowing requirements for the purchaser wanting to upsize.
Disclaimer: The information on this website is not legal or professional advice and is general in nature; therefore, the editorial content or articles on this website are intended as a guide only and do not consider your personal objectives, financial situation or particular needs. For more information, please read our Terms of Use and Privacy Policy.
Now is the time to upsize
Greg Fall emphasises the importance of staying ahead of the market trend that is soon to come. Across Australia, property values have continued to rise consistently in 2024. Acting now allows you to outpace the forthcoming market shift, which will most likely be a reality in Tasmania.
In today's market, the conditions are ideal for property upsizing. Previously, buyers needed to be cash buyers or have secured finance to stand a chance in the competitive landscape. The post-COVID era prompted a shift in priorities for many, leading to a surge in demand for larger homes and lifestyle-focused properties.
Now, in the upsizing market, there's ample time to weigh options and make informed decisions. Despite this, there remains a healthy demand for smaller properties, ensuring a competitive environment for sellers.
Smaller properties are swiftly snapped up, often within weeks, reflecting the ongoing demand for the lower price bracket. Conversely, larger homes may linger on the market as sellers seek their ideal price and buyer.
Take advantage of the current market
In the current market landscape, homeowners stand to gain significant financial advantages by selling their property to upsize. While waiting for property values to peak before selling can result in missed opportunities.
Picture a scenario where you're contemplating selling your current property to upsize. In the current market, both your current home and the larger property you have your eye on are sitting in a stable market.
However, in a few months, the rate at which the larger property's value is climbing will outstrip that of your current home. This means that if you wait too long to make your move, the gap between the value of your current property and the cost of the larger one could widen significantly.
As a result, potential buyers aiming for the upsized property may find themselves needing to borrow more, translating to increased mortgage commitments. By acting now, you can position yourself to maximise your financial gains and minimise your borrowing needs when moving to a larger property.
Upsize your property today, enjoy tomorrow
Is it that easy? Absolutely, especially when you entrust Fall Real Estate as your partner. As locals ourselves, just like you, we share the same connection to Southern Tasmanian suburbs and towns as you do to your own.
We possess a comprehensive knowledge of each area, from the finest cafes and shops to essential services, ensuring we guide your potential buyers through every positive aspect of purchasing your property with expertise and familiarity.
Greg Fall has ensured that our Fall Real Estate agents have a deep understanding of the local market and have been trained to recognise the unique value of your property, allowing us to craft tailored strategies for its optimal sale in today's dynamic market environment.
Seize the opportunity today to enhance your living experience. By upsizing now, you pave the way for tomorrow's enjoyment. When considering upsizing your property, it's about more than just acquiring additional space; it's about elevating your quality of life.
Whether you crave more room for your family to grow, desire larger indoor areas, or yearn for enhanced entertaining spaces, the quest for your dream home revolves around fulfilling these essential lifestyle improvements.
For many families, securing extra space to accommodate their evolving needs is paramount. Thus, the pursuit of an upsized home becomes a quest for a sanctuary that can seamlessly adapt to these changing aspects.
The allure of an upsized property lies in its potential to elevate comfort, convenience, and overall satisfaction. From upgraded appliances to innovative storage solutions and impeccably designed architecture, the promise of a better, bigger home in today's market is within reach like never before.
Imagine basking in the warmth of natural light, revelling in added conveniences, or admiring the modern aesthetics that redefine your living space. With today's market conditions offering favourable buying opportunities and accessible borrowing options, the prospect of upgrading holds immense appeal. It enables you to unlock your property's potential and embark on a journey towards a more fulfilling tomorrow.
Timing is everything: Especially if the right time is now!
The timing of selling your property holds the key to your success. Greg Fall imparts invaluable wisdom to his Fall Real Estate agents, drawn from his extensive experience navigating various market trends. This foresight, along with their own hands-on experience and extensive training, equips them to guide clients towards optimal decisions.
Greg states that if you want to upsize your property, the benefits of acting now far outweigh possible outcomes in future market conditions. The future is always unpredictable; however, he concludes that we can use the market clues and trends around us to help us make more informed decisions.
This includes recognising the ongoing uptrend in mainland markets, where property values and buyer demand persistently rise. Drawing from historical market trends, it becomes evident that Tasmania is likely to follow suit in due course.
By seizing the opportunity to sell now, you position yourself ahead of this impending trend and avoid the possible substantial costs on future borrowing. The time to act is now—upsize your property today to secure your financial future tomorrow!
Are you thinking of selling to upsize?
If you are contemplating selling your property to upsize, reaching out to one of our property agents should be one of your first moves. Our team at Fall Real Estate is dedicated to providing practical guidance to homeowners seeking to upsize.
We offer insights on enhancing your current property's sale potential and suggestions on how to conduct effective search strategies to find your dream upsized property.
Tips for buying
Here are some valuable tips for buyers:
- Stay ahead by subscribing to our email alerts, and you'll be the first to receive updates on new listings.
- Search for your dream suburb in our suburb and town profiles.
- Engage with a local Fall agent to articulate your individual circumstances. Our Fall Team will keep an eye out for suitable properties on your behalf before they reach the market.
Tips for selling
Here are some valuable tips for sellers:
- Explore our staff page to identify a Fall agent who aligns with your specific needs and preferences.
- Alternatively, reach out to our administration team and provide details about your circumstances and property location. They are trained to match you with the most suitable agent for your situation.
- Take advantage of our complimentary property appraisal to gain insights into your property's current market value, empowering you to make informed decisions.
By understanding your options and leveraging our expertise, you'll be well-equipped to navigate the upsizing process smoothly and efficiently.
So why wait? Let's work towards you upsizing your property today!
Our recent success stories
Fall Real Estate has had multiple homeowners recently wanting to upsize in the current market who have been beyond happy when they achieve their upsizing real estate goals.
Greater Hobart Homeowners
Homeowners in Kingston have been looking to upsize in the current market:
"It wasn't until we signed up for a free property appraisal that we could confidently determine how much we needed to borrow from the bank and, therefore, what kind of larger property we could purchase. The invaluable insight from our Fall agents has brought us closer to our dream home at a time when the price gap between our current house and a property with more land is smaller."
Our Kingston homeowners were initially disappointed with the decreased value of their property, but they soon realised that higher-priced properties had dropped even more significantly, allowing them to afford the home they always wanted.
Their Fall Real Estate agents promptly took action to list their property on the market and ensured it was sold quickly, allowing them to secure their dream home just a short distance from Kingston. Thanks to our proactive approach, they were able to make a seamless transition to their new, upsized home.
Greg Fall explained to these homeowners that upsizing in today's market reduces the risk of overcapitalising. Although there is always some risk, the chance of financing falling through due to an offer exceeding the bank's valuation is lower. With the Tasmanian property market currently stabilising, there is ample wiggle room for making a sound investment by upsizing.
Lauderdale Homeowners
Current happy homeowners in Lauderdale had signed up for our property alerts and patiently waited for two years for the perfect property to be listed. Their dedication to finding the ideal upgrade paid off when the right property appeared on our property alerts at the right price during our now stable market.
"Receiving the property alerts helped us to stay up to date and also aware of the constantly changing real estate market. Fall Real Estate helped us to achieve our goals to upsize and move to our new favourite town of Lauderdale."
At Fall Real Estate, we are committed to helping you achieve your real estate goals. Our property alerts are just one of the many strategies we use to keep you informed and prepared so that you can move quickly and confidently when the time is right.
Find out what your property is worth!
Now is the perfect time for homeowners to consider upsizing!
Take advantage of the current market conditions with the help of Fall Real Estate. Let us assist you in achieving your upsizing goals.
Are you looking to upsize your property but unsure where to move in Southern Tasmania? Check out our comprehensive Suburb Profiles to find not just your dream suburb but also your dream home, so our agents can help you find it, too!
Choose Fall Real Estate—where finding your dream suburb or town is also part of the adventure!
Disclaimer: The information on this website is not legal or professional advice and is general in nature; therefore, the editorial content or articles on this website are intended as a guide only and do not consider your personal objectives, financial situation or particular needs. For more information, please read our Terms of Use and Privacy Policy.
Skip to content
- Are you thinking of listing your property?
- Now is the time to upsize
- Take advantage of the current market
- Upgrade today, enjoy tomorrow
- Timing is everything
- Are you thinking of selling to upsize?
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