10 tips for downsizers returning to the market

Welcome to "10 Tips for Downsizers Returning to the Market," a practical guide tailored specifically for seasoned individuals re-entering the housing market after decades in their family homes.

Fear of overpaying for a property after being out of the market for so long can be daunting. This guide is designed to alleviate those concerns by providing a structured approach to research, market analysis, and setting a budget that aligns with current property values and your financial comfort level.

By following these steps, you'll gain confidence and clarity in navigating today's market complexities.

THE GOOD STUFF

What to focus on when buying.

Start by assembling a strong property team including a real estate agent to sell your home, a solicitor to attend to contracts and a financial advisor to guide you through the process.
Conduct thorough market research so to understand current market trends, property values, and neighbourhood dynamics in your suburbs of interest.
Assess your financial situation and establish a realistic budget including potential financing options if needed.
Define your must-have and flexible features for your new home.
Plan for any future changes in mobility or lifestyle to ensure the home meets long-term needs.
Get a feel for different properties on the market to refine your preferences by attending open homes.
Understand how auctions work by visiting several from different agencies.
Use your research to negotiate effectively, aiming for a fair price based on current market conditions.
Carefully review all contract terms with your solicitor before signing.
Start to declutter and plan and organise your move well in advance to minimise stress and ensure a smooth transition to your new home.

At Hyde Burchell Buyers Agents, we believe property buyers in Canberra deserve the same expertise and support as sellers and this complimentary resource is just one of many we offer to start you on your property journey with confidence. You can check them all out here.

However we understand that buying a property is about more than just bricks and mortar, so with services starting at just $1000+gst, we offer a range of solutions designed to suit every budget, making empowered property purchases in Canberra accessible to all.

Whether you're a local Canberran searching for your next home, relocating to our beautiful city, or contemplating a change in your housing situation, partnering with us ensures you reclaim your time, alleviate concerns about overpaying, and make well-informed decisions backed by our deep local market expertise and respected position as Canberra’s preferred buyers agency.

If you need more assistance or prefer not to navigate this journey alone, we're here to help. Reach out and have a conversation with us today