How soon do you need to start?

Part of becoming aware of the objective is to be clear around your timing. To do that, you start at the end result you want and work backwards from there to see just how long you’ve got to get this show on the road.

 

You need to allow a good 10 days to get your home on the market. It does depend a little on how you’re going to market it, what method you’re going to choose. But you don’t want to be rushing things or putting pressure on yourself to make decisions, unnecessarily. Obviously, we can’t know just exactly what will happen, but you need to allow the average time on the market to get a contract on your home that is logical.

Now realise that with auction, this may be only a month. It is one of the reasons you might go to auction. But let’s say your average time on market is 30 days. That’s quite a good market, by the way. And then you need to allow about another month until you actually receive the dollars. So, even in a great market, we’re talking about 70 days.

And if it’s not such a good market, you’ll need to lengthen that days-on-market figure and, in some cases, come up with plan B if your plans involve a shorter time frame than that.