7 Essential Tips for Upsizing in Today’s Property Market
Thinking of upsizing your home? Discover 7 expert tips from our team to navigate today’s market, attract buyers, and get the best value.
The New Zealand property market is in a holding pattern right now. Prices are steady overall, but certain areas are holding their own better than others, while some are finding it tougher to attract buyer interest.
Recent OneRoof-Valocity data shows mixed results across the country. Arrowtown, for example, has seen values jump an impressive $178,000 in just six months, while Christchurch is up 1.6% since January. On the other hand, Wellington has slipped 1.3% over the same period, with government redundancies weighing on the local economy.
Nationwide, price growth has stalled despite the Official Cash Rate (OCR) dropping from 5.25% to 3.25% since September 2024. More sales are happening, 12% up on last year according to the Real Estate Institute, but stock levels are still 5% lower than a year ago.
In other words, buyers are active but cautious, and sellers need to be strategic — especially if you’re upsizing. Selling and buying in the same market can be a huge opportunity, but it takes the right approach. Here are our top seven upsizer tips for today’s market:
1. Get Pricing Right from the Start
Overpricing is the quickest way to stall a sale. While fewer homes on the market might seem like less competition, flat prices mean buyers aren’t stretching beyond market value. An overpriced property will linger, and may eventually need a price drop, not the outcome you want.
2. Choose Experience Over Guesswork
Work with an agent who knows your area inside and out. A thorough Comparative Market Analysis (CMA) ensures your home is priced competitively and realistically from day one, setting you up for stronger offers.
3. Understand Buyer Psychology
Flat prices mean buyers feel no urgency. They’re weighing up their options and waiting for the right home, so your property needs to stand out as the obvious choice. Presentation, marketing, and pricing all need to align.
4. Invest in Strategic Marketing
Getting in front of the right buyers matters. That means professional photography, a standout video tour, and a strong social media campaign, backed by a marketing plan that captures interest where your ideal buyers spend their time.
5. Highlight Your Value Proposition
In a cautious market, buyers are selective. Affordable upgrades like fresh paint, modern fittings, thorough decluttering, professional cleaning, and home staging can make a world of difference to perceived value.
6. Think Beyond the Sale
It’s tempting to hold off selling, but remember, you’ll also be buying in this market. If you’re upsizing, today’s conditions mean you’re likely to get more house for your money now than if prices rebound.
7. Be Patient and Flexible
A quick sale is less common in a flat market, so manage expectations and be open to negotiation. Patience, paired with the right strategy, often leads to a better result.
Upsizing in today’s market is about strategy, patience, and perspective. Sell smart, buy smart, and you could end up in a better home without stretching your budget.
If you’re considering upsizing, the team at [Your Business Name] can guide you through every step, from preparing your current property for sale to securing your dream home in today’s market.
Let’s discuss your home selling strategy.
By choosing us, you’ll benefit from our expertise and commitment, ensuring you feel confident and valued throughout the entire process.
