When is the Best Time to Sell Your Home?
You may hear a lot of conflicting reports about the best time to sell your home or investment property. The housing market itself varies as much as people’s opinions.
So when is the best time to sell your property?
It’s important to think about the season in which you’ll sell your home or property. Some property experts claim that spring is the best time to sell. While your home may have a lot of fresh appeal to everyone who’s out and about after a long winter, spring isn’t always the hottest time to sell.
The autumn months actually tend to be the most popular for buying a home. This may have something to do with the fact that people spend the summer planning, perhaps making and kicking off New Year’s resolutions, and by autumn they’re ready to go.
You may have an advantage by selling in a less popular season like winter, however. There will be fewer sellers putting homes on the market so your property will have less competition. Those who are home-shopping in the winter are more likely to spot your property.
Whichever season you sell in, the important thing is to enhance and market your home accordingly.
What is the temperature and weather like? What events will be going on?
Decorate your home with colours to complement the season. Use cooler tones in hot months and warmer ones in cold months. Heat or cool your property so that it’s comfortable on days when prospective buyers come to visit.
Have some professional photos taken of your home with plenty of natural lighting. Market your home attractively so that it has appeal no matter the season. Your real estate agent should provide a lot of support and advice about this.
Above all, ensure that your home and surrounding grounds are clean, tidy and up-to-date with repairs.
Timing is everything
A lot depends on your individual circumstances. You should feel neither rushed to sell right now nor pressured to put off the sale just because of the season.
The best time to sell your home is when you can be prepared to do so. Marketing a property takes some time and effort. If you’re busy switching jobs or with some other major event, then selling your home may only add to your stress.
Make a decision about when to sell that’s in line with your financial and emotional health. If necessary, consider renting for a while until you are definitely ready to sell.
Location matters, too
Remember to consider where your property is located. If you’re right on the coast with great views of the beach, then you might do well marketing your property during summer when everyone is dreaming of their beachside home.
Is your house warm? Well-lit with lots of windows? Cool and breezy? Think about which time of year will highlight your home’s strong points.
Your loan deal
Some people underestimate the impact of finance on the timing of buying and selling property, as well as the time it can take to deal with the banks.
If you’re going it alone, you’ll need to monitor the loan market to determine the best time sell, buy and potentially review your own mortgage to understand whether you’re getting the best possible deal.
Then there’s the back and forth with the bank, and the extensive paperwork.
Of course, mortgage brokers like Funding Options handle this process for you (and no cost to you).
When should you sell your home? The bottom line is it depends on a range of factors.
The best time for you to sell depends primarily upon your personal circumstances. Next, there are steps you can take to boost your chances of selling your home anytime you decide to market it.
Getting the best possible finance and mortgage deal is one of the most important steps in the process. With no out of pocket cost to you, Funding Options takes the stress of organising your loan out of your hands and ensures you get the best possible deal for your needs.
Contact us for a no obligations discussion about your needs.
– Dom Cassisi, Managing Director