When is the best time to sell

Everything has a season – including selling your home. Listing at the right moment could mean more money in your pocket.

Traditionally, spring/summer are the hottest seasons for real estate, with sellers energised by the warmer weather and gardens are looking fabulous with new growth making it a great time to show your home. At this time we see a larger number of properties coming to the market which is great,but prospective purchasers do have a greater selection to choose from.

If you decide to sell in the winter months there is a lot less competition and may get a better price. Another plus is buyers in winter are less likely to waste your time or draw out the settlement.

Of course, there is no perfect date or time of the year to sell as there are always purchasers - people transferring,marriage, separations, immigration etc.

The best advice is you should pay attention to your local housing market and try to list during a seller’s market, when there will be more competition among buyers for your home – which can mean a premium price, a quicker settlement and fewer conditions on the offer.

This is the window of opportunity we are in at present - A SELLERS MARKET

With Banks starting to how signs of increasing their interest rates this week, I am sure will also start to influence the urgency of buyers.

However with spring just around the corner things may change to a more balanced market rather quickly.

Barry McKean
Bayleys Residential Specialist