Home / World News / The best time to sell not always cut and dry

The best time to sell not always cut and dry

With the cooler months upon us, many sellers may be questioning whether they should list their property for sale in the lull of winter or hold off until spring when gardens are in bloom and the sunny weather attracts more people outdoors.

But do seasonal circumstances really impact the sale of your home?

The Agency Perth Property Partner Vanessa Barry said bad weather could deter potential homebuyers.

“I find it quite difficult to have home opens when it’s 40C – people like to be in the comfort of air-conditioning and tend to avoid going out whenever they can,” she said.

“Some people don’t like to go out in winter, but it’s actually a good time to check out home opens – it’s probably one of the only activities you can do when it’s pouring with rain too.”

Ms Barry said the spring months were also optimal for selling, thanks to the end of the financial year and cold weather.

“Stereotypically springtime is often the best time to sell – coming out of winter and just after the financial year around September is when there is an influx of properties on the market,” she said, adding that the holiday period between December and January was also an ideal time to sell.

“After working in real estate for 13 years, I’ve heard people say the holiday period is the worst time to sell but, statistically, over the past few years it’s been the best time.

“When the festive season is over, that period between January 10 and the back-to-school time is generally quite busy.

“Buyers see it as the ideal time before the busyness of the new year kicks in, plus a lot of people tend to have time off, allowing them to attend more home opens.”

In the current sellers’ market, Realty Lane Property Consultant Matt Nylander said there was no reason for sellers to hold off on selling simply because of seasonal conditions.

“We’ve got an influx of people about to hit Western Australia and we’re expecting a lot more people coming in than going out, so stock levels are critically low already,” he said.

“If there’s going to be 50,000-60,000 people coming in with only 8000 properties available, it’s going to be a problem, but a good problem to have if you’re selling.”

As for the best time of year to buy a home, Mr Nylander said it was best to see how the market was performing – with such little housing stock available, buyers had to make quick decisions.

“The same rules pretty much apply for buying a home,” he said. “Obviously if there’s more stock, there’s more to choose from, so you have a bit more power as a buyer.

“We’re in unprecedented times as far as what the market is going to do, it’s very much driven by supply and demand.

“While the supply is low, you’ve got to act quite decisively as a buyer.”

About brandsauthority

Check Also

Brodie signs on to stay in England until 2030

Brodie Croft has agreed a huge eight-year deal with British Super League club Salford ending …

%d bloggers like this: