When is the Best Time To Sell?

There has always been a debate about the best time of the year for selling a home. Some swear by spring, while others claim that autumn is the best season. Whichever season you pick, your decision may be affected by your personal situation and economic factors.

When is the Best Time To Sell?

Seasonal & Environmental Impacts

There has always been a debate about the best time of the year for selling a home. Some swear by spring, while others claim that autumn is the best season.

Whichever season you pick, your decision may be affected by your personal situation and economic factors.

Spring

This is the month for daffodils, lambs and spring cleaning, but it is also a time of positivity in the property market. Plenty of vendors see this season as a great time to sell up.

Many buyers take the opportunity to buy a house during this season so that it’s all ready and settled by the time Christmas rolls in.

Because it’s a popular time to sell, spring often brings competition from other sellers.

Summer

During this season, temperatures are up, the sun is out and gardens are flourising. These factors can make any property look its best and prompt many buyers to head out and about to attend open inspections.

However, many families, couples and singles head off on holiday over Christmas time, so sales and enquiries can be on the low side.

Autumn

By this time of the year, people will have settled back into their daily routines after enjoying the holiday season and will be ready to get on with life – possibly leading to a number of interested people in the market.

Whether it’s setting a new year’s resolution of buying a new home or wanting to get settled before the next school term begins, there are usually buyers out and about.

Sponsor: Home Buyers ASAP

Winter

Most people think winter is a bad time to sell because people won’t want to attend open inspections in horrible weather. It’s a fair enough assumption, but not entirely accurate.

For one, if someone is planning on moving house, a bit of rain isn’t going to stop them. Plus, if these reservations cause some vendors to hold off from selling during these months, there will likely be fewer residential properties on the market at the time – giving your home a better chance.

Economic Factors

Cash rate reductions can cause buyer confidence levels to rise. More people may think about purchasing property as a result.

Also, if the housing supply has dwindled in your suburb, there could be stronger demand for homes in your area.

Market Conditions

The current conditions of the market can also have an influence on when you decide to sell.

For instance, a buyer’s market occurs when the supply of homes for sale outweighs the demand. In this situation,you may need to set a correct price and ensure you have a comprehensive marketing strategy in place.

On the other hand, a seller’s market is one where buyer demand exceeds the number of houses for sale. This could lead you to obtain a high sale price, due to competition amongst buyers.

10 Top Tips For Property Investing

There are rich rewards to be reaped from property investment, especially in the current market. Follow these tried and tested tips to help you get the most out of your investment. From doing your homework, to getting pre-approval through to understanding what your future tenants are looking for, these tips will help you start building your property portfolio.

Rich Rewards

There are rich rewards to be reaped from property investment, especially in the current market. Follow these tried and tested tips to help you get the most out of your investment

  1. Do Your Homework

Nothing makes for a better investment platform than solid research and a sound understanding of the property market. Start perusing property magazines, get along to seminars, and keep your ear to the ground for any hot property trends.

  1. Get a Loan Pre-Approval

This is a key way to ensure you won’t miss out on the right property at the right time. A pre-approved home loan is a green light for buying and will also give you a realistic idea of your borrowing capacity.

  1. Do the Rounds

When it comes to becoming a seasoned investor nothing can boost your proficiency more than experience. Visit as many properties as you can before putting cash on the table so you know how to spot a bargain – and a rip off.

  1. Apartment Vs House

Decide whether you want to invest in an apartment or a house. There are pros and cons for both options; what may be a better investment will also depend on the area.

  1. Old Versus New

Once again there are pros and cons for investing in new and established properties, so take the time to think about what will be best for you.

  1. Location Location Location

A golden rule for a solid investment is to choose a property close to amenities: transport, supermarkets, schools and hospitals – the more nearby facilities, the better.

  1. Think Tenants

Carefully consider the type of tenant you want to attract before deciding what and where to buy. So, for example, if you’re looking to attract professional tenants you’ll need to make sure your property appeals to that segment.

  1. Maximise Your Finances

Your investment choice will depend on your own personal finances and financial goals, so speak to us about what might be the best strategy for you; also visit an accountant to learn about tax efficient investing – if you don’t have one we can help point you in the right direction.

  1. Keep Some Cash on Hand

Once you’ve bought your property it’s crucial to maintain a slush fund for general maintenance as well as any surprise repair work that may pop up.

  1. Keep Your Cool

While it may be tempting to snap up a bargain, it pays to take some time to negotiate. Don’t take the sale price without haggling – you’ll be surprised how far some sellers may come down.