The Best Time to Put Your House on the Market
Category Advice
Thinking about putting your house up for sale? Make sure you get it on the market at a time it will benefit you the most! Ideally, you want to get as much interest from buyers as you can, and ultimately maximise the sale price.
When should I sell?
So how do you know when it's prime time to sell? Here's our advice:
Wait for the flowers to bloom
An old rule of thumb in real estate is to wait for the flowers to start blooming before putting your house on the market. Spring and early summer are when market activity is generally at its peak. More activity means more opportunity!
Spring is the best time for a flattering viewing of your property. The sun is out, your home is brighter and your garden more colourful! Interestingly, it has been proven that the warm and inviting weather has a psychological effect on buyers, influencing them to become more open and excitable for change and opportunity. This can be convenient for sellers!
Spring and early summer are all about new beginnings! Hopefully, your property is just the kind of 'new' that buyers are looking for.
Sell when the property market position will benefit you
Season isn't the only thing to consider when picking the best time to sell. You need to make sure the property market is in your favour.
The last thing you want to do is sell in a 'buyers market'. This would mean the number of properties on the market is higher than the number of potential buyers. What you want to do is wait for a time when the number of buyers who are searching exceeds the number of properties for sale. Less competition gives you a better chance at a quick sale, and potentially receiving multiple offers on your property.
Also consider the general financial position your area is in at the time. Low mortgage rates encourage people to buy, as their budget can stretch further to getting the home they want. A spike in job growth is also ideal for sellers, as it means there will likely be new employees on the hunt for housing in your area.
Make sure you're ready
All logistics aside - none of that will matter if you aren't emotionally ready to let your property go! The best time to sell will be the best time for you.
Personal change is going to play a massive role in picking the right time. A lifestyle development, such as a new job, a growing family or a desire to downsize, are some of the most common reasons people decide it's time to move on.
Still taking all of this into account, a personal change doesn't prevent you from timing your sale to also best suit the property market. If you need some help figuring out the perfect time to put your house up for sale, we have a team of experts who have just the right advice for you.
Author: SAproperty.com
