People have a lot of superstitions when it goes into selling property. I’m calling them superstitions because for the most part, they’re not true or they’re outdated. One of the most common things that you hear people having an opinion on is the best time to sell a home.
Generally it’s common to for people to insist that the best time of year to sell a home is in Spring. It’s a popular train of thought that this is when buyers are most likely looking for a new home and this is when places look their best.
This idea follows from the common knowledge that Winter is the worst time to sell a property. Experienced property developer Tim Manning states that this in itself is quite possibly a reality due to people generally not looking to move during bad weather conditions. No one is denying this, as quite honestly, the entire world slows during Winter time. Unless of course you live in a country close to the equator, where seasons don’t vary as much.
But, for the rest of us we’re stuck with everyone throwing in the towel at this point of the year, whether you’re in the southern hemisphere or the north. You’re unlikely to move a property in the Winter as fast as you would during better weather.
But this doesn’t necessarily mean that Spring is the prime time to put your place on the market. Consider this: if almost everyone is putting their home up for sale at the same time, the housing market is going to be saturated with competition. This means that you’re going to have to fight with other sellers for the right buyer.
There are a lot of other factors that should be considered in this time. Don’t put all your eggs in one basket, as the saying goes.
It’s not just the end of seasons that brings about people lurching out of stagnancy. The end of the financial year is also a great opportunity for many to make new decisions because they’re feeling more at ease with their accounts. This means that people may be in a better frame of mind to purchase a new home.
And to mix things up even more, you may want to even consider selling your home in the Winter time. As mentioned, it is a little difficult to find buyers during this period, but that doesn’t mean they’re not there. The market is also at a point where it’s much more free, allowing your property to stand out! This could be extremely helpful for those selling homes that are not necessarily unique or able to shine amongst a heavily populated sales climate.
Selling your property needs to be unique to the home. There’s many things you can do to appeal to buyers at any time of the year. Try not to feel restricted by things you’ve heard in the past, these are not law. Have an open mind and tailor your approach to selling your property as best you can to the current climate and what buyers are after.