When is the best time to sell your property?
While spring and autumn are traditionally known as Melbourne’s premier selling seasons, there are many other factors to consider and questions to ask when making the decision to put your property on the market.
What market conditions could impact the sale?
Overall market conditions and the agent you choose to sell your home, can have a big impact on the result of your property’s sales campaign. It is important to think carefully about who you choose to sell your home and also consider what could be motivating or deterring buyers in the current market.
There is no doubt that we have seen a change in Melbourne’s property market over the last few months, highlighting the importance of partnering with an agent who is able to provide you with honest property related advice and find you the right buyer.
Right now, there’s a range of factors influencing the market, including reduced demand from overseas buyers, tighter lending and the banking sector Royal Commission. While the market faces these challenges, Jellis Craig continues to achieve exceptional results for clients in all market conditions, maintaining a market leading position.
Who are you competing with?
Most people think that the best time to sell their house is in spring or autumn because that is when buyers are actively looking. However, this is also the time that your property will come up against the most competition.
Selling your home before a peak auction period could mean you put your property on the market in a time of high demand. You could essentially jump ahead of other sellers and attract a keen buyer who has been faced with stock scarcity in the market place or someone who has missed out on buying in one of the peak periods. Selling in a quieter market may also give you the opportunity to then buy in a busier market with more properties to choose from.
How is your property unique?
Every home is unique and that’s why each property requires a strategic approach to selling in order to achieve the best possible result. Considering the property’s features is key to ensuring it looks its best at the time of sale and attracts the right buyer. For example, a property located in leafy area with a beautiful garden is likely to look its best in spring. Employing an agent who knows how to accentuate your property’s best features is important.
At Jellis Craig we approach every property and every campaign independently, focusing on each home’s unique features, the vendor’s needs and of course all market conditions that could impact the sale.
If you would like to discuss the best time to sell your home, we would be more than happy to provide our expert advice.