When Is The Best Time To Sell A House?
Timing is key when selling your home.
Many factors play a part in how much you walk away with; such as the best time of year to sell a house.
Seasonal trends do exist in the property market, we'll explain the best and worse time to sell your home.
These tips for selling your house can be greatly beneficial when looking to maximize potential profit.
Traditionally Winter is the worse season to sell your home, and guess what, it still is!
One reason the market slows down is due seasonal commitments, many people try to avoid the stress that comes with selling a house and the pressures of Christmas.
Surprisingly weather is also a major factor when perspective buyers are looking for a new home, the gloomy and depressing weather make it more appealing to stay put.
While there are many downsides to selling in Winter, due to the fact there might not be as many buyers, you can take solace in the fact there won't be as many competing sellers.
Following the traditionally slower selling season, it might surprise you to find out that Spring is the best time to sell your home.
With all the holiday commitments over and Summer on the horizon people are keen to move while it's quiet. It's also great for selling due to the weather!
There's plenty of light and rain, which in return make homes look their best and gardens are starting to bloom.
While the market is full of buyers, remember there are also more sellers looking to cash in on the best season of the year.
A month of mixed results for sellers and buyers, the main reason being the school holidays take up a lot of time from the parents for reasons such as child care and family holidays.
Keeping children busy is a full time job. As the season progresses you leave yourself less and less likely to sell your home, as holiday go'ers peak around August, resulting in the market slowing down.
I would highly suggest getting your property on the market before early July if you don't want to miss out!
Autumn is another month that is positive for sellers. With everybody coming back from their family holidays and the kids back at school potential buyers have more time to look at new homes.
Remnants of the Summer weather will continue to aid property sales, and in return has the same effect as Spring.
Ideally when selling in Autumn it's best to sell during the months of September and October as sales slowly start to decline towards the end of Autumn due to the slump that is Winter.
And The Winner Is...
...Spring! No other season has as many benefits to the seller as Spring. Of course you can sell your house anytime during the year and these tips only serve as guidelines to help you achieve a quick house sale.
Avoiding Winter will also be your best bet to get the most value out of your home.
If you don't agree with any of the points above, please comment below and join the conversation!