When Is the Wrong Time to Sell Your Home?

Author
YNM Real Estate
Date
18 December 2021
Category
News

Most Australians view spring and summer as the best time to sell a home. Popular belief is that buyers will be feeling energised, gardens will be in bloom and the sunny blue skies and warmer weather will make for a more appealing home and therefore an easier and quicker sale.

There is only one problem with this idyllic view – if everyone is thinking along these lines, there are going to be so many homes on the market that buyers will be spoiled for choice. The high levels of competition may make it tough to get your price. So many homes to view – some will fall off the buyer’s radar simply because there isn’t enough time to get around to all of the options. Don’t let your home be one of those that are missed or undervalued just because of the level of competition in the market.

The right time to sell depends on many factors – the property, its surroundings and the area in which you live. Are you located at the seaside? In a tourist location? Are there major events that happen at certain times of the year that result in your normally quiet suburb turning into a noisy festive occasion?

If you are thinking of putting your home on the market – why not try for a winter sale? There will be far less competition from other sellers – and probably just as many buyers out there. Buyers are in the market to but because of their own reasons – not because of the season. With fewer properties to choose from, more buyers will get to see your home. If a buyer has sold their home and needs to buy a new home – why would they wait until spring to do so?

The Australian climate is moderate – you won’t have to deal with open houses during snowstorms or blizzards. Your garden may not look as pretty as it might in summer – but with a little attention it can still look appealing.

So all in all, the advantages of putting your home on the market in the so-called “off” seasons, may very well outweigh the disadvantages, and with a little extra effort you could very well land up with a far better selling price in autumn/winter than in spring/summer.

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