Selling a property is a significant endeavor. It is not something you can do in a day or two. It needs proper planning and consideration, such as finding the potential buyer, getting the best price, selling it, and more. Different types of property attract different buyers. The kind of properties buyers want to buy depends on their lifestyle preference and affordability.
In this article, we will read about the things to consider when selling your property in Canberra and the best time of the year to do so.
So, let’s dive in.
Things to consider before you put your property on sale
Before you put your property on sale, there are a few factors you need to consider. These are:
-Proper cleaning and maintenance of your property - from inside and out.
-Remove weeds and dead growth from the garden.
-Check off-putting maintenance issues such as cracked tiles, peeling paint, rusted gutters, and dirty grout.
-Make your home look attractive to present it in its best look.
-Hire professional photographers and market it on the best platforms.
The Best Time Of Year To Sell Property
Many people have different perceptions about the best time of year to sell the property. Some believe that the spring months from September to November, and for others, Autumn is the right season. So, how to know the best time of year to sell your property? Surprisingly, it depends on several factors, such as the area of your property. The best time or month to sell your property is not based on a season or weather but the variance in the local area of your property location.
Is Spring the Best Time to Sell your Property?
In Spring, there is a lot more activity as the weather has shifted up from winter and moving towards summer. The reason Spring is not always the right time to sell your property is that there are more buyers and sellers in the market. Due to which buyers have more options to buy a property. This oversupply of properties makes Spring not the right time to sell a property.
Why are Autumn Months Considered the Best Months to Sell a Property?
The Autumn months of March, April and May are considered as the best months of the year to sell a property. This is because Autumn is a season when the surroundings look beautiful and green. People prefer this time of the year as the best time for property selling because, at this time, people come from the vacations of December and January and have a clear picture of the goal they want to achieve in the year, including buying a property. Compared to Spring, there are more buyers in the Autumn season, so it is the best time to sell your property.
Which Factor Determines the Right Time to Sell your Property?
The major factor determining the right time to sell your property is the supply and demand in the sellers or buyers market. If there are many properties listed in the market, and buyers are not willing to buy, the seller needs to negotiate more on the property's value. On the other hand, when there are not many properties in the market, but numerous buyers, then sellers can increase the prices.
This supply and demand fluctuation is also an important factor in deciding the right time to sell your property.
Although there are several factors to consider when putting your property on sale, make sure to talk to your local real estate agent. From appraisals, property presentations, and buyer procurement to negotiations and marketing, the right agent will help you with everything involved in selling a property.