Should you wait to sell, go to market now, or is there a specific time of year when your home might be more likely to sell quickly?
These are some of the most common questions asked by property owners as they ponder when to take their home to market.
The reality is deciding on the right time to sell is highly personal, depending on a range of factors including individual circumstances, what you’re trying to achieve financially with that property and more.
So, let’s ponder the big question: when is the right time to sell?
When the market is right
As we’ve seen over the past couple of years, a rise in house prices in a specific area is often a catalyst for a property sale.
But actually judging when the market has reached its peak and it’s the time is right to sell can be a tricky call to make.
Like any market, real estate has highs and lows, and if you’ve achieved a good capital gain on a property that will help you take the next step in your real estate journey, it could be a good time to cash in and enjoy that gain.
If you’re wondering where your local market is sitting in terms of approaching peak, peaked or declining, it’s a good idea to speak with a trusted agent who can give you the lie of the land.
When circumstances change
One of the biggest prompts for the sale of a property is when your personal circumstances change.
Perhaps you’ve entered into a relationship, your family is growing or maybe you’re looking to move to a new location.
Maybe it’s that the property you have no longer meets your needs and you’re seeking to upsize or downsize, or perhaps your financial situation has altered and now is the time to change your position by selling your property.
The reality is, no matter what the market is doing, people buy and sell property all the time, often due to a change in their personal circumstances which sees them revisit whether the current home they have suits their needs now and into the future.
When your house looks its best
Naturally, if you are set on selling, you’ll want to achieve the best possible price for your property.
And sometimes this means preparation is required in the form of undertaking any necessary repairs, finishing any jobs, and preparing your home for sale.
It’s also worth considering, what time of year can I showcase my house and its features to best effect? Often in real estate we see a trend where a lot of properties come to market in spring.
That’s partly because people want to be in a new home by Christmas and the New Year, and also due to the fact a lot of homes look stunning at this time of year due to gardens being in full bloom.
However, this is just a general guide and really it depends on the property, what it offers, where it is and who it’s likely to appeal to.
If you can factor all those questions in when it comes to considering your timeline for selling, it can be an advantage.