It may be one of the (if not the) largest assets you will ever have to sell so it is imperative that we make sure we achieve the best price possible for our home. We took so much time planning and preparing for when we first decided to buy a home. It only follows that when we finally decide to sell our first ever property, we also consider several factors.
In this article, we will tackle the best time to sell your home and what are the common mistakes to avoid when selling your property. We aim to guide you through the selling process so that you would have a great first-time experience when you take your property to the market.
So, how can you know when to sell your investment property?
Check the market’s performance
Like all investments, there isn’t a particular time or period that we can consider the “best time” to sell your property. The market still dictates whether it is ideal to sell.
The demand for real estate properties depends on so many factors so make sure that you check a market’s performance before you put your property up for sale.
Make sure your property value has increased by adding improvements
We highly encourage future home sellers to do upgrades to their properties before putting the property up for sale.
A repaint job could do wonders to your home. Landscaping for your backyard or front lawn will add more value to your property not to mention entice more potential buyers to check it out.
For some upgrades, you can make your property a smart home. Interconnectivity, ease of access from any mobile device or gadget, and one-touch/one-command control of everything electronic inside your home will increase the value of the entire property.
Should you decide to upgrade and make it a smart home, you can also have additional security features like CCTV cameras which can be linked to hand-held devices so that even when you’re traveling, you can check your property from time to time.
Related: Smart Home Technology: Yay or Nay
Your personal requirements for selling your property
Why do you want to sell in the first place? What kind of buyer are you looking for? What is the price you are willing to sell your property for? What are the financing terms that you’re willing to accept?
These are some of the questions that you need to ask yourself before you sell your property.
Check the seasons
All four seasons have advantages and disadvantages when it comes to selling your property.
- Winter. When you put up your property for sale during this season, there won’t be as many options for buyers who are looking to purchase so you can get a competitive price for it.
- Spring. Spring is a good time to showcase your property for sale because this is the time that people start to go out and check out what’s available and for sale.
- Summer. This is the time when most people are outdoors so they are more inclined to purchase properties especially if they can see what it looks like with the sunlight going in and out of different rooms. Twilight midweek auctions also occur during this time creating a great event for buyers and the greater audience.
- Autumn. It’s when there are a lot of different textures and scents in the air because of the changing of the season. Autumn highlights the outdoor areas of your home making it more enticing for future homebuyers.
So many factors affect our decisions when to choose the best time to sell your property so make sure that you prepare yourself properly.
Do you need assistance in selling your property? Our experienced real estate agents are highly rated by our happy clients. Reach out to us and let’s make your property selling process a smooth one. Contact +61 3 9486 2000 or fill out our contact form.