Spring is traditionally seen as the best time to sell a property, when the weather is warming up and buyers become more active. However, there are a number of studies which have revealed that autumn is equally as good, if not better than, spring to sell a residential property.
The benefits of selling in autumn
1. Less competition. There are often less houses on the market in Autumn, so there is less competition.
2. Reduced stock on market. As spring is the time when most home owners put their property up for sale, the market can become flooded with stock. An increase in stock can discourage buyers from paying premium prices because there are many other buying opportunities. Reduced stock in autumn increases competition between buyers.
3. Motivated buyers. By autumn, many buyers have recovered from the busy Christmas holiday season and are ready to focus on progressing their property search. Buyers may have made it their new year’s resolution to purchase a property and will actively start looking in the early months of the year.
Tips for selling in autumn
1. Don’t delay listing. The key recommendation for selling in autumn is to list your property as early in the season as possible. The weather is still warm in April and people are inclined to go out and attend open houses.
2. Make open for inspections comfortable. The weather can be unpredictable in autumn, so care should be taken to keep the property comfortable during open for inspections. This might mean checking that both your heating and cooling systems are in good working order before arranging inspections.
3. Don’t forget the outdoors. Thought should be given to the presentation of your garden and outdoor areas. This might include planting flowers that bloom in autumn and ensuring that all dead growth and weeds are removed.
The real estate market is impacted by a number of factors, including the state of the economy, local supply and demand and interest rates. Consideration should be given to listing your property for sale in autumn, when less competition and mild weather can facilitate a quick sale.
The legal process for selling your property involves some forward planning and preparation. Our team of property specialists can help by preparing the contract and advising you on the process.
If you or someone you know wants more information or needs help or advice, please contact us on (02) 8014 5885 or email firstname.lastname@example.org.