When Is The Best Month To Sell A Property? (Ep187)

When Is The Best Month To Sell A Property? (Ep187)


Many believe that the spring months of September,
October and November ought to be the best time to sell your property or your house.
But when is the best month to sell a property? Well it may surprise you that it actually
depends a great deal on the area your property is in. Hi, I am Ryan from Onproperty.com.au your
daily dose of property education and inspiration. And that’s right the best month to sell your
property isn’t necessarily based on a season or based on the weather but it’s more likely
based on variance in the local area that you are in. Let’s look at this in more detail.
It is very common for people to say the best time to sell your property is in spring and
in some cases this is true. We do see a lot more activity in the spring months as a general
consensus and there’s a lot more people up and about because obviously the weather has
eased up from winter and it’s going into summer and just nice all around. But the reason spring
isn’t always the best time to sell your property one of the reasons is that in springtime yes
there’s more buyers in the market but there’s also a lot more sellers in the market and
because there’s more supply and more houses on the market it means that the buyers have
a lot of different houses that they can look at and choose from if they want to purchase
a property in the next month or so. This oversupply of houses means that spring isn’t always the
best time to sell your property. Another great time to sell your property apart
from spring could be the autumn months of March, April or May. Early on can be great
because often the surroundings of your property looks fantastic with the colors of the trees
and the sun drops a bit lower in the sky so you can get more sunlight into your property
in some circumstances. And another reason that people have said that autumn might be
a good time to sell a property is that people have come from the December and January holiday
months and they may thought about what they want to achieve in the year, what kind of
property do they want to buy and now that they are through February and into the swing
of things with work and everything like that they may now be in a position to buy and they
have the knowledge from spending that time at the start of the year thinking and dreaming
about the property they want to purchase this year. So this could mean more buyers in the
autumn months but because there’s none of that stigma that autumn is the best time to
sell your property it means that the oversupply that we can sometimes see in spring doesn’t
always necessarily happen in autumn. The months of December and January are generally
considered pretty bad months to sell your property but again it does vary on area. They
are considered bad months because obviously it is coming up to Christmas and people winding
down and they’re not really thinking about the goals and the properties they want to
purchase. Everything just seems a shutdown on Christmas time. And in January there are
a lot of people who are on holidays and who aren�t really looking at property in their
local area at that time. Winter is often seen as a poor man to sell
your property as well because truthfully I don�t know why and I haven’t actually looked
into the statistics as to what the winter months are like but obviously people stay
inside malls, people are more conservative in winter and so maybe that’s why winter has
that stigma about it. But truthfully choosing the best month to sell your property is more
about your local area than it is about the seasons across your country and specifically
we’re talking about Australia. Supply and demand are often going to determine
whether it’s a seller’s market or whether it’s a buyer’s market. If you got a lot of
properties on the market and not many people willing to buy well it’s a buyer’s market
and that’s how to sell your property so you need to negotiate more. If you don’t have
many properties on the market and you have a lot of people wanting to buy well that makes
it a seller’s market and it means that you can negotiate harder as the seller and you
can also push up prices. But this fluctuation of supply and demand does happen on a very
local basis. It could be as a result of new developments that have been released, it could
be as a result of the general market feeling. If things are optimistic then more buyers
are in the market and it can push prices up. If the government does a grant like the first
home buyers grant or the the first home buyers boost that we used to see in New South Wales
that can push prices up for a season making it a great time to sell even in the winter
months. And also interest rates can affect the supply and demand as well. As interest
rates go down houses become more affordable. People then kind of step up how much they
would be willing to pay for a house because interest rates are so low and so that can
drive demand and help you get a higher price for your property. There are a lot of different factors that
you need to take into account where on seasonal factors is just one of many. So talk to your
local real estate agent. Keep researching the areas so that you can keep your finger
on the pulse. And try and decide when is the best time to sell your property not by what
the sun is doing or by what the laser is doing but based on how your area is performing and
how much you can get for your property at a certain point in time. I hope that this has been helpful for you
choosing your month. Really the answer is you need to go out and you need to do more
research in your specific. The easiest way to do that is to talk to a couple real estate
agents. Obviously don�t just talk to one because they might just decide that the best
time to sell is now because they want to sell your property and get the commission so talk
to a few different real estate agents see what you can find. And if you are ever trying
to sell a positive cash flow property please email me [email protected] and I can
list it inside On Property Plus which is my membership website. Every week I list positive
cash flow properties and the people inside my members area are very interested in positive
cash flow properties. There are moments I find them all myself but if you want to email
them then it makes my life easier and it opens the doors to new properties for my members.
If you want to check out On Property Plus go to www.onproperty.com.au/plus . So until tomorrow remember that your long-term
success is only achieved one day at a time.

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