Monday, December 6, 2010

When Is The Best Time To Sell Your Property?

There are a couple of periods during a year when it is a good time to sell a house and a couple of periods when it is definitely not a good idea. In this article we'll look at both periods and discover WHY it is a good or bad time to sell.
Ask an estate agent, of course, and they will tell you any time is a good time sell. That's because they are after your business - especially during those 'quiet' periods when they traditionally suffer for business.
However, a bit of common sense will tell you that that is not the case.
Good Times To Sell
Regardless of the time of year, the best time to sell your property is when the market is full of buyers. They will try to outbid each other for the houses on offer and push prices up right across the board. You can take advantage of this by marketing your home at this point.
However, it is a rare year when this happens for a full 12 months. The seasons generally determine the best times to sell and achieve a quick, profitable sale.
The best season in a year to sell is Spring. It is a time for fresh starts, new beginnings and the time when most people get the urge to look for a bigger, better home. The weather is improving, gardens are looking nicer and your property will be looking its best in the better light.
In addition, with the kids back to school after the Christmas break parents are freer to start house hunting.
From February right through to June the market will be much, much busier than at any other time of the year and it is the ideal time to put your property on the market.
It's not always possible to for a homeowner to put their property up for sale in the Spring so another good time to sell is a couple of months in Autumn. This isn't as good a time as the February-June window, but it is still decent.
Again, the kids are back at school after the Summer holidays and parents can focus on the house hunting. The weather is still acceptable and some people want to move before it turns nasty.
The best months are September and October, though you may be ok in the first couple of weeks of November. After that, the market will die off very fast.
Bad Times To Sell
Winter is an obviously bad time to try to sell your home. The combination of the weather, school holidays and money spent on gifts means that potential buyers dwindle to almost nothing.
November and December are terrible months for the housing market and it only really begins to pick up towards the end of January.
Perhaps surprisingly, Summer is also a bad time to try and sell, especially in August. You might think with the good weather it would be the ideal time but because of school holidays and those without children jetting off on holiday themselves there is very little activity.
Spring, or at a push early Autumn, is definitely the best time of year to sell your property. So call me today and lets talk about when we can put your property for sale in Spring. 

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