When is the best time to sell your home? The truth is, it’s entirely an individual matter. But if you’re thinking of selling your home or investment property on the Balmain peninsula, here are some things to consider.
Is it a good time to sell property?
It’s only a good time to sell your property if your circumstances suggest it’s the right decision. There are a number of reasons why you might want to move home. Perhaps you need to relocate for work, or your dream property has come onto the market in an area where you have always wanted to live. Maybe your children have left home and you’ve decided to downsize.
Another reason why people decide to sell property is to release equity. This can help you to live a more comfortable life in retirement or to provide your children with a vital leg up onto the property ladder. It also opens up other possibilities such as travelling.
Whatever your reasons for wanting to sell, the best time to sell your home is when you feel ready.
Which month are most houses sold?
Many prospective sellers try to list their properties on the real estate market at the time of year when they think most buyers will be interested. Traditionally, spring was considered the best time to sell a home in Australia – the weather is getting warmer, gardens look beautiful, and buyers are filled with optimism as the winter is over.
However, recent research suggests that spring is not necessarily the best time to sell anymore. Autumn is also an extremely popular buying time as the weather is still warm but not too hot, and people don’t have as many time commitments as they do over the busy Christmas period. More houses are now sold in March than any other month.
Winter, too, proves fruitful for sellers; we’ve achieved some of our best results in winter due to lack of supply
And while December is sometimes seen as the worst time to sell a house, there is no bad time of year – there is surprisingly little difference between the numbers of sales in each season. In short, the time of year doesn’t matter, as buyers aren’t seasonal. They will buy when they need to buy. Summer can be the ideal time to sell a beachside property, while winter can make a home feel cosy and inviting.
If someone falls in love with your property, they will buy it regardless of the time of year. Whenever you choose to sell, it’s all about you feeling comfortable with your decision and ready for the next adventure in your life.
Find out more about real estate on the Balmain peninsula
If you are a Balmain resident or you are interested in moving to the area, we are always happy to provide you with all the information and advice you need. Please contact us – our experienced local team are here to help.
Looking for help selling your home or renting your investment property? Our team at Belle Property Balmain support homeowners across Balmain, Balmain East, Birchgrove, Rozelle and Lilyfield. Feel free to get in touch for a no-obligation discussion or property appraisal.