When is the Best Time To Sell?

There has always been a debate about the best time of the year for selling a home. Some swear by spring, while others claim that autumn is the best season. Whichever season you pick, your decision may be affected by your personal situation and economic factors.

Seasonal & Environmental Impacts

There has always been a debate about the best time of the year for selling a home. Some swear by spring, while others claim that autumn is the best season.

Whichever season you pick, your decision may be affected by your personal situation and economic factors.

Spring

This is the month for daffodils, lambs and spring cleaning, but it is also a time of positivity in the property market. Plenty of vendors see this season as a great time to sell up.

Many buyers take the opportunity to buy a house during this season so that it’s all ready and settled by the time Christmas rolls in.

Because it’s a popular time to sell, spring often brings competition from other sellers.

Summer

During this season, temperatures are up, the sun is out and gardens are flourising. These factors can make any property look its best and prompt many buyers to head out and about to attend open inspections.

However, many families, couples and singles head off on holiday over Christmas time, so sales and enquiries can be on the low side.

Autumn

By this time of the year, people will have settled back into their daily routines after enjoying the holiday season and will be ready to get on with life – possibly leading to a number of interested people in the market.

Whether it’s setting a new year’s resolution of buying a new home or wanting to get settled before the next school term begins, there are usually buyers out and about.

Winter

Most people think winter is a bad time to sell because people won’t want to attend open inspections in horrible weather. It’s a fair enough assumption, but not entirely accurate.

For one, if someone is planning on moving house, a bit of rain isn’t going to stop them. Plus, if these reservations cause some vendors to hold off from selling during these months, there will likely be fewer residential properties on the market at the time – giving your home a better chance.

Economic Factors

Cash rate reductions can cause buyer confidence levels to rise. More people may think about purchasing property as a result.

Also, if the housing supply has dwindled in your suburb, there could be stronger demand for homes in your area.

Market Conditions

The current conditions of the market can also have an influence on when you decide to sell.

For instance, a buyer’s market occurs when the supply of homes for sale outweighs the demand. In this situation,you may need to set a correct price and ensure you have a comprehensive marketing strategy in place.

On the other hand, a seller’s market is one where buyer demand exceeds the number of houses for sale. This could lead you to obtain a high sale price, due to competition amongst buyers.

Low Rates Means Bargain Buying Time

Buying a property as an investment is an exciting prospect. However, there’s an important consideration before you leap into investment territory. Deciding when to buy is as crucial as where to buy. Fortunately, the answer is certainly favorable, given current market conditions.

Favorable Market Conditions

Buying a property as an investment is an exciting prospect. However, there’s an important consideration before you leap into investment territory.

Deciding when to buy is as crucial as where to buy. Fortunately, the answer is certainly favorable, given current market conditions.

Why Buy Now?

Buying property as an investment is all about maximizing your rental yield. If you can secure a property at an affordable price while reaping strong weekly rental prices, you may find yourself with a tidy investment.

Some investors are even able to use their existing portfolio to raise capital for further property purchases.

Whether you’re looking for your first bargain investment property or want to extend your existing portfolio, it’s clear that now is the time to buy.

With an impending population increase and record-low interest rates, investing now could reap rewards in the future.

Acting in the Present to see Success in the Future

If you invest today, you may see strong capital growth in years to come. Acting in the present can lead to success in the future if you secure the right tenants, buy in a high-growth area and ensure there’s appropriate diversification in your portfolio.

One factor independent of your own skill as an investor is the affordability of lending products. Whether you obtain finance to purchase rental properties from a bank or non-bank lender is up to you, but the good news is that record-low interest rates make obtaining finance easier than ever.

The Reserve Bank of Australia has indicated the official cash rate (OCR) should remain stable for much of 2019.

The current OCR is 2.5 per cent, a figure that it has been since August 2013. This rate is a key influencer of lenders’ interest rates. Thus, a low cash rate means more affordable mortgage products, making investment a desirable prospect.

Furthermore, the Australian population is expected to increase in decades to come. Between June 30 2018 and 2019 alone, the population increased by 1.8 per cent, climbing to 23.1 million people, according to the Australian Bureau of Statistics.

Sell your house for cash

This figure is set to increase further, which will naturally put pressure on housing stocks. Investing now may pay off in the future, as a larger population seeks housing options.

Current conditions are favorable to scooping up bargain properties and investing for the long term. Realtors can provide property management services that help maximize your rental yields, while home loan specialists will ensure you get the best finance for your investment properties.

When you work with us, you’ll have access to a broad range of properties across the country. If a vendor wants to effect a quick sale, we can get you in touch with them to secure a great price.