Is now the time to sell?

You have probably received countless emails, seen plenty of articles or glanced over a fair few social media posts letting you know that ‘Spring has Sprung!’ over the last month.

If you’re looking into the property market, the chances of seeing messages about the spring season seem to double and that’s because this season is considered particularly important in the world of real estate.

Spring in real estate terms means selling season. During this season market conditions are more favourable for those selling property -- demand is higher and you’re more likely to see price growth.

Many sellers prefer to wait out the colder months to present their properties in the best light possible as Australia warms up. But, it pays not to fall into the trap of assuming that spring is the best time to sell your home simply by virtue of being spring. Seasonal change does not guarantee the best sales results.

So, how will you know if spring is the right time for you to sell?

The first step is to know your local market. Research is key!

For instance, if you’ve been looking into the Sydney property market you’ll know that auction clearance rates are on the up, having recently jumped to a two year high*. This shows that buyer demand is increasing in the market and plenty of potential buyers are on the search for Sydney property. You’ll also know that Sydney median house price did rise in the June quarter* and we’re expected to see further property market recovery.

This means that for Sydney sellers in 2019, Spring could well and truly be the best time to sell.

If you want to be completely sure before you put your biggest asset on the market, the second step in knowing your local area is to get in touch with professionals. Organise a time to get your property appraised by a trusted real estate agent and sit down to discuss what timing will work best for you.

It’s important to remember that the perfect timing to sell your property relies on market conditions, local research, your lifestyle needs and the agent you work with, far more than on a given season.

We are definitely expecting to see plenty of properties on the market this spring and plenty of genuine, interested buyers.

If you’ve decided now is the right time to sell, how do you make your property stand out?

Of course, favourable market conditions and a trusted agent with a proven strategy will go hand-in-hand with the things you can do around your home to achieve a better sale.

There are a few simple steps you can take to prep your property for sale:

De-clutter

Give the property a heavy-duty clean - or hire someone else to do it for you!

Perform general maintenance -patching up walls or fixing that leaking tap will be of huge benefit to your home’s first impression

Style your interiors to suit buyers

Don’t forget your exteriors, landscape the garden and clean up overgrown grass or weeds

These simple, actionable steps will go a long way to getting your property market-ready.

If you’re seeking further advice before you put your property on the market contact us today to learn more.

Courtesy of The Australian Financial Review