Property Professor Peter Koulizos explains why Autumn could be the best time to sell your home.
Spring time was considered the best time to sell as the football season was over and more people would attend weekend home opens. Spring time is also a great time to have the garden looking wonderful as the weather is getting better.
The problem with selling in the Spring is if everyone else thinks that this is a good time to sell, they too will put their property on their market, thus increasing supply and possibly dampening demand.
However, a 2010 study by RP Data showed that the best time to sell a residential property is in Autumn. This makes sense for a number of reasons.
- The weather is great as we are moving from the hot and harsh summer to the milder months of March, April and May. People are more likely to attend home opens if the weather is nice and your garden (if you have one) can look great.
- Many people make New Year’s resolutions and use the start of the year as a time to act. If they have thought about buying property for a long time but have never done anything about it, the first few months of the year will be when they are most active. Many prospective purchasers are looking for property at this time of year.
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