Spring is traditionally considered the best time for selling your home, but should you consider selling in the New Year? 2025 is predicted to see interest rates fall and inflation stabilise…fingers crossed. This could present an opportunity for sellers to capitalise on an increase in buyer numbers, as borrowing capacity increases for potential mortgage holders.
Megan Lieu, Economic Analyst at REA Group states that “At a national level, selling prices in February, March and October were also some of the highest during the year. They were 0.52 per cent, 0.6 per cent and 0.57 per cent greater than the yearly average respectively”. If that trend continues, combined with potentially more buyers with increased borrowing power, then capitalising on a sale during the summer months could be worth exploring.
Less competition
Spring is typically known as the best time of year to sell, but that also means that your home may have more competition, giving buyers the advantage. Putting your property on the market at the beginning of the year gives you an opportunity to stand out from the crowd. With fewer properties to choose from, more potential buyers will get to see your home.
New year, new home
Many people view the New Year as a time to start planning their home and life investments, so they start to look at listings in January. Also, people looking to move before the school year commences, are keen to buy quickly. During the Summer holidays, people who are thinking of purchasing, have the time to research properties online and transition into serious buyers. Make sure your online listing is up-to-date and has plenty of appealing photos to increase your chances of a successful sale.
Increase your chance of a successful result
Some buyers are often desperate to purchase before the holidays, and real estate agents are desperate to get their houses off the market before they go on holidays, so properties are usually bought before Christmas. That means when the new year comes along, there are very few listings, so more potential buyers will view your property and the people viewing your property are more serious buyers. This increases your chances of a successful sale in a historically quiet market.
Focus on your home’s best assets
Summer is when properties with pools and outdoor entertainment areas really stand out. Buyers can instantly imagine themselves living there and soaking up the beautiful warm weather. Before open house inspections, make sure your pool and deck are sparkling clean and appealing. You can make your outdoor area look even more relaxing by adding some pot plants, comfy chairs and styled cushions.
If your home gets cold and dark during the winter, selling in Summer can make your property look even more appealing. Natural light entering the home helps make the rooms look even brighter and warmer. Hiring a property stylist might be an option for you.
Being organised to sell this Summer
For sellers, the New Year is often a time of year that is overlooked, but it can have many advantages. Serious buyers are still out house-hunting and it should be easier for your property to stand out, increasing your chances of a successful result. Be sure to line up agents and conveyancers early on in the process, so you are prepared to move quickly when you receive an offer.
Consider speaking with the team at Harcourts Matthews or Helen Romanowski from BLHL Property Conveyancing. They are both exceptional professionals in their respective fields and work closely with all of our mortgage brokers to provide clients with assistance when purchasing or selling property.
Call 8300 8300 or email info@bernielewis.com.au to chat about your property goals.
