The question of when to sell is a hot topic. Most consumers have been conditioned to prepare their home to sell in Spring or Summer. In theory this makes a lot of sense, most of us live near the water, either the lake or the ocean. We love the water and the activities that are enjoyed by all in it, therefore sunshine and warmth along with daylight saving is conducive to a positive attitude towards shopping for a new home.
However, lets think a little outside of the square and consider other options when it comes to marketing our home for sale. If everyone is going on the market during Spring and Summer does this not mean that there is a lot of stock on the market at the same time? Real estate is all about supply and demand, if you have it and no one else does then it will be highly contested. Think like the wolf and not the sheep. It might be a great time to market your home in the depth of winter when no other houses like yours are on the market in your suburb. Buyers are always in the market looking for the right home regardless of the time of the year. This strategy might just be your point of difference and catapult your home to a higher price bracket due to the competition that will be created through lack of stock on market.
One crucial factor to consider if you’re thinking about selling your home is the current state of interest rates. While they have remained stable for the past several months, this may not last. Inflation remains a significant concern, and the Reserve Bank aims to reduce it to around 2% to 3%. If interest rates rise, the value of your home could decrease.
Selling your home now, during winter, could position you as a cash buyer in Spring and Summer. This timing could allow you to capitalize on a stabilizing or correcting market, especially if interest rates increase. By selling in a strong market and buying in a flatter one, you could potentially profit from the exchange. This strategy is worth considering as you plan your next move in the real estate market.
Contact Lance 0401 555 444 to have a no obligation chat.
