Is Summer the Best Time to Sell a Property in Australia?

Summer is fast approaching, and you may be thinking about putting your house up for sale shortly. If you’re now wondering why and how summer will affect your property, we’re going to break down the pros and cons of selling your home in summer.

Have you ever considered the impact that time of year has on you selling your home? Maybe it seems like an afterthought to the selling process. Of course, you have to put specific priorities first – if you’ve bought a house you need to move into at a certain date if you’re selling and moving due to a new job, or any other reason that creates a tighter deadline for the sale of your home. However, if you do have the flexibility, you should consider what difference it will make to sell in the hot seasons.

Location, location, location

Firstly, consider where the type of property and where it is. If you’re considering selling a beachside property on the Mornington Peninsula, it’s probably the perfect time! The interest in your home will skyrocket in summer when that property will be a coveted spot to spend the holidays.

In the same vein, are there seasonal events that happen in your neighborhood or town in summer? If there are more people in your area in the summer months, that likely means more eyes on your ad and possibly more viewers and potential buyers.

Holiday period

Summer is the holiday period, where many offices close and schools are out. Phrasing it like that, you may think people have more time and therefore more opportunity to view properties. However, you’d be forgetting one crucial thing. Or two, actually. Christmas and New Year. This turns summer into the most hectic period of the year. This can negatively affect you as a property vendor due to because potential buyers can be too busy to devote enough time to property viewings, or away on holidays spending time with their families.

Seller’s market

Spring is often touted as the best time to sell your house. It is undoubtedly the busiest time for the real estate market in Australia. Does busiest really mean best, though? If you sell in spring, you’re likely to have much more competition, whereas if you sell in the quieter months of summer, there’ll be less on the market in general and fewer competing properties for sale. Hiring a licensed property conveyancer, like one of the experienced professionals at Jim’s Property Conveyancing Brisbane  and Property Conveyancing Melbourne will be able to go through current market trends and the estimated value that your property may sit at. They’ll also help you through the entire selling period for a no-stress transaction.

Cater to the summer buyers

If you decide to list your property for sale during the summer period, make sure you cater to the season. Start running your air conditioner for a few hours before inspections so that your house is temperate and cool for visitors to enjoy. Make sure you take extra care and attention to the biggest seller – which will be the outdoor area in this season. Accentuate the summer feel with blue or coastal decor. If the light changes dramatically in your house, e.g. your east wall has a large bay window and gets the beautiful morning sun. In contrast, if the other side of your house is primarily dark, then time your inspections and open homes around these ideal periods.

Summer may not be considered the typical peak time to sell your house, but there are many ways you can make it work for you by contacting our team who is professionally dealing with Conveyancing Melbourne and Conveyancing Brisbane.