Should you sell your Melbourne home during summer, or wait until autumn? If you’re wondering when is the best time to sell a home in Melbourne, consider the following pros and cons before selling your property this summer:
PROS
- Spring is generally the busiest sales period, so during summer there may be less homes on the market to compete with yours.
- Spring or early summer is a good time to list your property in Melbourne if it is within a good school zone, as families enrol for the following school year.
- Some buyers find they have more time to browse the property market and organise finance during the summer holidays. They are less rushed and more relaxed, which is conducive to making offers.
- Sellers may also find they have more time to prepare their homes for sale during the December to January holiday period.
- If your home has a swimming pool, mid summer is the optimum time to sell!
- When your home has leafy shade, good insulation, ceiling fans and air conditioning, it is easy to make your home feel cool and inviting to potential buyers on hot summer days.
- Summer is clearly the best time to sell if you live near the beach, but if parking outside your home is congested, hold open inspections at non peak times.
CONS
- Serious buyers sometimes stop looking during peak summer months. They might need a break, be busy with family events or go on holiday.
- Excessive heat may deter some buyers from attending open inspections.
- Very hot weather can take wreck your garden, leaving lawns and garden beds looking brown and dry.
- Air conditioning systems will be under intense scrutiny during summer inspections so if you don’t have really good cooling systems don’t list your home for sale in summer.
- If you list your home for sale in summer, you need to be around to keep the property maintained and ready for each open inspection. So you can kiss a summer holiday goodbye if you’re selling in summer.
Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our Buyers Advocacy Service, and for landlords who are selling, our Vendor Advocacy Service helps vendors achieve outstanding results.
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