Deciding when to sell your property can be as crucial as the decision to sell itself. Timing can significantly influence your selling experience and the final sale price. However, the ideal selling time can vary depending on the type of property you have. Let’s break it down.
Family Homes: Timing is Key
If you’re selling a family home with features like a pool or a garden, timing your listing can make a big difference. The ideal time to list is during school term, such as February as families may be on holidays in January and therefore are unable to inspect homes. August and September is also a great time to list for sale as buyers have an urgency to be in by Christmas.
If your garden and outdoor is the main feature, consider listing for sale around September – October or towards the end of Summer being February – April. Be careful going to market too close to December as buyer activity decreases.
The Case for Villas and Apartments
On the other hand, if your property is a villa or an apartment with little to no garden, you have more flexibility. These types of properties can be listed for sale regardless of school holidays or seasons. Buyers of such properties may not have the same family-oriented concerns, making them open to purchasing at any time of year.
Investment Properties
A long lease reduces the buyer pool significantly, so the expiry date of the lease really makes a difference. Listing for sale 3-4 months prior to the lease expiring is ideal. However, in our experience a property that is staged and styled will increase the appeal and the sales price. Therefore, it is worth selling the investment property once the tenant has vacated.
Ultimately, the best time to sell your property depends on its type and your personal conditions. Whether you’re listing a family home or a villa, understanding the nuances of timing can lead to a smoother selling process and potentially a better sale price. So, assess your property type, keep an eye on local trends, and choose the right moment to make your move!