Listing your property at the right time can increase your sale price and sell your house faster. But, when is the best time to sell a house? Well I may not have the simple answer you were hoping for. More often than not your personal circumstances will drive the need to sell. Whether you’re up-sizing, down-sizing or relocating for work, you often won’t have the leisure to wait for spring flowers to be in bloom. That’s OK. The good news is that there are many times of year that are great for selling. There are many factors to consider. These include:
- Location of your property
- Strengths of your property
- Community events & amenities
- Local development and infrastructure works
- Public holidays
- Melbourne events
Let’s look at these in more detail, to determine the best time to sell a house in Melbourne.
Sell in Spring. Right?
A common myth is that spring is the best time to sell. Well if you’ve just missed spring, the good news is you don’t have to wait another nine months. Whilst buyers are more active in spring, there are just as many sellers trying to take advantage of this. Sellers are competing with each other. So, Spring can become a buyer’s market. It can become flooded with stock and your property can become lost in the crowd. This dynamic balances throughout the year, such that any season can be successful time to sell.
What’s more important is how your property presents in a particular season. If you have an open fireplace or excellent heating, selling in winter will showcase a toasty and cosy home. A swimming pool in Melbourne has a very limited window for use. So, if a key feature of your house is a pool and outdoor living area, you must sell in summer. How much light do different rooms get throughout the year? If you’ve lived in the house for several years, rely on your favourite time of year. You should know when your house is at its best. If you can’t wait for the right turn of season for your home, don’t stress. Effective property styling will present your home to suit the season.
What’s on in the hood?
Now let’s consider your neighbourhood. This is where a local real estate agent will earn their worth. Your agent should know the local community like the back of their hand. This is one of the most important criteria when selecting your real estate agent. They are aware of any events, pending infrastructure developments or seasonal factors that would impact the success of your campaign. Real estate agents have invaluable advice on not only local events, but also seasonal considerations for your house. A good real estate agent will tell you when is the best time to sell a house. However, beware of an agent that tells you that time is right now. The sooner you list your house, the sooner they can earn a commission. Ask your agent why now is the best time to sell a house, rather than in 3, 6 or 9 months time.
What amenities do you have nearby? Schools, sports grounds, retail. Consider how these can impact traffic, noise, parking at different times of the year and week. Set your open inspections and auction to avoid any times with these inconveniences. If you live near a very busy road, sell in January. Traffic lessens during school holidays.
The Best Time to Sell a House in Melbourne
Melbourne has its own unique considerations. The AFL Grand Final, Melbourne Grand Prix and Spring Carnival can all harm your campaign. We would avoid hosting an open home or auction on any of these weekends if you want to attract a crowd. Consider noise levels from the Grand Prix if your property is near Albert Park. If you live near Flemington or Caulfield, beware of the streets turning into a car park. Buyers will with a bad impression, even if they do manage to arrive at your property in time. To start planning in advance, research Melbourne events and public holidays.
At the end of the day, trust your real estate agent. If you’ve selected a local, they will know the best time to sell a house in your suburb. However, if you’re not ready to sign an agent, consider the factors highlighted in this article.
Emma Tobin, Director and Lead Stylist at The Urbane Property Stylist, holds a B.D. (Interior Design). With over ten years of experience in Interior Design, Landscape Architecture and Property Styling, Emma has earned a reputation for her attention to detail and ability to deliver.