How to Prepare your home for the Spring Selling Season
Prepare yourself....the spring real estate selling season is coming
The Real Estate Market
Prepare yourself... Spring is coming.
There is a widespread belief among Australians, even globally, that spring is the best time to sell your home. The perception is that buyers are awakened from their winter hibernation with a sunny disposition amid the emergence of leaves, birds, bees and warmer temperatures.
Economics 101 states that in an ideal world, supply will meet demand and vice versa. Common tradition dictates that both supply and demand increase substantially during spring, but the market still leans towards those who are selling.
In spite of this, the property market throughout the colder months has actually been incredibly hot, especially in Sydney and Melbourne. This is likely due to the unprecedented low cash rate making home loan repayments easier to manage through decreased interest rates.
Statistics from CoreLogic RP Data show that homes in select areas of our capital cities have been spending as little as 16 days on the market before being sold.
Here are a few tips for selling your home in spring, as we can only imagine what the season will bring.
Do a Spring Clean
In this heated time, you will be competing with a number of other sellers so it's important that your home is spick and span. Before you put your home on the market, it's often a good idea to start the removal process.
Any hoarded items that you never use like the rowing machine and your grandmother's old couch from the 60's should be disposed of or donated to a cause. If you can't bear to let them go, consider a temporary storage facility.
You should also impose some order and straighten up your closets.
Now that your home is tidy and decluttered, it's time to get the gloves on and do some cleaning. It's important to pay attention to the small details, some of these include:
- Washing the windows (inside and out)
- Wiping down all light fixtures
- Polishing all door knobs and tap fittings
- Laundering curtains and dusting blinds
- Removing any cobwebs
Don't Forget the Exterior
This is the first thing potential buyers are going to see, so it makes sense to ensure your curbside appeal is in ship shape.
Peel off your cleaning gloves and slip on some gardening ones, as you should pull any weeds and consider planting some new flowers. This can add some vibrant colour, while taking advantage of the spring concept of new life.
Once the gardens are looking fresh, roll out the lawnmower and give your yard a good military trim. If there are any bald or overly yellow patches, give it a dose of grass seed and fertiliser.
Just like the inside of your home, you should remove any clutter like the rusting trampoline and broken swing set. Washing the exterior of your home is also a good idea, as grime can compound over the years.
Give it Some Vitality
If your home is lacking some lustre, a new paint job can spruce it up and bring it back to life both on the interior and exterior, while still remaining relatively cheap.
Regardless of how much you like your bright pink feature wall, it's a good idea to stick to more neutral tones. You're trying to appeal to the masses remember!
It's not just your home that can benefit from some paint. You should also consider giving your mailbox and surrounding fence a fresh dab too.
Use a Real Estate Agent
Given it's the selling season, there will likely be fierce competition from multitudes of both buyers and sellers springing into action.
Having a real estate agent to help you with the process of selling your home can really make a difference when it comes to standing out from the crowd.
Not to mention being able to handle any negotiations you may have with potentially difficult buyers!