No hibernating for sellers in winter
Springtime and the warmer months are often lauded as an optimum time to sell property.
However, selling in winter might be the key to earning a higher selling price for your property according to LJ Hooker Bankstown Principal Arthur Deiri.
Mr Deiri said those contemplating selling should get the property on the market now, rather than wait for the traditional spring sale surge.
“There is a shortage of properties on the market right now, and at the same time, the buyers are very active. The result of this is that prices are staying steady or in some cases being pressured upwards.
The general reasoning behind winter traditionally being a bad time to sell is that some people won't want to come out into the cold to trudge around half a dozen properties on a rainy and cold weekend. It's a fair enough assumption, but not entirely accurate said Mr Deiri.
“For one, if someone is planning on moving house, a bit of rain or cool weather isn't going to stop them. There's also the fact that if vendors sell during winter, it will be more likely that there will be fewer residential properties on the market at the time.”
It is simple supply, and demand said Mr Deiri.
“With fewer properties on the market, there is a stronger competition for homes which, in turn, is pushing up prices. Good news for sellers! Winter may be a better time to get the price you want,” he said.
“If you do have the urge to sell, contact us as soon as possible and get things moving,” Mr Deiri said.