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How to decide when to put your property on the market

Deciding when to put your property on the market can sometimes seem like you’re taking a punt. But before you make the decision to sell, check out Robinson’s tips on how to determine when it’s the right time to sell, for you.

Market influences

Before putting up the ‘for sale’ sign, research the property market in your area to determine whether you are in a buyers’ or sellers’ market, and if there are lots of properties like yours available.

And if planning to buy another property, it is also vital to consider how much borrowing power you will have to fund your next property purchase, if mortgage lenders are willing to give you a loan, if you will be selling at a loss, if there are local infrastructure projects underway that will affect capital growth and whether there is a sufficient supply of properties on the market that suit your needs.

Seasonal influences

Believe it or not, selling a property in a particular season can have an impact on its success at auction. Spring is often seen as the best time to put a property on the market as the warmer weather and blooming flowers give gardens a fresh, vibrant and welcoming feel. Because of this, though, there can often be an oversupply of properties on the market during springtime. Similar to spring, autumn often brings pleasant temperatures and pretty gardens to properties, making it a great time to sell before the chilly winter temperatures set in.

While most people think of summer as a time to relax and enjoy the festive season, it can be a good time to sell because there is less competition on the market, making your home stand out. Finally, while winter may be the last season you think of when selling, it can enhance the sale appeal of your home if it features a fireplace, low ceilings, central heating and large light-capturing windows.

Personal factors

It is important to remember that sometimes, regardless of the state of the property market or the season, there will be personal events or decisions that will determine whether to sell or not. You may need a property with more space for a growing family, or you may need to downsize after the kids move out. Perhaps it’s a new job and you have to move closer to work, or you wish to be closer to family. Whatever your reasons for selling, do not be discouraged by the market fluctuations or seasonal influences, so long as you make the best decision for you.

At Robinson, we nurture the bond with our clients, through a dedicated focus on customer service. We are with you every step of the way, providing support and expert guidance. We always welcome better.

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