Selling your home can be a time consuming and stressful process. There’s a lot to consider – should you buy or sell first? When is the best time to sell? How do you choose a Realtor? What’s the best way to market and sell your property? And those are only a few of the major considerations! We want to make sure that you’re well informed of the whole selling process and know exactly what to expect every step of the way. The Harcourts Sellers Guide will cover everything you need to know from start to finish.
When is the best time to sell property?
There are a few factors that play a part when it comes to listing your property that won’t have much to do with the time of the year. Things like personal circumstances and market conditions are going to play the biggest role in choosing when to market your property. However, if the market is right and it is time for you to sell, then it makes sense to opt for the time of year best suited to attracting buyers. Here, we take a look at the benefits of listing your property at different times of the year. “There are merits to listing your home at several different times of the year.”
Selling in warmer months
Traditionally, summer has long been considered the best time of year to sell a property. Your garden and outdoor area will probably look their best in summer, and temperatures mean more people will be out and about and likely to look into an open house. In Vancouver, we see a lot of properties enter the market heading into spring, with April, May and June usually attracting a large number of new listings and auctions. While this means there’s also a lot of buyer activity, if you’re wanting to set your property apart from the crowd you might consider listing your property earlier in the year.
Listing a property around February means you’ll get the jump on listings that tend to come onto the market from April onwards. This may target buyers who have had time off over the winter period and have had time to reflect on their next big move for the coming year, including buying a new property.
Selling in cooler months
While not the traditional time of year, agents will tell you to list your property, winter could still be the right time of year to list your home for sale. One advantage to listing your home during the cooler months is the relative lack of competition, with other sellers holding off until the spring period. With fewer homes on the market, your property has a much better chance of standing out.
The location of your home may also play a part. If your property is within an area which snows, or is nestled at the foot of a mountain range that looks particularly beautiful in winter, you can use the season to capitalise on views and winter activities. It’s also an opportunity to show how warm, comfortable and inviting your home can be in winter. Make the most of features like fire places and wood stoves, light candles, and use plush cushions and warm throws throughout living areas.
Selling over the school holidays
There’s lots of commentary on whether or not listing your property for sale during a school holiday period is a good idea. One school of thought is that this is a great time of year, with people able to view open houses and even attend auctions held mid-week. Another suggests this isn’t the best time of year, with people often travelling away from home, or switching off during their downtime.
There are merits to listing your home at several different times of the year, so ask your Harcourts Realtor which time of year they would recommend for your home and location, as they’ll be able to draw on their market insights and knowledge and make an informed suggestion for your situation.