Many people believe that spring is the best time of year to sell property; when homes and gardens are typically looking their best and more people are out and about enjoying the warmer weather.
But what about summer? It might surprise you that your property’s location and features may be a consideration when it comes to choosing when to sell and some homes are perfectly suited to a summer sale.
Advantages of selling during the summer season
- With the majority of the population concentrating on Christmas preparations and vacation time, December and January can be considered quiet months to sell. However, people are more likely to realise their current living arrangements are no longer suitable particularly with all family members at home and extra space required to entertain guests and relatives.
- Relaxed attitudes and excess free time can result in people taking a ‘what-if’ attitude and browse homes for sale and attend open for inspections and they may be tempted by your property.
- You’ll capture the attention of buyers who missed out on buying a home in spring due to too much competition.
- Fewer homes on the market in summer can also work favourably for sellers, as buyers have less choice and more competition when looking to purchase. This can help you achieve a premium price for your home.
- Homes with swimming pools or exceptional outdoor spaces will undoubtedly reap the benefits from a summer sale. Your glistening pool or outdoor BBQ/kitchen area will be appealing on those seasonably hot open for inspection days.
Location benefits of selling in summer
- Homeowners who live in summer ‘hot spots’ i.e. beachside or coastal areas should take advantage of the summer months due to the increased level of tourist activity. Properties in these areas will gain maximum exposure without the need for heavy marketing.
- Holiday homeowners can also take advantage of the summer months to sell their vacation homes. The influx of holiday goers descending on tourist hotspots means there is no better time to put your holiday house up for sale. Offering your home for holiday rental whilst on the market could also be a great way of luring in an emotional buyer who falls in love with the vacation lifestyle your property provides.
There are people looking to buy all year round, however, there are many different factors that you need to take into account when deciding to sell your property. If you do decide to sell in summer ensure your garden and outdoor area is meticulously maintained and your home is sufficiently cooled with air conditioning and blinds to block out the harsh sun.
It’s important to get the opinion of several real estate agents and conduct your own research into how property is performing in your local area so that you can decide when is the right time for you and your property.