Is Selling Your Home in Summer a Good Idea?

hot sun on house

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.

Share:

More Posts

Settling on a strategy for property investment success

Global markets have been thrown into disarray by the coronavirus pandemic, as investors’ thoughts turned from prosperity to survival. While Australia’s share market remains turbulent, the property market has defied 2020’s dire predictions and is thriving. The value of dwellings has swelled 13.5 per cent over the past year according to the latest CoreLogic Home Value Index figures. The growth

June Quarter Market Update

There has been no hibernating for Melbourne’s housing market over the June quarter, with the median house sale price tipping over the million-dollar mark to $1.01 million. While this only represents a 0.2 per cent increase in the last quarter according to recent Real Estate Institute of Victoria (REIV) figures, this follows a record 8.8 per cent growth in the

Sound strategies for winning an auction

You could call watching an auction in Melbourne a much-loved sport. As the preferred selling method, there are a few factors to consider before you let your heart take over and bid above your budget. Unfortunately, bidding at auction isn’t an exact science; there are many methods, and every auction is different. If you are planning on bidding, you’ll stand

Why landlord insurance is a sure-fire win

Taking out insurance is a lot like buying a lottery ticket, with both decisions steeped in possibilities and ‘what-ifs’. However, when it comes to investment properties, landlord insurance is a wise gamble. Landlord insurance is designed to cover the cost of replacement or repair if your residential rental property is damaged as a result of certain events. This type of

Send Us A Message