Experience shows that the next few months are usually the busiest time of year for the real estate profession.
From November through January there is often a rush by home buyers and renters to get accommodation sorted for work, family, schooling or business.
This might mean finalising a purchase, putting a property up for sale or going to open homes in the hunt for the right place to lease.
Historically you might expect approval for home loan finance within two weeks but most loan providers now require at least three or four weeks as the banking industry tightens its application processes to ensure prudent borrowing.
If you are thinking of selling your property it generally makes sense to get it on the market well before Christmas, but by the second half of December you can expect the market to go quiet until late January when it tends to pick up again.
Successful sellers should allow extra time for settlement.
Usually five weeks is enough between the contract of sale and the settlement date, but Christmas and New Year holidays may cause delays with pest and building inspections.
As such, it’s wise to leave around seven weeks for the settlement period at this time of year.
If you have not sold your home before the end of the year you can expect a modest slowdown in the market during the festive season through until late January.
Regardless of the seasons however, at all times it’s very important that a property is priced correctly to invite genuine offers and facilitate a smooth sale.
So if you are thinking of selling, now could be a perfect time to talk to us about current market conditions in your local area and discuss the best strategy to promote your property, to achieve the best financial outcome.
List with us during this holiday break and receive a
FREE home styling consult up to the value of $500.00.