You could find yourself in one of the following circumstances and that could determine the timing for you.
- Moving to a new job location
- Expanding family
- There is a need to free up capital
- Achieving gains from an investment
- You are unable to keep the property anymore
- You are presented an opportunity that is too good to pass up
- Saving for your retirement
Equally, there is not one unsuitable time to sell. Fundamentally, it is not wise to sell when you are experiencing a crisis or you can’t, for any reason, display the property in the greatest possible way. Ensure that you are keen to sell before listing your property for sale.
The Right Season to Sell
The two popular seasons for selling property are: spring and autumn. Customarily, spring has been the popular season to sell because the gardens are looking their best, the weather is typically pleasant, and many buyers are aiming to transfer into their new home before Christmas.
The next favourite selling season is autumn, again due to good weather, and because of the buyers that may have been unable to buy during spring.
You may fell that selling in spring or autumn is the best time for you too, but be aware that there are bound to be more properties listed and that means increased competition for you.
Some people choose to sell when times are calmer, like during the winter months or during the New Year, because there is not as much competition from other sellers and the certainty that even if there are not many buyers, those are the ones who are determined to buy.
The Correct Approach
After you have decided on the right time to sell, come up with a strategy so that you don’t encounter problems along the way and you increase your chances of getting the best price possible for your property. Consider the following when setting up your strategy:
- Make sure the property is displayed for sale
- Determine which type of buyers you are aiming at
- Make sure your price expectations is consistent with comparable sales
- Ensure that you are at ease with the method of sale, like private treaty, tender or auction
- Ensure your agent is experienced, reliable and most importantly a marketeer and negotiator
You can determine if it is the perfect time to sell with some forward planning and mulling about your circumstances. And when you finally decide to sell, make sure all things are in place, so you can get the highest possible value for your property.