It used to be that spring was the perfect time to sell because the football season had concluded and more people would be there for weekend open houses. Spring is also the best time to make your garden beautiful because the weather is improving.
One drawback with selling during spring is if everyone else thinks that way too, so they too will list their property, resulting in increased supply and possibly reduced demand.
However, a 2010 study by RP Data found that Autumn is the best time to sell homes. Here are just 3 reasons why:
1. The weather is beautiful, as it is changing from the hot summer to the more pleasant during Autumn. There’s a higher probability of people getting out and attending open houses if the weather is good and your garden (if the house has one) can look beautiful.
2. People take time to act on that New Year’s resolution. Some have thought long about buying property and have never acted on it, the first few months is when they will be most active. A lot of prospective buyers are on a hunt for property during these months.
3. Grow flowers that will bloom in Autumn. The season is considered to be the best time to plant seeds, but you want your garden to be teeming with colourful and beautiful plants and flowers during open inspections. If you plant in Autumn, you may have to buy mature plants, instead of seeds or seedlings. Another alternative is to consider plants with contrasting foliage.
To summarise, Autumn is the best time to sell as the weather is still good and the competition is less than in spring. And as we know, less competition; more chance to achieve a premium price too!