Brisbane winter is over, and it’s the time of year buyers come out of hibernation. When the jacarandas start blossoming around Brisbane, spring selling season is well under way.
Spring is time of the year where the real estate market sees a spike in the number of buyers and an increase in the number of homes for sale. According to property research firm CoreLogic, over the next three months an extra 1,000 auctions per week are expected across all capital cities.
If you’re thinking of selling your home, spring is a prime time to act. Here’s why:
1. Spring is the right time for buyers
Spring sees an influx of buyers within the marketplace as it’s a great time to buy.
Buying in spring allows people to settle into their homes before the holiday period, yet it also allows children to finish off the schooling year at their current school.
Not only does a spring sale fit in well with people’s timelines, it’s also one of the best times to sell your house due to the inviting weather. The days become warmer and longer and your garden flourishes, making your home look more attractive to buyers.
2. More buyers can result in more offers
With the buyers out in force, open homes see an increase in people inspecting homes. Spring is the one of the best times to sell your house as the influx of buyers in can generate more offers. Receiving more offers will give you a better indication of where the market is sitting and allow you to accept an offer that you’re confident and happy with.
3. Higher sale prices
Spring can see higher sales prices due to the increased demand in the market. More competition between buyers drives up the price as multiple people fight to secure the winning price. The demand in the spring selling season can mean that the seller has more room to negotiate a higher sale price.
4. Less time on the market
With increased competition, buyers act quickly thus reducing the amount of time houses spend on the market. If a property comes onto the market, buyers won’t wait around as they don’t want another buyer snatching their opportunity. They’re going to jump straight into inspecting the home and subsequently put in an offer if they like it. The good news for sellers is this reduces their time on market.
There’s no doubt selling in spring has its perks. Not only does your home look more appealing in the warmer weather but it’ll also heat up the sale price, generate more offers and a quicker sale.
If you’re thinking about the best time to sell your house, then use the spring selling season to your advantage. Contact Place Newmarket and get a free appraisal today.
Article by Laura Sinclair