M1. LESSON 2

TIMING YOUR SALE

PLAN TO SELL IN SPRING

Like the tide, the ebb and flow of your local real estate market has its set high and low times. Therefore, it is vital that this is considered when planning your home sale. The first, and most favourable high time begins at the onset of spring — usually coinciding the blossoming buds.

Spring is the best time to aim for a quick high priced sale because lively buyers are at their most plentiful. After a summer lull, where people are often away on holidays, the second peak comes in autumn, although autumn can be a bit of a gamble especially if you mistakenly overprice your home. You really don’t want to be in the position of trying to sell during the dead winter season.

So get out your calendar and plot out your preparations for having your home ready to list on the market for Spring (or Autumn as a second option).

 


 

 

Tip: Unless you are very wealthy, don’t close a deal on your next home until you have closed the deal on your current one. You don’t want to be in the position of paying the expenses of owning two properties at once.