3 unbeatable benefits of selling this spring

The spring selling season is now well and truly underway but there is still time to get your home on the market if you’re looking to sell. Sydney’s property market continues to rise and it looks like it will be a great time to achieve a sale that you’re happy with.

What’s more, there are many benefits of a spring sale. Lots of buyers are out and about and keen to purchase their new home before Christmas. Read on for 3 reasons to sell now.

More people tend to be looking

Good weather means people are out and about. This means that there will be many more prospective buyers coming to look at your property.

Of course, this also means an increase in competition as there are likely to be more buyers interested in your home. In turn, this can mean a better selling price for you and often, a faster sale. Right now, the market is looking great, so if you want to catch it before Christmas, feel free to give us a call.

The timing is right

People want to buy before the new year and Christmas break, and ideally be in their new home so they can relax over the summer before the new year kicks off. For this same reason, January and February tend to be quieter, which is why now is the time to attract the maximum number of people to open homes.

As already mentioned, this increases competition and every seller relishes the thought of keen buyers fighting over their property. This increased competition will often drive the price up and help your property to sell faster as buyers try to outdo each other.

People getting in before reapplying for pre-approvals

By the time Christmas and the summer are winding down, many people who have applied for pre-approval have used up the three to six months most lenders offer to take out a mortgage. Once Christmas is over, the whole mortgage application process needs to begin again for many, which tends to make people more decisive.

It’s human nature to try and get everything done before Christmas so that the new year represents a fresh start. For this reason, those people who have loan pre-approvals will be keen to try and purchase their new home before the festive season so that they can settle in before the new year.

What’s the Sydney real estate market doing right now?

Property prices around Sydney continue to rise even after the interest rate rises we’ve seen in the past couple of years. Plus, the amount of properties for sale still appears to be quite low when compared to historical standards.

This is good news if you get in now because you’ll be competing with far fewer properties on the market than if you sit back and wait.

To give you some idea of what is happening currently in the market, Sydney property prices have risen by 10.4% this year alone. This means that they are around 8.1% higher compared to 12 months ago.

Even better news is that auction clearance rates in Sydney are holding fairly steady at around 61.2% but appear to be on the rise. This means that you should talk to your real estate agent to see whether going to auction might be a good idea right now.

And, properties are selling much faster than they were 12 months ago with Sydney properties being on the market for just 29 days before they are sold.

Want to sell before Christmas?

Give us a call and we can discuss what buyers in the market are looking for right now and may even have a buyer waiting for your exact property.