Should I list my home for sale over the Easter long weekend?
Assessing market conditions to determine the best time to list your home for sale will depend on a multitude of factors, including how to maximise the potential pool of interested buyers.
So, with school holidays, the four-day Easter weekend and ANZAC Day on the horizon, should you list your home for sale now, or hold off until after the break?
This year, Easter runs from April 15 to 18, with ANZAC Day on Monday, April 25. At the same time, it is school holidays.
It’s highly likely there will be fewer buyers in the market and some may opt to shelve house-hunting plans to take a break and spend quality time with family instead.
But the reality is there are serious buyers out there – and they are looking.
The holiday period could serve as an opportune time for buyers to pounce with less competition from other purchasers – and this could be a positive if, as a vendor, you’re looking for a quick sale.
There will also be fewer homes available for inspection, which might help elevate the attention your home receives. Serious buyers will be eagerly following the market regardless of whether they getaway or stay at home.
Saying that, if your property does pique interest, there may not be that competitive spirit needed to ramp up the price pressure to net you a stellar result. But that’s where the expert skills of a good sales agent come into play, so it’s vital you do your homework and enlist a respected agent with a solid track record.
It’s also possible there could be a post-Easter/ANZAC Day surge in listings from vendors who decided to off over the holiday period, which will make for a much more competitive market by the time school resumes.
And there’s other factors to consider too, including the upcoming Federal election and constant noise about potential interest rate rises, which might contribute to some resistance in the market in coming months.
Mont Property Managing Director Matthew Podesta said traditionally the winter months had seen slower sales and spring was a hive of activity.
“But in this current market, I don’t think we can isolate a peak selling time,” Mr Podesta said.
“The majority of properties are listed and sold within a matter of days or weeks and we have a steady stream of buyers approaching us for quality homes in sought-after locations.”
Mr Podesta said if your property is already prime for purchase, then the advice is: don’t delay. Just expect that running a marketing campaign during the Easter break could see a drop off in inquiry.
“At the end of the day, even if there may be less buyer activity over the Easter break, it is unlikely to greatly affect the sales result, especially if you sign with an agent who is a skilled negotiator,” he said.
“If your property is not quite ‘sale ready’, then it would be wise to hold off and invest the time in finessing the presentation of your home so you can make the best impression when it does hit the market.”
If a real estate transaction is on your mind, then speak with our team today.