In selling your property, you should know that there are several factors you need to consider. First, you need to determine the current economic condition. If the demand for houses is high, it can make house prices and interest rates go up. This might make it hard for you to sell your house at the price you want.

Second, scope out the market conditions. There are three kinds of market: seller’s market, buyer’s market, and neutral market. Third, you should figure out when you need to move to another home. Because of this, you should determine the best time for you to sell a property.

Here are the pros and cons of selling your house in the four seasons:

 

Spring

Ah, spring–the time when the freezing cold ends, the trees grow leaves, and flowers bloom again. Is it ideal to sell property in the spring?

Pro: The property inventory goes up. Because of this, house inspections have higher turnouts and prices also go up.

Con: If the property inventory goes up, there are many properties buyers can choose from. Meaning, buyers can be picky. Competition could be tough.

 

Summer

Summer loving had me a blast… a popular song croons. Will property-selling also be a blast in the summer?

Pro: School holidays are in, so it can help attracting buyers, especially families if they plan to move but don’t want to affect their children’s schooling.

Con: School holidays are actually double-edged swords. Since the kids are out of school, families are taking advantage of the time to go away for vacation, which results for the parents to have no time to look for houses.

 

Autumn

The world is gradually turning orange and red as the leaves fall. I also smell Pumpkin Spice Latte somewhere…

If you plan to sell property in this season, you need to consider these:

Pro: The weather is mild, which makes it perfect for house hunting. Autumn is less busy than summer so people are more ready to move.

Con: Time runs out faster because winter is coming soon. If you don’t plan to move out immediately after selling, it’s best if you sell your house in another season.

 

Winter

The whole world turns cold. Everyone just wants to stay indoors, savor the warmth, and wait for spring. Is it advisable to sell properties in this season?

Pro: Winter can also be an ideal time to sell because the buyer can see how the property will be affected by rain, snow, and other forces of nature.

Con: The market is slower because most people want to wait for the warmer weather to go house-hunting. Because of this, the prices can lower, too.

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Every season has its pros and cons–it’s up to you to choose when you’ll put your property in the market. Take all of the factors into consideration before deciding, so that in the end, you can say that you’ve sold the property at the best price you can. Good luck and happy selling!

KATHY TSAI

 

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