Whilst everyone in Melbourne will no doubt be breathing a huge sigh of relief if this new proves accurate, it will be even better news for all those property owners in the south-eastern suburbs who have been weighing up whether to make their next move in the property market before the end of the year.
If this has been on your mind; the next four weeks will provide a ‘window of opportunity’ that shouldn’t be overlooked. This is because the period until mid-September is the ideal time to not only prepare your property for the market, so that you can ‘hit the ground running’ as soon as the early Spring market begins to open up, but also put a plan in place to maximise your result when you do sell.
History shows that early Spring tends to be the time when vendors achieve the strongest sale results of the Spring selling season. In case you weren’t aware, there is normally a shortage of property for sale in September, just as there is a large influx of new buyers into the market who are keen to make a move before the end of the year. It’s the ideal environment for sellers.
In contrast, if you leave it until late Spring to list your property for sale, you may find that the number of buyers has dropped, (many will have successfully purchased), whilst some vendors will leave it until they have purchased before putting their own property on the market. The closer you get to the end of the year, the more likely you are to see more properties for sale competing for the attention of fewer buyers.
This trend is likely to be even more pronounced in 2020. Right now, there are lots of buyers who are stuck at home, making use of the extra time to do their research on the property market. This enables them to approach the market with confidence as soon as the restrictions are eased.
As we mentioned earlier, this combination of factors has created a genuine opportunity for some smart bayside property owners. The sooner you start planning the details of your sale, the more likely you are to get a head-start on those who will end up wishing they’d acted sooner.
Not only can you spend the next few weeks taking care of all those little presentation jobs around the house to make sure that it is ‘buyer ready’, but by pre-booking some of the elements of your sales campaign you can avoid costly delays in September. Just imagine how busy the property photographers and videographers, for example, are going to be when the restrictions on property visits come off and people start putting their homes on the market?
So here’s a tip that could help you maximise your result when you sell. To reap the benefits of getting a head-start on the market, give the team at Barry Plant Cranbourne on a call this week to talk about the best way to get you property ‘market-ready’, and how to pre-book some of the essentials you’ll need for your campaign. You can get us 5990 9400 or give your favourite local expert a call on their mobile.
Barry Plant Real Estate
Cranbourne & Frankston