There are many factors that influence when the best time is to sell a house. To sell your property the right way, you should be clear on the following aspects.
Apart from external causes beyond your control, it is mostly your personal reasons for selling your house that affect the sales process. Selling due to old age or financial difficulties is something that generally develops slowly over time. It is foreseeable and allows you to prepare for the sale in due time in order to achieve the best possible result. If you are selling for health reasons, on the other hand, this is often unexpected and requires an expeditious sale. Many real estate agents want to exploit favourable market conditions - because the lower the interest rate, the higher the demand for property as capital investment. In this case, there are more prospective buyers, and they also have an increased willingness to invest. If interest rates go up, other investment opportunities become more attractive again, and property prices decline.
If at all possible, also consider which time of year is best for selling a house. After all, each season has its advantages and disadvantages. In spring, the garden is blossoming, there is plenty of daylight, and the house will look its best on property profile photos and during property viewings. Furthermore, families in particular tend to move during the summer holidays and will start looking for new properties in spring. At first glance, autumn and winter might not seem ideal. Presenting your property in the best possible light can be quite a challenge in winter. The weather and the leafless trees and plants make the house appear bleak, and the mud quickly makes the surroundings appear dirty. In addition, winter is Christmas season, which is the most hectic time of the year. Autumn, on the other hand, has a charm of its own. The low angle of the sun and the reddish gold play of leaves create a warm atmosphere that will bring out the best in your property. It should not be underestimated that, for many private sellers, spring and summer are the preferred seasons for selling their property. That is why fewer properties are up for sale towards the end of the year, although demand is more or less constant. This results in faster and more profitable closures in these months.
Engel & Völkers will advise you on when the best time of year is to sell your house, because you should not overestimate the impact of the seasons on your house sale. Actually, there is no longer a distinct season for property sales nowadays. Permanent internet accessibility allows users to search for properties at all times, and the number of visitors on internet portals remains constant throughout the year. In the end, each buyer has his own personal reasons for buying a property, and these reasons outweigh any seasonal considerations. Equally, your personal reasons for selling your property should be the deciding factor for when to sell. Draw on our 40 years of experience and expertise to find the right sales strategy for your property. Thanks to our worldwide network across 40 countries and 300 locations, there is always a knowledgeable and competent Engel & Völkers consultant near you to assist you with selling your property the right way.