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Email: wantirna@hillre.com.au

   

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Sep 7th, 2013 

Spring may see an influx of real estate listings

Posted By Darren Hill in Blog

MOST people think that spring is the best time to sell a home.

And vendors are often attracted to the idea of putting their home on the market in time for what is known as the spring selling season.

But the reality is that while the spring months can turn on some great weather, they are not necessarily the busiest months in terms of sales activity.

Seasonal factors usually play a minor role in the sale of property – which has more to do with supply and demand.

What generally happens in spring is that the supply of property on the market increases but demand may or may not.

An influx of properties onto the market means that buyers have more to choose from and hence reduce their offers in terms of price and conditions.

So despite the hype, spring can sometimes be a buyer’s market.

But that said, this time of the year brings with it a certain buzz. The warmer days mean that more potential buyers are willing get outdoors and inspect properties; and auctions tend to have higher attendance numbers. Activity in the market ramps up.

One of the biggest mistakes that sellers can make, especially in a buyer’s market, is not getting their home in the best possible condition prior to sale.

In the critical early stages after a house is placed on the market, first impressions are vital. A buyer with a negative impression will not be back.

For those who may be getting ready to sell this spring, or any time, here’s a minimum to-do list to help improve your property’s market appeal:

Street appeal – people see your yard as an extension of the house. An unkempt property that is in disrepair or in need of a coat of paint spells neglect. Tidy the yard, rake, mow and do whatever it takes to make a neat outdoor space. The addition of a few colourful pots with flowers and some pavers can do wonders.

Refresh with paint – this is the easiest and most inexpensive way to breathe life into a home, both indoors and outdoors. A coat of paint can lift the mood; change the character of a home; or add street appeal.

De-clutter – some of the best money you will spend is on renting a storage unit and getting the clutter out of your house. A clutter-free, simple arrangement allows for maximum impact.

Clean – make sure your house sparkles. And attend to any dampness or mould, as these are telltale signs that suggest possible leaks, unwelcome expenditure or future health consequences.

However, if you are not quite ready to put your home on the market, don’t stress – it could be to your advantage to wait until summer instead.

While spring has the reputation, research shows that the best time to sell a resale residential property, especially in Queensland, is in late summer – in fact, between March and May; while the best time to sell new property is in the first half of the year.

For more information visit www.matusik.com.au

 

Read more: http://www.news.com.au/realestate/news/spring-may-see-an-influx-of-real-estate-listings/story-fndbalka-1226713135866#ixzz2eFM81XhO

Darren Hill
Director/OIEC Wantirna Office
9800 0700
Email
Darren has lived in the local area for over 20 years. Darren Hill the director and founder of Hill Real Estate himself entered into real estate in 1990. The passion for meeting people and helping people is still Darren’s driving force. After starting his career in franchise companies as an awarded salesperson his vision to be a truly independent agent was shortly realised. His continual drive to improve with a prominent central position are the ingredients to achieve the most respected agent in the City Of Knox/Foothills. Darren believes a career in real estate is rewarding for the people you meet who welcome you into their lives and the sobering experiences and maturity gained from those relationships. Darren is a Past President and current active member of Rotary Club of Knox and received a Paul Harris Fellow in recognition of service. Darren’s passions are his family and motor racing. To experience the Hill Real Estate difference please contact Darren on 9800 0700.
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