Selling over the Christmas holidays can actually be a good thing
Christmas can actually be a good time of the year to put your house on the market according to these experts
DESPITE what some might think, Christmas can be the best time to sell your property according to these experts. Here is why.
EVERYONE is too busy working out their Christmas plans to think about buying a property at this time of year - right?
Well not necessarily.
Christmas can be a good time of year to sell your property according to these experts.
Buyers agent Zaki Ameer of Dream Design Property said buying mid-festive season might seem unusual but doing so meant you could avoid the most congested and competitive times of the property market.
He said auction clearance rates dropped dramatically so buyers could take advantage of that lack of demand to negotiate a good deal.
“Astute buyers go against the grain and bag a bargain when no one is looking and distracted by the festive season,’’ he said.
He said sellers were often more motivated to get the deal finalised and see the money in their bank accounts.
“It’s no secret the property market slows down over the festive season. However, the market does not shut up shop completely. In fact, it never comes to a halt.’’
Many sellers are keen to tie up loose ends before the year ends and finally selling their home can be one of those.
Ray White auctioneer Haesley Cush said while everyone wanted to wind down and get in the holiday spirit at this time of year, there two groups of people not doing that.
“Those are the people with their homes up for sale and that other group desperate to buy something,’’ he said.
He said Christmas could be a good time of year to sell, owners were discussing their strategies to be sold by or to remove their property from sale over the break.
And buyers were also thinking the same way.
“There is genuine urgency among sellers, so it’s a great time to buy and ironically there is exhaustion and hunger from buyers desperate to buy, which means it’s also a great time to sell,’’ he said.
Property expert, Andrew Winter has some important dos and don’ts to keep in mind if you do decide to sell at this time of year.
He has sold a home on Christmas Eve before, so it can happen.
• Don’t allow your home to be photographed complete with Christmas decorations in view, it dates the listing immediately.
• Don’t start your marketing campaign the week or two before the big day; you may as well wait until first week or two of the New Year. Unless demand is very high and stock very low, you may just want to ignore this point and break the mould before half the suburb lists in the New Year.