The Best & Worst Times to List…. Your Home
Purchasing in a high and selling in a low is likely to deliver a financial blow and if the intended sale is discretionary, then it’s advisable to hold tight and wait until buoyancy returns. For renovator/investors this may be problematic as turning a property around is crucial to recouping investment and providing funds for the next project. If possible, investors should look to rent out the property, even on a short-term basis which will generate income and allow a buffer while waiting for a better listing time.
Selling hastily can have negative consequences that can carry forward for years to come. If waiting is a realistic option, then waiting is the appropriate strategy. If the need to sell outweighs the current market position, engaging a highly respected agent with a sound knowledge of the local market and local market trends will provide the best possible direction for potential vendors to secure a positive outcome.