Selling Your Home in Summer: the Pros and Cons

It’s safe to say that summer is the peak season to buy or sell a family home. According to a report by Google, as the weather warmed up people were more likely to venture out of their homes to look for new ones. 

With Australia’s stella summer weather, there are so many ways you can maximise your home to appeal to a buyer's eye. However, while selling in summer can come across as mostly positive – there are still factors that you must consider when drafting up a pros and cons list. 

Whether you are still debating the best time to sell your property, or have already settled on selling in the summer months, you may still benefit from some of the pointers we have collected below. 

Summer Pros

•    Outdoor space/entertainment areas

With Australia’s summer reputation, most homeowners and their families will want to spend their time outdoors in the backyard while the sun's out. You have the opportunity to do some landscaping – highlight the grass area, garden, or liven up the patio. Extra points if you already have a pool installed – it’s a perfect magnet for families who want to stay cool. 

•    Located close to a beach or river

Houses that are located close to a body of water during the summer months are always of high demand. Whether you have sort-after views or elevated with a fresh, cool breeze, location has a significant impact on when you decide to sell.

•    More buyers on the market with a sense of urgency

For the majority of families looking to settle, you’ll find they’ll want to be in and unpacked before the kids go back to school. It’s also important to note that families will have more time off in summer, with more spare time to look for what they are after. 

Summer Cons

•    Holiday season

While summer is also a very good time to sell, many people go away over the warmer months. While this might mean a lower number of potential buyers, it might also mean that your real estate agent, or mortgage broker, are on holidays too. 

•    High competition

Although summer offers a lot of prospective buyers wanting to get into a home, it also means that competition will be higher to nab those buyers off the market. Your home must stand out from the rest, which can be both a good thing and a bad thing depending on how much work needs to be put into your home to make it ready for sale. 
 
•    Slightly suspicious customers

While not the biggest issue, potential homebuyers may question why you want to sell your home instead of spending summer with family. From assumptions regarding property maintenance to financial debt, prospective buyers will remain curious. It is best to stay welcoming and confident in your choice to sell. 

While all selling seasons have their own list of pros and cons, it is important to remember that selling your home is completely your choice. Knowing that selling is the right decision for your financial position is top priority. 

At Select, we provide no-obligation, quality and free advice to help you reach your financial goals. If you are unsure about when the right time is to sell your property, give us a call on (08) 9417 3399 to speak with one of our brokers.