Is winter a bad time to sell your property? If you speak to many real estate agents and property experts, they will tell you never to sell in winter and to wait until spring instead. However, as Sydney’s Eastern Suburbs property experts, we think there are many preconceived notions about when to sell your property, so we’re going to look at the pros and cons of selling your Sydney property in winter.
Pros of selling your house in winter
- Less stock
Because so many people think winter is a bad time to sell, one of the most significant upsides to selling in winter is actually the lack of competition. Therefore, there will be more buyers available to look at your property, and you may receive multiple offers. With fewer options, buyers are also less likely to be “nit-picky” and make more allowances. - Buyers are motivated
While Australian winters may not experience the same blistering cold and snow as those in the Northern Hemisphere, few people willingly go out into the winter weather. Therefore, if any buyers turn up to an inspection, you can assume they are motivated and ready to buy soon. - The cosy factor
When you think winter, you think mugs of hot chocolate, a lively fireplace, soaking in a hot bath, and rugging up around the house. Selling a property in winter gives home-sellers the chance to show off the property at its most inviting and appealing.
Cons of selling your house in winte
- Bad weather
As stated previously, although Australian winters never get truly out of hand, they can still be cold and rainy. On days like this, people are less likely to attend house inspections. However, the same could be said of incredibly hot or rainy days in summer. - Wet weather flaws
Sydney’s winters tend to be quite rainy, which could be an issue if you live in an older property. Older houses can have damp, mould or airflow problems, which become more apparent when it’s been raining for days. - Less light
Not only are the days shorter in winter, but the light levels tend to be lower as well. Although this might seem like a minor factor, it can have a negative impact on your home’s presentation (which emphasises the need for excellent property styling).
Don’t let the season deter you from selling - consider the market you’re in and decide if it’s worth selling sooner rather than later. Here at Wills Property, we boast a range of property management services dedicated to helping you achieve the result you want. Call us today or browse our range of current properties.