As the New Year gets under way after the festivities of Christmas, more people decide to buy and sell property than at any other time of the year. In educational institutions alone, personnel changes at the beginning of the scholastic year mean more people moving inter-state or from one town to another. What does this mean for home owners?
For those who have been using the leisure afforded by Christmas and New Year to try and reach a decision about their future home ownership plans, it’s worth capitalising on the larger numbers of buyers in the market by putting their homes on the market. After all, the extra daylight hours of summer are convenient for buyers, enabling them to carry out inspections after work finishes in the early evening, rather than confining their inspections to the weekend when they are busy with children’s sport and social activities. More choice of inspection times means more people through in a shorter time frame, with the potential for a quicker sale.
And of course, when buyer numbers are high, competition for available property increases, often resulting in higher prices for those selling.
