If you're planning to sell this Spring, it’s crucial to stay in tune with the current market trends. Having the right strategy can make your selling experience smooth and stress-free. On the flip side, a mismatched approach can lead to unexpected challenges.
To set yourself up for success, keep a close eye on stock levels. Understanding what’s available in your area will help you position your property effectively.
- Stay Market Savvy: Stay informed about current stock levels and buyer demand. Analyse competing listings to understand their presentation and pricing. Attend auctions of similar properties to gauge active interest and bidding patterns.
- Timing is Key: Consider listing your property early in the Spring market, as buyer demand often peaks in the first few weeks. Historical trends show that prices and auction clearance rates typically rise toward the end of the Spring season.
- Choose Your Strategy: Depending on market stability, choose whether to ‘Sell then Buy’ or ‘Buy then Sell’. In a strong market, selling first may position you better to negotiate and avoid the pitfalls of bridging finance.
- Value Early Offers: Take early interest seriously, as the best buyers often emerge within the first 14-21 days of listing. Rejecting a strong early offer can lead to missed opportunities as the campaign progresses.
- Negotiate Creativity: Focus on additional value in negotiations, such as flexible settlement periods or including valuable items. This can encourage buyers to increase their offers without the conversation becoming solely about price.
By following these strategies, you can navigate the Spring market effectively and maximise your sale price.
