This urge will be particularly relevant to all those property owners who may be thinking of selling in the coming Spring market…particularly if you are keen to make the most of the favourable selling conditions that tend to favour sellers in the early part of Spring each year.

You may be asking why early Spring is the favoured time to sell? It’s all about supply and demand. In early Spring we tend to see an increase in the number of aspiring buyers entering the market, but the start of Spring is often marked by a shortage of properties for sale, with many sellers slow off the mark as they get their homes ‘market ready’. More buyers and less stock means increased competition for the limited number of listings, and better prices.

The later you get in Spring, the more the market dynamics tend to swing the other way. The buyer activity tends to drop a bit as more find their chosen home, whilst the number of listings increases as more people finish their preparations and all those people who have purchased then have to sell their current property.

That’s why the really smart Spring sellers will be spending the next few weeks in August getting their property for market, ensuring they can hit the ground running when Spring officially gets under way in four weeks from now.

Having said that, the best advice I can offer anyone planning a Spring sale in 2024 is to get experienced and objective advice about your specific property BEFORE you head off to Bunnings. You might find that, other than a few minor maintenance jobs, your property could do better being offered ‘as is’ rather than spending money on tasks that buyers don’t want. So be sure to have a chat with one of our team at Barry Plant Thomastown this week on 9466 3233.

Cheers,

Con Constantinou

Barry Plant Thomastown