The spring sales season for real estate is just around the corner, and owners looking to capitalise on the strong market sentiment should have their preparations in full swing.
As experienced agents, we think you’ll feel the good vibes of the market in the spring air, with the market enjoying an overall 8% growth in values in the past 12 months.
As industry researcher CoreLogic has noted, the strongest price gains have come in the cities with the tightest supply – Perth, Adelaide and Brisbane.
Yet, with anticipated reductions in the interest rate later this year and through 2025, many buyers will be aggressively seeking real estate opportunities this spring.
As an experienced agency, we believe owners shouldn’t take for granted their chances of finding willing buyers or over-reach with their with price expectations through private treaty or auction.
Buyers are still cautious about spending too much because interest rates remain in the 6% range. When you need more than $1 million to buy a house in a city such as Sydney, your mortgage costs become a significant factor in your thinking.
Therefore, preparation is key. Below, we offer guidance on how to get ready for the spring sales season:
Be Patient: Selling a home takes time. Keep going even if you don’t get an offer right away.
Be Flexible: Be open to negotiations and feedback from potential buyers.
Stay Positive: This is an exciting time! A new chapter awaits, and with good preparation and the right mindset, you’ll soon be celebrating a successful sale.
Blooming Great!: A tidy, colourful garden can be an influencing factor during the spring sales season. Mow the lawn, trim the hedges and add some colourful flowers.
Warm Welcome: A fresh coat of paint on the front door and a new welcome mat can instantly boost your home’s appeal.
Light and Bright: Spring is all about letting the sunshine in. Clean your windows, open the blinds and ensure your lightbulbs work. A bright and airy home feels more spacious and welcoming.
Declutter and Depersonalise: Less is more when selling your home. Pack personal items and any excess furniture to give the impression of space.
Deep Clean: If the budget will stretch, hire professional cleaners to scrub the bathrooms, polish the floors, and dust those hard-to-reach places.
Centre Stage: You can gain a significant return on investment if you hire a consultant to stage your home. They will select and rent the most appropriate furnishings for your home.
Picture Perfect: When you choose your sales agency – and we’d love to help you – make sure they provide an experienced photographer so your marketing photos make your home irresistible to buyers.