Ready, set, sell in summer

If you’re dreaming of a new home for Christmas, then Steve and Belinda Ellis from Bayleys Fendalton have some words of encouragement to help you navigate the market.

With Christmas fast approaching, the selling season is now set to get very active as more houses come to the market. With the level restrictions moving down, people are now able to focus on their next move, and we are encouraging people to sell in this fast-moving market.

What are the benefits of selling in this market of a lifetime with prices at an all-time high?

There is an old saying, if you buy and sell in the same market, then you are protected. You will achieve more for your home selling without pressure, which will enable you to compete on a par with others for your next home.

Looking for a home when you haven’t sold first puts you in a weaker position and is often full of disappointment and uncertainty about what you can afford.

Competition is very high right through all the price brackets. This will benefit sellers because they will receive cleaner unconditional offers at auction where results are unbelievably strong currently, bringing less worry and stress with the due diligence period.

Interest rates are estimated to rise, but you have the option to lock your rate in for the next few years to give you certainty. Buyers often want to get into a home before Christmas, so if you can present and market a property using the positive vibes of spring and summer, then you may lock them in emotionally with an image of their family gathered for the festive season.

Homes are warmer, and gardens and lawns are looking their best if they have had a spring tidy up and are not at the stage of being overgrown and dry.

There are highly motivated first home buyers in the market, and often with the help of the ‘bank of mum and dad’, these buyers are actively pursuing their chance to get on the property ladder.

Other factors that drive the spring and summer market are those on job transfers or returning from overseas, while others are looking for school zones, not to mention the general upsizing and downsizing motivations.

There are three selling cycles left until Christmas, so if you are wanting to take advantage of this unprecedented housing market, call us today for our expert advice.

0800 30 30 33 | steveandbelindaellis.co.nz