Is there a best time to sell?

Should you be toying with the idea of selling your property but you are not in a great hurry then taking your time and choosing to sell at the right time could impact the price you achieve. This might not be the case if capital needs to be freed up quickly such as for a new property purchase.

There are a few factors to consider when picking the right time to sell. First and foremost is considering your own personal financial situation and how quickly you need to transact. Should there be no urgency then marketing the property at a more buoyant time for the market theoretically means that there will be heightened interest and it will sell quicker. This is a better course of action than placing it on the market at a quieter a time of the year, receiving little interest whilst it becomes stale as it sits on the market. Purchasers will wonder why it has not sold and be wary of it.

Speak with real estate agents to get a grip of the market’s current state of play. There might be some natural dips to be aware of such as around holiday season where people’s interests are preoccupied with matters other than looking for a property to buy. Also take a look at what is going on around your condominium. A new project that is currently being built will lure interest in this direction, plus any construction noise might put people off. Likewise, if your building is undergoing any maintenance works then wait for these to be completed as this is another factor that can easily impact the attraction to your property. However, once works have been completed it can improve an area so holding out can be to your benefit.

Any new government introduction such as a change in property taxes can also make a difference. Keep an eye on the news to assess any changes and market your property accordingly. Countries that have introduced extra purchasing taxes for owners with more than one property naturally see a lot of transactions occurring before this date to avoid incurring any extra charges. >>What Is The Inheritance Process In Thailand?

Lastly, think about the presentation of the property. You want to attract interest from the photos that are online as well as from viewings. Marketing a property before it is ready is detrimental so only do this once the property is looking at its best to generate as much interest as possible rather than a buyer being disappointed on a viewing and putting in a lower offer. >>Tips On How To Present Your Property At Its Best.