WHEN IS THE BEST TIME TO SELL A HOUSE?

Best Time To Sell A House

Updated December 2021 - An optimum time to sell a house is when there is a surge in buyers looking to purchase, record sale prices are being achieved, interest rates are low and there is a shortage of properties on the market.

Although interest rates are slowly rising and banks are cranking down on buyer affordability, currently it is still a seller's market and one of the best times to sell a house in a very long time.

However, there is a lot to consider.


PROPERTY TYPE AND LOCATION MATTERS

Your location and property type can also influence when the best time to sell is.

For example, people wanting to exit Auckland after the lockdown may be wanting to move out of the region. If so, objective vetting of real estate agents in Auckland is recommended and a free service.

If you live in a region predicted to attract cashed up purchasers from Auckland, now could be a good time to boost your equity while sale prices around the country continue to rise.

Longer settlement periods can help everyone and are more common to give buyers and sellers more time to find new properties.

Property investors are very active in the Auckland market and paying premium prices but this should be approached with caution to protect your equity. You can find out more about selling a property zoned for development here.

You may have a lifestyle block or a rental property zoned for development - both are specialist areas of real estate agency work. If you need know your zoning or need some direction on where to start, send us a message or start a Live Chat - we can guide you with this.

The surge in buyer enquiries during Covid-19 has surprised many but all the usual reasons such as downsizing, up-sizing, shifting to a new location for work, births, deaths, building new, cashing up, wanting a warmer home or being closer to family still exist.


'SIGHT UNSEEN' PURCHASES INCREASED

Real estate agents are reporting that there has been in increase in houses selling 'sight unseen' by ex-pats planning to return to New Zealand to live or more recently due to Kiwis unable to move of the region they are living in due to Covid-19 rules.

Homes and rental properties are selling very quickly in Auckland, Wellington, Christchurch, Dunedin and the regions.

Virtual real estate auctions have played a key role in both the volume of properties selling during 2021 and the sale prices being achieved.

If the time is right for you to sell, then the current market will likely provide you with a premium sale result as long as you select a suitably qualified real estate agent.


What all sellers should know about free property appraisals.

YOU'RE ENTITLED TO AGENT COMPETENCE

Whatever time of year you decide to sell any type of property, an optimal result will rely wholly on your choice of real estate agent and it pays to compare vetted real estate companies and agents prior to making this decision.

Many Kiwis preparing to sell their properties often underestimate the competencies required of a real estate agent in the today's property market and it can be confusing who to choose. Many choose an agent they purchased with but that is unwise if you got it for a good price.

Real estate agent competencies vary greatly so it's important to get this decision right.


Request a shortlist of vetted real estate agents tailored to your property.

The real estate industry is regulated under the Real Estate Agents Act 2008 to protect both buyers and sellers and agencies must therefore have policies and procedures in place to ensure compliance is systemised.

Some real estate companies are better than others at this. For example, 'non-disclosure' is still a subject of frequent complaints dealt with by the industry authority. This comes down to real estate agent integrity.

Although a real estate agency may have it's own rules, ultimately it comes down to the real estate agent conducting the sale on your behalf.


Got a question? Send enquiry now.

Page Updated by Trish Willis | Member of Property Institute of NZ (IPAC) | About

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