Real Estate

Is Spring The Ultimate Real Estate Season?

Clear skies, warm sun and cool breezes. Spring has definitely sprung in Melbourne and it’s time for the Williams Landing real estate market to shine! It’s often stated that spring may be the best season to sell or buy a home – and in some ways it is. In our first blog of the season, we’re going to be looking at why spring is such a popular time for real estate.

The weather

People enjoy lovely days – and most people’s definition of a lovely day include mild weather with the sun hanging in the sky. It encourages people to get out of the house and go for walks or brunch with friends. This is the same reason why buying or selling a home in spring is considered to be a good idea. The beautiful weather means a bigger crowd at auctions. It also gives people an excuse to make a day out of home inspections.

You have the benefit of the sun shining down on your property – just like in summer, but without the bother of the heat, which can be quite uncomfortable for some. Spring can get quite warm in the sun but cool in the shade, which comes together to create the perfect balance. It’s true that if someone is genuinely serious about purchasing a home, then a rainy day won’t stop them from attending an auction or open house – but the spring weather does make the idea seem more attractive.

The community atmosphere

Chances are that people will be out and about more so during spring than they are in the wintertime. People will be taking their dogs for walks or having picnics at the local park. This will give potential buyers an exclusive and unique look at the community that they’ll possibly be buying into as well as a chance to engage with the people and converse about what life is like around the neighbourhood.

The inviting weather serves as a further incentive to explore the community through the lens of ideal weather conditions. As we mentioned earlier, it encourages potential buyers to make a day of the inspection – as going down to the local park or café afterwards is a great way to further consider their decision.

For the seller

Spring is a great reason to dress up the house in an open and inviting way. As opposed to winter, where the layout of the house would be more focused on being a cosy and warm haven with darker colours, the spring weather should invite open doors and windows and – if possible – as much natural sunlight as possible. Properties with skylights will do well during this season. Light, tropical colours such as yellows and beige will blend well – especially when it comes to furnishings such as cushions.

The only problem with spring being such a popular time for people to sell their property is that there are a lot of people doing it – meaning your property could get lost in the competitive market. This can be viewed as both a positive and a negative as it does encourage you to work harder and stand out amongst the crowd. However, it also means that there will be an influx of buyers – potentially increasing your overall chance to begin with.

For the buyer

In November 2015, it was said that around 5800 homes were auctioned in that month alone – with the final week being host to 1850 of those auctions. That’s a pretty incredible number of homes that were auctioned off in just a single month – a spring month to be exact. Of course, if you’re looking to buy into some Williams landing real estate in spring, then it’s worth noting that prices may be higher in this season compared to others because sellers realise that there will be an influx.

Source: Is Spring The Ultimate Real Estate Season?
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