Outlook Hobart WinterWith the warmer months of the year being peak times for buying and selling houses, there’s still a lot of scope for this in the cooler months. Don’t delay by waiting for the perfect seasonal and marketing conditions.

When it comes to entering the housing market, it can often be a big mistake to wait for conditions to be totally perfect. Interest rates, capital growth, ease of borrowing money, supply of property and rental prices can all be contributing factors.

The bottom line is, you should always purchase when you have the available funds to do so – waiting for everything else can be a big mistake. Don’t wait for a ‘guaranteed’ drop in the market, as it’s almost impossible to predict – even for the real estate experts.

Selling your property in the cooler months of the year, is certainly not a concept that is off limits. Quite often people think it’s a real estate taboo, but there are a number of things you can do to improve your chances of making a sale at this time of year.

It’s also worth remembering that there will be less fierce competition for buying and selling during winter – meaning you’ll get more buyer exposure.

Buy Properties That Tick The Boxes

Real estate agents agree that you should focus on buying properties in small blocks. These properties should be located in blue chip areas that are no more than 15 kilometres from a major city. This will ensure that you see sustained, positive long-term growth.

You will also want to make sure that the property has two or more bedrooms, and a lock-up garage. Such aspects of a property will ensure that you never struggle to fill it with tenants – that’s if you’re renting of course.

 

Tips For Buying

Research The Fringes

You will want to do some research into the suburbs and fringes of a city. Consult your local real estate agent and council websites, as these sources should yield information on growth rates. These points of contact will also arm you with information on local demographics and rental yields.

Make sure you attend open-home events and auctions in the areas you may invest in. This will help you to gain understanding of typical prices. You’ll also want to consult with an independent valuer, as they will be emotionally detached from your investment. This will help to provide an unbiased perspective on the prospective property.

Pre-Approval Of Finance

Make sure that you go into the purchase with pre-approved finance. Time is of the essence when purchasing properties, so ensuring a source of funding will prevent proceedings from grinding to a halt. This will save you time and increase chances of locking-in a property.

 

Tips For Selling

Creating A Warm Feel

When selling a property, it’s often the small details that can make a big difference to overall appeal. Creating a lasting impression with prospective buyers is important, especially in winter. Ensure you invest in rugs and cushions to warm the property – going for shades of brown, red and gold. Look for woollen and fur materials, as this will add to overall warmth.

Outdoor Presentation

Often neglected, the outdoor area can be one of the main selling points for a property. Set up a heater outdoors to show the buyers that the garden is still usable in the winter months. Keep the lawn freshly mowed, and that hedges and flower beds are neat and tidy. If you are lucky enough to have a pool, ensure it’s sparkly clean.

Lighting Is Key

In the winter, indoor areas will often be darker than in the summer months. Turn on all your lights and remove clutter. This will create the illusion of more space in the property. Keep windows clean and open the blinds to let as much light in as possible.

Opening windows throughout the property will ensure that your property isn’t too stuffy for inviting in prospective buyers.