When to Sell Real Estate

Other factors that can affect your decision will include things like the real estate market itself and how prices are performing.

This generally reflects the current state of the broader economy and it fluctuates  up and down or what is referred to as booms and busts but the one thing with the real estate market is because it is such a large entity what ever it is doing whether it is up or down its nature is slow to change so you should have plenty of warning or time to consider the markets current state of play.

Ideally we could all just look into our crystal ball and we'd all sell when the market is up and buy when it's down.

In reality we often need to sell because we're relocating for work or we are upsizing as a growing family or maybe downsizing as the kids have left home or we have just taken the decision to move to new neighbourhood.

Traditionally spring can be popular as a time when to sell real estate

Traditionally spring can be when most activity happens in real estate.

However any time of year can be a good time to sell if the right buyer for your property is there looking.

Really you can't nail it down to a time of year.

Your decision about when to sell should be based on personal objectives and factors such as your ability to finance a new property and meet ongoing repayments and the capital gains tax implication for selling your investment property.

The other consideration if market conditions are not as promising as you may have hoped and property prices are low, you may get less for your house than you had hoped, but then again remember if you are repurchasing as most do in a similar market place you'll probably be paying less for the house you intend to buy.

This also means of course if you consider if property prices are high sure the property you're selling will be worth more but similarly the property you intend to buy may cost more and most costs associated with buying and selling are calculated based on a percentage of the sales amount ie real estate agents selling commissions and stamp duty when you are purchasing and selling cost will also be higher.

When to sell real estate summary

It all comes down to what works for you the time of year shouldn't really be a big factor in your decision making the reasons behind your sale will be the overriding factor when you are looking to decide when to sell real estate.