Capitalise on the cold, expert says

Capitalise on the cold, expert says

Posted on Thursday, June 21 2012 at 1:47 PM

Homebuyers waiting for a return of warmer weather could be missing out on prime opportunities, according to buyers agent and author Patrick Bright.

Seasonal market trends show cooler months
are pretty quiet, with buyers opting to pound the pavement during summer and
spring, Bright says.

“There’s definitely a myth that winter
isn’t a great time to be buying property,” he says. “While statistically
there’s less stock, there also tends to be less buyers.”

As a result, there’s less competition for
properties and that might lead to more flexibility during negotiation.

Seeing a property at the coldest time of
the year is also advantageous for buyers who want to know how a home looks and
feels in winter.

“As a seller, if your home is warm and
inviting in the colder months then winter might be a better time for you to
sell,” he says.

Bright says property listings spike between
September and November.

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