Choosing the right time to sell real estate not only helps the sale to happen faster but can also sell at a better price. But how do you know if this is the time to sell real estate?
In order to choose the right time to sell real estate, you should base on a number of factors such as the time of the exciting real estate market in the year, the trend of supply - demand, the trend of prices, the real estate market. real estate at that time. Specifically:
Choose the right "season"
The last months of the year are often considered the "real estate season" because in this time, the real estate market takes place very excitingly with the launching activities, introducing new projects, buying and selling primary real estate. and secondary. When offering at this time, the opportunity to sell real estate will increase due to more customers, the bustle in trading activities also makes customers' psychology less afraid to "down money". Of course, when the market takes place with exciting rhythms, your real estate must also compete with many other properties in the segment offered at that time. Highlighting the advantages of real estate will help your offering get better performance.
During the year, the month of Ngu (Lunar July) is considered a month of abstinence with real estate people. Since this is the "month of the soul" and "opening the door", which is considered the month of the devil, buyers often avoid buying and selling transactions. Real estate trading and exchange activities taking place at this time are quite quiet. However, at this "sensitive" time, there are some real estate business units still conducting promotion and offering many attractive gift and discount policies to attract buyers' attention. , dismiss the abstinence from customers. But, if you do not want to risk, best, you should still avoid the time considered the "dead time" of this real estate market.
Based on supply-demand balance
The current supply-demand market analysis as well as the trend in the coming time will help you determine whether this is the time to sell real estate or not. Because, if your real estate is in a large demand segment, there is less supply, the offering will be much more convenient, the chances of increasing prices are also higher. On the contrary, difficulties will increase, great competitive pressure if your real estate is located in many supply segments, with little demand.
Currently, Vietnam real estate market is showing some signs of phase difference when there are few real estate with medium and low prices (price is around 1 billion, small and medium-sized apartments, there are 1-2 rooms). sleep), massively high-end apartments. Meanwhile, the need to buy houses in young, low-income people is very large. Therefore, at this time, if your real estate is in the middle or low price segment, with good quality, the sale will be quite favorable.
When the real estate market is exciting, the speed of consumption is fast, the price trend increases, the sale of real estate will be more effective. For example, in the first 6 months of this year, the real estate market had positive movements, real estate prices increased by 3-7%. This can be seen as a good sign for you to conduct a real estate offer.
Real estate market in the region
This is also an important factor affecting your selling speed as well as real estate prices. If your property is located in an area with exciting growth, the real estate market is bustling, you can offer for a good price. To know this, you need to pay attention to the market, local development policies and make appropriate judgments.
Particularly in TP. Ho Chi Minh City, next to the East (especially District 2) is still the focus, the real estate in the South has also developed very excitingly and is forecast to continue growing stronger. The pace of real estate in these two areas is dynamic, largely due to the city's urban development strategy with infrastructure development policies. For example, in the South, traffic development planning with many key roads connecting with the city center, typically the project to expand Huynh Tan Phat street connecting with the main road Nguyen Van Linh, has been working. Positive impact on real estate along these two roads. The sale of real estate in this area for the time being will bring better prices than before.
The real estate market is always volatile and depends on many factors. Considering the above factors will help you determine exactly when the property should be sold so that the sale is most effective.
Peter Hoang - Founder at RENTAPARTMENT agency Vietnam