February 17th, 2021
Individuals looking to sell their houses are often confused about the right time to list their properties. It is believed that the time does vary depending on the geographic location. For instance, selling a property in Delhi NCR may be different from selling property in Mumbai. Many home sellers believe that the right time to sell apartments in Delhi NCR, is dependent on the market and not the season. But undoubtedly, Summer is considered the best time to sell apartments in Delhi NCR or any property in Delhi NCR.
Pros of Selling Houses in Summer
1. The Weather
During Summer, most of the places have pleasant weather, and people spend more time outdoors. This heavily influences the buying behavior of an individual. Due to the long daylight, more people visit the property, and people are prone to make a better decision and visit the property numerous times. The weather also helps the buyers enjoy the outdoor view or the balcony view in the case of flats in Delhi NCR. Many buyers consider the weather component before looking at and buying property.
2. Motivated Buyers
Summer is the time of the year when buyers are motivated about almost everything in the market, the property included. They make better decisions and are much more likely to buy property, especially in urban areas. Apartments in Delhi NCR are easily sold during the Summer due to motivated buyers. People, in general, are more motivated to do anything in Summer than they are in Winters.
3. Sense of Urgency
Summer is the peak property selling time of the year, and thus the competition to not only sell but also buy property in Delhi NCR is high. This is why buyers also have a sense of urgency to book and buy the property of their choice as soon as possible so as to not lose it to others.
4. Great Time to Move
Summer is generally considered a great time for all outdoor activities. It also makes it easier for people to go through the moving process faster and with less pain. This is true for both the buyer, buying the house and the seller, moving to a new property. Keeping the ease of moving in mind, many buyers hastily buy properties, and this helps the entire buying process for properties in Delhi NCR.
5. Spring Data
The data from the previous seasons is easily available during Summer. Summer falls directly after the tax season, which is when most of the data is generally published. This is why data on apartments in Delhi NCR and other properties in Delhi NCR is easily available to buyers and sellers. This data is also available with agents during the Summer season.
6. Beneficial Competition
As stated earlier, summer is the prime time for buying properties. Many buyers are looking for great properties in Delhi NCR, and are usually willing to pay high rates. This is very beneficial for home sellers. The buyers will make their move quickly so as to not lose the house of their choice to other customers.
7. Well Showcases
The daylight that is present during summer provides the properties with a nice look. This is great for showcases that are held by home sellers. Apartments in Delhi NCR look extremely beautiful during the daytime, and that time is accelerated during the summer. The natural lighting provides for a great aesthetic and makes it much more appealing to potential buyers.
8. Vacation Time
Summer is the peak vacation season and is thus a great time for home selling. Many buyers are free during this season and are able to seriously dedicate their time looking for houses and properties in Delhi NCR.
Cons of Selling Houses in Summer
The competition is high not only among the buyers but also among sellers during the summer period. This is why many home sellers are unable to sell their apartments in Delhi NCR, during the Summer season. The buyers have numerous choices and choose the option which suits their budget best. This also leads to the home sellers incurring a loss to sell a property.
The heat can be a hurdle for many buyers, especially during the peak summer weeks. Many buyers in extremely hot regions choose to forgo showcases and also to buy properties during this period. The people are unwilling to look at apartments in Delhi, NCR, during the heatwave. This is a major issue of selling houses during summer.
3. Extra Costs
The heat also requires the homeowner to keep the ventilation on constantly. This is because that helps the buyers feel more comfortable and thus more likely to buy the property. These extra costs can add up if the number of showcases is high and the duration long.
4. Vacation Time
During the vacation season, many people are out of the area in which they are willing to buy properties. Residents of Delhi may be vacationing elsewhere and hence not be able to look at flats in Delhi NCR or any other property in Delhi NCR. Thus, vacation time is a huge con for selling houses in summer.
5. Children at Home
Many potential buyers bring their children with them during the showcases that are held during the summer season. Many home sellers may also have their own children at home during this period. This can be distracting and can cause distortion and distraction during the entire process.
6. Unnecessary Enquiries
Many people are free during the summer period. This also causes them to visit home showcases while they have no intention to buy the property. This is a huge issue for home sellers who end up spending their time and energy on such unnecessary inquiries. This is also a problem for many home sellers.
7. Prime Time
Summer is a prime time for selling property, and that also increases the competition. Showcasing houses in summer may not be beneficial for all as the competition will be very high and byers few.
8. Busy Agents
Due to the high competition, the top real estate developers of Delhi NCR are also busy and may not pay the same amount of attention to all sellers. This is why selling houses in summer may prove to be a costly endeavor for many.
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