Although the real estate market is busy throughout the year, it’s important to decide when you’re going to search for, sell, or rent out a property. You’ll save time, energy, and in some cases, even money!
You’re looking for a home
If you’re looking to buy, it seems that winter is surprisingly the ideal time to purchase your new home: There are fewer potential buyers on the market, so you hold all the cards to negotiate prices.
Keep in mind that property owners usually work during the day, so they will likely post a real estate ad in the evening after getting home from work. On the other hand, real estate agencies are mainly open during the day, so they are likely to post an ad at any time.
A few words of advice for your search: Note that the available housing in the Grand Duchy is being snatched up faster and faster! Finding a home isn’t easy: Focus on your search for 2 or 3 consecutive weeks by making yourself as available as possible to answer the phone or go to an appointment so that you beat everyone else to the punch. You should also consider setting up email alerts so you will be notified as soon as a new real estate ad is posted!
You’re a property owner
Keep in mind, a real estate ad that’s been online for too long does not inspire confidence. Instead, it will make users suspicious, surely wondering about your home’s hidden flaws.
People generally like to schedule their move for over summer vacation because it’s more practical. As an owner, therefore, it is in your best interest to start advertising your property for sale or rent in the spring, particularly during the month of May. You’ll then have a greater chance of getting a better price since the demand is higher.
For owners looking to rent out their property, keep in mind that the type of property is important. Of course, properties of a more modest size, from studios to two-bedroom units, are more likely to be sought out by students and are therefore dependent on the school schedule: Searches will take place from June to September, taking procrastinators into account. For apartments and houses with more than two bedrooms, your property will be sought out during the spring. However, more and more students in the Grand Duchy are seeking housing with roommates, thus requiring larger homes, so your property will potentially be dependent on the school schedule as well if you are accepting this type of lease.
Nevertheless, don’t forget that you have no control over falling in real estate love, so it can happen at any time, whether it’s the ideal time or not!