Now is your golden chance to spring forward – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

Now is your golden chance to spring forward

Dear Heather,

I have heard that spring is the best time of year to sell a home. Is this true?


Dear Seller,

When it comes to real estate, spring is golden and it starts in January. Peter Goodall, who heads up Property Skipper, says: January, February and March tend to be the busiest months in terms of website traffic, this means people looking to both buy and sell real estate. There are several reasons for this:

• Christmas represents one of the few times in the year that people are at home for a long time, often with all the family present. It's usually then that they decide their home is too small or they need another spare room, or they just don't like their home anymore. People tend not to consider selling or moving just before Christmas, because they have so much on their social agenda that they just can't entertain anything else.

• New year's resolutions. Many families want to move but find the prospect daunting. The new year gives them the incentive to start looking at properties again. Often in November and December they are too busy with Thanksgiving/Christmas/family/travelling to focus on home search, so by January there is pent-up demand.

• January has the highest rate of divorce of any month. This is largely due to couples waiting until after the holidays to give the children a happy Christmas together. August can also be a very busy month for divorce as couples wait until after family holidays. Divorce triggers house sales, as joint assets are divided. Plus, one partner tends to move out and rent something.

• This really applies to the rental market but January and August are popular months to move jobs. In January, to coincide with start of year, and then in August, (especially in Bermuda), expats moving to the island want to be settled with family before school starts in September.

We have recently seen an increase in property sales transactions, with a shortage of inventory particularly in free-standing houses. So if you are thinking of selling, the next two or three months could be your golden opportunity.

Heather Chilvers is among Coldwell Banker Bermuda Realty's leading sales representatives. She has been working in real estate for 27 years. Any questions for Heather, please contact her at or 332-1793. All questions will be treated in confidence. Read this article on Facebook: Ask Heather Real Estate

You must be registered or signed-in to post comment or to vote.

Published January 24, 2017 at 8:00 am (Updated January 23, 2017 at 11:04 pm)

Now is your golden chance to spring forward

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon