If you are considering moving to a new house you may be wondering whether now is the best time to sell your home.
There are many factors which affect the housing market and consequentially, the amount you can ask for your property. These factors include the availability of mortgages, interest rates and the number of properties on the market.
Another factor which may have a bearing on selling your home is the time of year you choose to sell.
Here at Smith Partnership Move we have reviewed the advantages and disadvantages of selling in each season…
Early to mid-spring is probably the most popular time of year to sell, and to look for, a new home. There are a few reasons for this. With the cost of Christmas forgotten and the weather picking up, many families feel more motivated to put the effort into selling their home.
While summer offers the advantage of (hopefully) good weather, making viewing properties easier, it does also mean many people are thinking more about packing suitcases than packing up their home. While the period around school holidays is likely to be quiet, it may also offer the opportunity to capitalise on the lack of competition.
With the kids back in school and Christmas still a fair few weeks away, autumn could be a good time to sell. Be sure to have photographs taken in the best light to appeal to buyers and increase the potential for viewings.
Selling your home during the winter months could be a challenge. Many people who are considering moving may choose to wait until the New Year, when the expense of Christmas is over.
Are there specific times of year to avoid?
Clearly, some times of the year are better than others in terms of market activity. It is always best to avoid having your property on the market for too long as this can put property hunters off; leaving them wondering why your property is lingering on the market.
If you are flexible about exactly when your property goes on the market, speak to your estate agent to get a fuller picture of the property market in your area and to identify specific times of year, such as Christmas, that may be best to avoid.
Of course, not everyone has the luxury of waiting for the exact right time to put their house on the market. Circumstances such as the need to relocate due to a new job, a divorce, spiralling debt or a death in the family will all dictate the need to put a house on the market sooner, rather than later.
While there may be times of year which are better than others in terms of market buoyancy, if your home is presented properly and on at the right price then irrespective of the time of year, it has the best chance of selling.
Whenever you decide to sell your home, our team of property solicitors are experts in conveyancing and can help you navigate the world of property buying and selling. Contact us to find out more.