When looking to sell your property, there are a number of factors that need to be taken into account; the condition of your property, the area, and current market conditions. But one key thing that can sway your decision of when to sell your house is timing.
The spring months are notoriously seen as one of the best times of the year to sell your house. And, there are a number of reasons why.
Longer, brighter days
From an aesthetic perspective, we start to see sunnier, brighter days and fairer weather which, quite literally, puts your property in a more positive light and is more appealing to potential buyers. The longer days also means more potential viewing time.
Foliage
Similarly, during the spring, your garden, outside space, and general surrounding areas will be in bloom, helping to make the area you live in look its best.
Moving for school catchments
People who search for a new home in the spring, more often than not, will be moved in by the time the summer comes around. That makes house hunting at this time of year very attractive to families who try to coincide moving with the end of the school year or beginning of the summer holidays to ensure they are in the catchment area of their desired schools.
Increase in registered buyers
Once the new year is out of the way, people start to reassess their options and it’s during the spring months that we see an increase of people registering to buy a property. For sellers, this means that you have a wealth of potential buyers who you know are actively looking to make a purchase.
Stock levels are lower
With more people looking to buy, but less properties for them to view, the supply and demand dynamic favours the seller, meaning the likelihood of you achieving a better price for your property is higher.
When to sell a house in London
The London property market can move very quickly due to high demand for properties in the capital. When it comes to seasonal variations, these are quite universal rather than localised to a particular region. If you’re unsure what the current market conditions are like in your area, then you should contact an estate agent with a good grasp of the local landscape who can advise you on what’s been happening in the market recently.
If you’re considering selling your home but are unsure if it is the best time, we recommend getting a market appraisal to fully understand how much your home could sell for and what the current market is like for properties similar to yours in your area.
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