At Belvoir Birmingham Central we’re often asked if there’s a right time to put your house on the market. Research in America has pinpointed 1st to 5th May as the ideal time to make a sale, but does the same hold true for the UK property market? Is there ever a ‘perfect time’ to put your house on the market?
Research in America has pinpointed 1st to 5th May as the ideal time to make a sale, but does the same hold true for the UK property market? Is there ever a ‘perfect time’ to put your house on the market?
Spring Into Action
Just like in the US, the spring is the favourite season for buyers to look for a new home. There’s a general sense of optimism and, with your garden blooming, your house is ready to make a great first impression.
The end of the school year can also mean parents are much happier about moving their child to a new school. With more new buyers entering the market than at any other time of year, spring is the optimum season for sales.
Summer usually sees a slump in the housing market as potential buyers jet off for their summer break.
If you’re selling a family home you’ll find that buying – or selling – a property often takes second place to keeping the kids occupied.
Perhaps surprisingly, October is generally a good month to make a quick sale, with buyers looking to get into their new home before Christmas.
With no major holidays to cause a distraction, and the possibility of an Indian summer to show your home off to its best advantage, autumn can offer sellers a window of opportunity. But be quick to take advantage, and be prepared to move with speed, as the market slows down again after October.
Selling houses just before Christmas is a no-no, as buyers’ thoughts turn to the festive season. If you’ve missed the October window, then wait until January when new year’s resolutions can impact on buyers’ decisions to make a fresh start.
Before making any decisions about putting your house on the market – unless you have to make a quick move – it’s worth ensuring your property looks its best. Contact us for expert sales advice.