How to decide when the best time to sell is
Deciding to sell your property is a big decision and there are many factors to consider before putting it on the market. One of the most important factors to consider is timing. Timing can greatly impact the sale of your property, including the price you receive for it and the speed at which it sells. In this blog, we will explore the best time to sell your property.
Traditionally, spring is considered the best time to sell a property. This is because the weather is starting to improve, gardens are starting to bloom, and the days are getting longer (and in all honesty, we are all in a generally better mood). This means that properties look more attractive to potential buyers and people are generally more likely to venture out and view properties. According to the ESPC, the months of March, April, and May are some of the busiest months for property sales.
Summer is another popular time to sell a property, especially if your property has a large garden or outdoor space. Families are often looking to buy during the summer months so that they can move in before the new school year starts in September. However, it's important to note that summer can also be a slower time for the property market as people are often taking holidays around this time and are less likely to be actively looking for a new home until they return.
Autumn is a quieter time for the property market, but it can still be a good time to sell. Again, stats from the ESPC show, September and October are also popular months for property sales, as people are returning from their summer holidays and looking to make a move before the winter weather and Christmas arrive. Additionally, the autumn months are a good time to showcase any cosy features of your property, such as fireplaces or log burners.
Winter is generally considered the slowest time of year for property sales. However, if you're looking to sell quickly, winter can be a good time to do so. This is because there is often less competition on the market, as fewer people are listing their properties during the winter months. January is often a busy month for property sales as people have finished with all the holiday festivities and are ready to start thinking about any changes or possibilities for the year, one of which could be to move to a new property.
In conclusion, the best time to sell your property will depend on a variety of factors, including the type of property you have, the current market conditions, and your personal circumstances. It's always a good idea to consult with a local estate agent or solicitor who can provide you with expert advice on the best time to sell your property. Additionally, keeping an eye on market trends and staying informed about the property market can help you make an informed decision about when to sell your property.