Struggling to sell your home in August? Fear not because you are not alone. Below is a recent article taken from The Daily Express advising of the effects that selling your home at different times of the year can have on your sale. For most agents, this is common knowledge however it’s important to provide vendors with the facts to help manage expectations.
SELLING your house can be tricky business, particularly if you don’t know the market well, but putting your property up for sale during certain months in the year can have a massive impact on your home’s sale.
Between February and June is the best time to sell your house according to house seller advice site www.theadvisory.co.uk
Broadly speaking the best time to sell a house is when there are the most number of buyers actively looking to buy. The site states this is due to the positive effect that competition has on your achievable sale price.
Buyers competing over a property will force out the best offers. When you sell a house, this is a key factor behind getting the best price.
But this is how the four seasons in a year compare:
This is a great time to sell a house or flat as gardens arena bloom, there’s plenty of good light and mild weather, properties look their best and the market is full of buyers.
In good weather, buyers are more prepared to go house hunting, and many families look to match their purchase with the end of the school year.
High summer has never been the best time to sell a house, especially if it’s a family one. School holidays are the big reason for this, as entertaining the kids leaves little time for house hunting and you must factor in that many people choose this time of year to go away on holiday.
If you must sell a house in the summer, the site advises you to try and get it on the market as early as possible. If your home is not on the market by early July you’ll be putting yourself at a disadvantage.
This has always been a good time to sell a house, although it’s not as good as there January to July period. It should be noted that nobody wants to move over Christmas so don’t leave coming to the market too late. After the second week of November buyers tend to go into hibernation.
Winter is not the ideal time to sell, and the site actively discourages anyone trying to sell a house towards the end of December. If you can hold out for the New Year you’ll put your sale in a much better position.
Putting your house on the market a certain day of the week may also give you promising results. Analysis by Which? Money suggests that properties listed with estate agents at the start of the week can sell more than a month faster than those listed at the weekend.
Hang on in there hardy vendors the market will wake up again when August ends.