Scare-mongering about the property market seems to be commonplace at the moment. Many of our customers are concerned about the impact of Brexit on house prices and are therefore delaying putting their property on the market.
Unfortunately they could be missing out by delaying listing their property. On average over the last five years (2014-2018), the period between June and August accounted for more completed sales than in any other period across the year. Around 30% more sales occurred in these months than in the first three months of the year*. Also, around a quarter of a million homes sold between June and August each year in England and Wales.
Assuming these properties were listed around 8 to 10 weeks before completion (the national average), then properties listed now are likely to complete during this proven busy period.
There are many other advantages to listing your home in May and June:
You have probably noticed that your garden is looking at its best at the moment so this is the perfect time to really show off the curb appeal of your property to prospective buyers.
Brighter and longer days
Make the most of the sunshine and longer daylight hours by being able to have more viewings in good weather and evenings.
Back to school
Buyers wishing to complete during the school holidays will be on the lookout for their perfect family home at this time of year. It is ideal to complete in the summer so the children are settled for the new school term in September.
Ideal moving conditions
If you complete on your sale in the summer months, you will also be moving in them. This means you aren’t battling the worst of the Great British weather (hopefully) as you move your belongings from A to B. You will also have the added benefit of plenty of daylight to get the job done in one day.
Do you think your home is ready to put on the market?
Your local Waterfords team would be happy to provide free, no obligation advice on marketing your property at a time that suits you. CLICK HERE to find your local Waterfords branch.
*2016 excluded from this analysis due to unusual activity in March due to introduction of additional SDLT for second home buyers and investors.