When trying to sell a house, there are myriad tips and tricks to get the best price.
Bake bread in the oven for viewings, focus on your curb appeal, and decorate neutrally so buyers can see their own furniture in the home.
Timing can also be a factor, with certain months in the year yielding better prices and higher numbers of sales than others.
According to research by estate agent comparison site, GetAgent.co.uk, August, November, and October had the highest total number of completed transactions last year, while sales in August, September, and December fetched the highest average sold price.
Their research also showed January through to May were worse for number of completed transactions and average sold price.
However, the year we’ve had and the way our habits have changed may also have affected things. Plus, these figures are averages, and don’t represent a full picture of the property market.
For example, if you’re selling you’re likely to also be buying. So as much as there might be a ‘right’ time to sell for the highest price for you, you may also end up paying a higher price for the home you plan to move into.
The general rule is to go with what works for you, but you’ll see the most activity if you put your property in the market in the spring.
Managing Director of Barrows and Forrester, James Forrester, tells Metro.co.uk: ‘It’s hard to call the “best” time of the year to sell as each season can present its own pros and cons, but if we are talking generally then spring is the best time to list your home for sale.
‘Like all of us, the property market can take a little while to get moving after the Christmas break and so by spring it’s back in action and well oiled. Many of us will also take part in a traditional spring clean and so this is a great chance to get your property looking its best for when potential buyers visit a little further down the line.
‘It can also mean that your sale is done and dusted and you’re ready to move by summer, leaving you to enjoy your new home for the holidays.’
You don’t need to use this as a hard-and-fast rule, though, as Director of Benham and Reeves, Marc von Grundherr, argues: ‘Seasonal selling advantages can be very much about the property itself. For example, a cosy one bedroom flat may present itself best during the autumn and winter. However, for those with great outdoor space then summer is the time to sell.
‘The current pandemic has seen outdoor space become the hottest commodity one can have and so presenting this space at its absolute best is key when securing the highest price for your home.
‘Selling in summer allows this for a number of reasons. First of all, the days are longer and so you the lighter evenings, when most people will want to view, allow you to showcase one of your strongest property features in natural light. This can be as beneficial in the house as the garden as it allows buyers to see your property in full.’
If you’re selling in Summer to make the most of your garden, Marc says: ‘A beautifully bloomed garden with the smell of flowers is a wonderful way to make your home stand out from the rest and leave a listing impression on a buyer.’
Try not to discount the festive season completely, as you may find that buyers are more eager to move quickly at this time of year.
Founder and CEO of GetAgent.co.uk, Colby Short, tells Metro.co.uk that discounting December completely could be a mistake for sellers.
He says: ‘Figures suggest that a large number of transactions will still reach the finish line and the price achieved is likely to be higher than if you wait until 2021.
‘This is primarily due to market urgency and the need to move before the chaos of Christmas fully hits. Buyers are less likely to spend time negotiating a lower price while estate agents and other industry professionals are keen to complete and bolster their annual figures and commission.
‘Of course, not completing this December isn’t the end of the world and even if you are yet to list, now is a great time to do so. It enables you to get the laborious admin of property listings, photos and floorplans out of the way and have your home listed for sale for the famous Boxing Day bounce and the huge advertising footfall this brings each year.’
Speak to your agent for tailored advice for your home, or check out sold prices and times in your area for a more specific idea of the market in your area.
Do you have a story you’d like to share?
Get in touch at [email protected]
Source: Read Full Article