Sellers are in a difficult position when choosing the right time to move. Everyone wants to move at a time that is convenient to them, but also want to try and time the market to increase the return on their property.
Properties sell all year round, but listing your house for sale this autumn offers a good opportunity for a number of reasons.
Start now to move this year
Selling a property involves multiple steps and inevitably takes time. The conveyancing process alone can take around 12 weeks, and that's not considering the time it'll take to find a buyer in the first place, and the time it could take for them to secure a mortgage.
The average time to secure a buyer earlier this year was 78 days according to Rightmove. By July, this has decreased to 60 days. That means you could still have time to move this year if you started the process as soon as possible.
A free no-obligation property valuation from a local expert can help you understand your property's worth and get the selling process started.
Beginning the process now will give you ample time to find your next home and make necessary arrangements, like job or school transfers.
Buyer demand increases as house prices rise
We understand that some sellers have concerns about property price fluctuations. They want to maximise the return on their property but are uncertain about what will happen to the market next.
Property prices are on the rise again, with Halifax reporting that on average house prices have increased 4.3% compared to last year, a two year high.
This is a great opportunity for homeowners who have been looking to sell. We may expect increasing prices to deter potential buyers, but we're seeing quite the opposite.
The amount of buyers contacting estate agents to enquire about properties for sale has increased by 19% since this time last year, and the amount of properties being sold is up 16% according to Rightmove.
Furthermore, the amount of new sellers coming to the market is 5% more than this time last year. Buyer demand and increasing property prices are enticing homeowners to sell, making now an opportune time to get a free property valuation.
To get started simply book a free no-obligation property valuation. A local property expert will inspect your property, considering numerous factors, to give you a realistic valuation.
Reeds Rains E-marketing Executive
