What is the best time of year to market your property?
This is a question I’m constantly being asked and if you remember I wrote about this in one of my newsletters last year “when is the best time to advertise my property in the New Year?”.
My answer really doesn’t change, and deciding when the best time to put your property on the market is, regardless of whether it is for rent or for sale, can be a difficult task, and whilst I would agree that there are certain times of the year that can prove more productive than others, there are several factors that you might still want to consider.
Statistics show that there are times of the year when it’s better to let or sell and periods when waiting a little longer can be more In a nutshell, I would say that this is reflected through the Seasons ...
New Year - the start of a New Year can often see an increase in the number of people looking for a property to rent or buy. This usually stems from the increase over the festive period of family disagreements or marriage proposals.
6 Week School Holidays - this can often be a stressful and hectic time for families and often means that the bigger decisions such as moving house are put on the back burner until the new term begins and families return to their normal routines.
Family Commitments - Children often affect the decision on whether to move house or not. On one hand you might delay putting that FOR SALE board in your front garden so that you can move in the summer school holidays, but on the other hand, you might want to move sooner so that you are living in catchment area of a preferred school in plenty of time for the next academic year.
What this means to buyers and landlord investors is that they often pick up a bargain in the later months of the year, as there is less competition from owner-occupiers. So, whilst there appear to be better months in which to achieve a quicker sale, the only piece of advice I can give to every home owner and landlord in the Alfreton and Ripley area is do the right thing for yourself, do your homework and buy, sell or let with both your head as well as your heart.
So to conclude it really comes down to personal choice when you place your property on the market but you might just want to bear these factors in mind.