What is the best time of year to market your property?
This is a question I’m constantly being asked, particularly as we look towards the warmer, brighter days of Spring.
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 severalfactors 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 moreeffective. In a nutshell, I would say that this is reflected through the Seasons ...
Spring: Typically there are more house buyers when the daffodils begin to show themselves Summer: Sellers may miss out on house buyers who are taking their annual holiday and fewer renters tend to move during school holidays Autumn: Enthusiasm for moving home generally returns, as everyone begins to think about getting moved in time for ChristmasWinter: The festive season is often a quieter time for the property market.
Additional considerations... 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, with the NEW YEAR NEW HOME resolution in mind. 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 or not to move house. On one hand you might delay putting that FOR SALE board in your front garden so that you can move in the school summer holidays, but on the other hand, you might want to move sooner so that you are living in the catchment area of a preferred school in plenty of time for the next academic year.
So, whilst there appears to be better months in which to achieve a quicker sale, 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.