Residential News: Thinking of Spring Sales?

Lynn Nixon, Associate and Branch Manager at our Northallerton office, has over twenty-five years’ experience advising on the property market. Here she discusses the question that pops up most during property valuations at this time of year, is spring the best time to sell?

First, you may want to look at the market in your area. Typically, spring and summer are the peak selling seasons for property market in many parts of the world, not just the UK, and for good reason:

• Weather: The weather in the UK tends to be milder and more pleasant in the spring, which makes it easier for potential buyers to view properties. It's also a time when gardens and outdoor spaces look their best, which can make your property more appealing to buyers.
• Lighter evenings: As the days get longer, buyers have more time to view properties during daylight hours, which can make them more likely to arrange viewings and attend open houses.
• Increased demand: Spring is traditionally a busy time for the property market, as buyers who have been holding off during the colder months start to come out of hibernation and actively look for properties. This increased demand can help to push up house prices and make it easier to sell your property quickly.
• Market timing: Many people choose to sell their homes in the spring in order to take advantage of the busiest time in the property market. This can help to ensure that your property is seen by as many potential buyers as possible, which can increase the chances of a successful sale.
• The Spring Budget: Since the Autumn Budget, house prices have continued to slow slightly, with Land Registry reporting a drop of 0.4% in house prices, but mortgage rates have begun to sink back to the expected levels, raising consumer confidence.

Second, you may want to consider your personal circumstances. Are you in a rush to sell your house or can you wait a little longer? Are you prepared to move out of your current home? These factors can also influence your decision to sell in Spring or wait until later in the year.

Ultimately, the decision to sell your house in April depends on a variety of factors, including the property market, your personal circumstances, and the advice of professionals. It's important to do your research and carefully consider your options before making a decision.

If you would like professional, unbiased advice on the current value and marketing of your existing home contact your local youngsRPS office.

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