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Spend just a few minutes researching the best times to sell, and there are likely to be several pointers indicating that the summer months is one of the worst times of the year to put your property on the market.
Property agencies have frequently noted a market slump during the months of July and August, with the market typically stagnating until September, when the Christmas countdown begins and people want to be settled in their new place by the holidays. Between summer getaways and juggling childcare over the school holidays, beginning the process of moving house is understandably the last thing on peoples’ minds. May as well wait for some peace and quiet once the kids are back at school, and then a thorough tidy up can commence before inviting an agent over to take photos, right? Granted, this makes sense in some circumstances. But despite the negative press, summer selling isn’t always a bad idea.
The summer holidays can be a double edged sword when it comes to moving home. While it might make sense for some to wait until the kids are out of the way and back to school, for families moving to a new town, the summer holidays are a crucial time in order to avoid disrupting the childrens’ education and help the family to settle before September (and school!) comes back around.
Additionally, everything looks better in the sun, and your home is no exception. The garden will be in full bloom, rooms will be naturally brightened and blue sky backdrops will make your home’s exterior look its very best. The importance of well taken property pictures is critical when securing those all-important viewings, as homes with skilfully taken photos sell an average of 30% quicker than those with poorly taken pictures.
However, the main reason that we think disregarding a summer sale is a rash move, is because of the amount of time it takes to sell a house in the first place. The average time to sell a house is 16 weeks, which is just shy of 4 months. With the months deemed the ‘summer months’ (July and August) typically being around 8 weeks, 15% of the total yearly marketing time, we think it’s a good idea to get the ball rolling sooner rather than later.
So, why wait until September? Summer is an excellent time to get started on your next move. We aren’t saying you need to put your house on the market this second, but taking those crucial first steps, such as small DIY changes, getting your home professionally valued and instructing an agent to prepare the property details, will mean you are a few steps ahead, and ensure your property is one of the first to be noticed when September comes around. Call your local branch to get the ball rolling on your summer sale