The property market is full of myths regarding the best and worst times of year to sell your house. In truth, each house sale is unique and the speed of sale depends on various factors. The location, the condition and the price all play a role. The time of year can have a major impact too, so when is the best time to sell your house?
When is the Best Time to Sell Your House?
Spring. It’s been shown time and time again that spring is the best time to sell your house. This is likely due to the fact that people aren’t away on holiday or busy with Christmas. If you want a quick sale then put your house on the market in Spring.
Summer is a relatively slow time of the year to sell your house due to many people being away on holiday with their families. You may be lucky enough to find a buyer who wants to move house before the start of the new school year.
Autumn has been a successful season for selling a house for many. If the weather isn’t too cold, then your house can still look great to potential buyers. There also aren’t many events that happen around this time of year, so people aren’t going to be extremely busy.
Winter is another bad time for trying to sell your house due to it being Christmas. People are generally just too busy to be focused on moving house. It’s probably best to hold off until January when the market does pick up and people start to think about the year ahead.
Can the Area Impact the Sale?
The area you live in will have a huge impact on how quickly your house will sell. Are there good schools in the area? Does the area have good transport links to the city? Are there fun things to do nearby? All of these factors will affect how desirable an area is to live and therefore affect the speed of the sale.
Summary: When is the Best Time to Sell Your House?
If you’re looking to sell and purchase a new property at the same time then keep an eye on the market around where you’re looking to buy. This will help you align the sale of your property and your next purchase.
As soon as your house is on the market, you should be looking at other properties to ensure a smooth transition and house move. Check out out our article on property chains for advice on how best to deal with those.