Is there Really a Best Time to Sell Your House?
There are many factors that can affect the overall process of buying and selling property.
Of course, the market, the estate agent you use, the type of house you’re trying to sell and more can affect not only the quickness of the sale of your house, but also the price you’re likely to get for it. It can be an incredibly stressful experience, and is actually often referred to as one of the most stressful parts of modern life.
Another factor that undoubtedly can impact the sale of your home, is the time in which you choose to sell it, and studies have proven this. But the question that still stands is, when is the best time to sell your house in the calendar year, and does it really count for all that much?
If this is the question on your lips, then read on to find out more.
Okay, so there’s a “Best Time to Sell Your House”. What Months are the Best for Selling?
According to research, there are actually months that prove to be better for selling property than others:
- The house seller website called The Advisory have found that the best months for selling your property begin with February and go right through to June every year.
- Remember, that selling your property is actually a marketing decision, and should be taken carefully. The more you think of it like a business transaction, the better it’ll be.
- The best time to sell, as with any other kind of sale, is when there are likely to be the most buyers on the market. After all, without them, you literally can’t make a sale.
- Therefore in regards to property, you have to try and sell at the time of year, or in the months of the year, wherein most people are actively looking to buy or move house.
- Therefore, the months between February and June are good for selling, because it’s been proven that this is the time in which most people are actively looking to buy and move house.
- The more people that are looking, the more chance you have of finding someone who will want to buy your house.
- You may even end up getting several offers on your property if it proves popular at the right time of year.
- This is always a positive thing, because it sets up a sort of competitive effect between buyers. If you can get them into a bidding war, you’re far more likely to get the asking price, and beyond, for your property.
- The more hype that’s generated around a property, the more desirable it becomes. That’s just socio-economics!
- The higher you can have the price pushed in a bidding war, the better the result is for you.
- In order to start a bidding war, you need several interested parties.
- In order to have several interested parties, you need to sell when there are the most actively looking buyers on the market.
- And when is this? At the best time of the year.
Do you see how important the time of sale can be to the overall success of the transaction?
Got it. So, those are the best Months to Sell a House During, but when is the best Time of Year to Sell Your House? Because those Months seem to Span over Multiple Seasons…
You’re right. February through to June see’s us going from the end of Winter, travelling through the entirety of Spring, and rounds off in the early Summer. That’s three different seasons, and a pretty broad spectrum to boot.
So the question has to be answered, when is the best time of the year to sell your home?
- Well you might have noticed that the main time of year included in these months is the Spring time and the early days of Summer. There’s undoubtedly a reason for that.
- Think about it. After a long Winter in the UK, there’s nothing more motivating or exciting than the days getting longer, and the nights getting lighter. Not to mention the weather (hopefully!) getting warmer, and the rain coming a little less often.
- The general feel good factor is a lot higher in these months, which tends to mean that people are feeling more ready for change, and are better equipped to deal with the stressful process of buying and selling property.
- So yes, for the above reasons, the Spring time and early Summer are the best time to sell, because buyers are far more likely to be out looking.
- But it’s not just the buyers that make this a good time to sell. The change of the seasons actually gives sellers the opportunity to show off their homes in the best possible light too.
- Think about it, one of the key factors in selling your property well, is to show it off to its full potential. Any professional in the real estate industry will tell you that.
- The better weather and longer daylight hours will give you the opportunity to do just that.
- The vast majority of property buyers will work nine ‘til five hours in order to be able to afford to buy property and pay a mortgage. This means that if they’re going to partake in viewings through the week, it’s far more likely to be on an evening than during the day.
- The light nights will give them an opportunity to see your property properly – even if it does have to be later on in the day. Light helps to improve the positive feel of a space as well as making it look bigger than it would had it been dark.
- Furthermore, consider what your house looks like from the outside.
- We talk a lot about “kerb appeal” in the property industry. this very simply translates to how attractive your property looks from an outside or on street perspective.
- You’d be surprised at how many potential buyers will actually actively go out in their cars, or on the bus, and visit the neighbourhood and the property they’re thinking of viewing, before actually booking it. After all, pictures can be very deceiving, and they don’t want to waste their time, or yours for that matter.
- The exterior of your property will look far better in the Spring and Summer time than it will in the Winter, and that’s a given.
- You don’t have muddy, sludgy weather to compete with – hopefully.
- This gives you the opportunity to do things like painting your exterior fence, renewing your front door, tidying the garden and even adding flower beds and the like if you fancy it.
- All of these things combined, believe it or not, change a property from a house to a home – and isn’t that we’re all looking for?
- The finer details are what can help to sell a property in the end, give yourself the best chance of showing them off.
So as you can see, despite the best time to sell your house spanning over several months and beginnings and endings of seasons, there is a reason for it.
The Spring time and the beginning of Summer are undoubtedly the best times of the year to sell your home in the best time frame, for the best price.
It’s worth considering this prior to putting your home on the market.
Further Questions and Answers on Which Time of the Year to Sell Your House
So there we go, based on research, we’ve been able to tell you what months and which time of year the best time is to put your home on the property market.
However, chances are you’re left with a few unanswered questions, right?
If this is the case, then keep on reading, because below, we’ve collected some of our most commonly asked questions and answered them, just for you.
Is it Ever a Good Idea to Sell Your Home in January?
Quite often, we’re asked whether or not it’s ever a good idea to put property on the Market in the new year:
- According to some research – particularly in a strand done by the advisory – January is actually the worst time to sell your home, particularly in early January. Later in January things might pick up a little bit, but in general they’ve found that it’s one of the worst times to sell a house.
- You can understand why, to a certain extent.
- January, straight after Christmas, tends to be the time in which we all cut back on our costs a little bit as we attempt to keep resolutions and save money.
- If you’re trying to save money, then moving house probably isn’t the best option for you, because it can end up being a rather expensive process.
- However, this can be contradicted.
- If you look at things on the other side of the coin, January the first is the new year. It’s a time for new beginnings and fresh starts, and in this sense, it could be the perfect time to sell your home.
- Although it’s been proven that the market is slower in early January, it’s worth considering that in certain areas and circumstances, people will actually actively want to change the place they live at this time of year.
- It’s a bit of a game of luck, depending what the market is doing at the time.
- Unfortunately, we can’t give a definitive answer either way.
- All we can say is that it has been proven, there are more fruitful and profitable times in the year to sell property, but some buyers will be an exception.
- Generally speaking if the market is good and the price is right, property will always sell.
What is the Worst Month in the Calendar Year to Sell Your Home in the UK?
So, we’ve talked in some depth about the best months in the Calendar year to sell your home. so what are the worst months in the year for selling property?
- Rather than it being a single month, much like the best time to sell your property, it spans.
- The worst months to sell your property in, according to in depth research conducted recently, are December, early January and August.
- When you think about it, these times of year are fairly logical for people not wanting to move a house.
- As we mentioned above, in many circumstances, in early January people are looking to cut back on their spending after a pricy Christmas season. Although there are exceptions to the rule – in that some people actually want to move in the new year as we said – generally speaking, people are waiting for their January pay cheque to come through, are ready to get back to their routines and settle down after a period of partying and excess, and therefore are less likely to go out looking for houses actively. Some of them may even have Christmas debts to pay off.
- Similarly, in December, the Christmas season is upon us – meaning there’s enough to organise without adding a house move on top of the list. Think about it, you’ll have your hands full, particularly if you’re hosting. There are presents and gifts to buy, meals to prepare, drinks to serve and parties to have. None of these things really go hand in hand with moving your entire life to a different location, do they?
- August might seem like a strange one, because it’s in the Summer. Surely that’s a good time to sell, right?
- Well, the truth is, that August is actually the most popular time of year in the UK for people to go on holiday. The kids are off school, the weather is great, and the beach is calling! Not exactly a recipe for selling property.
When is the Worst Month to Actually Put Your Home on the Market?
We’ve talked a lot about the best and worst times to sell, but does the month you actually put the property on the market affect the overall sale?
- The results for this were taken considering the first day the property was put on the market, up until the sale was actually completed in full.
- This particular analysis found that the worst months to put your property on the market were October through to the middle of November.
- The average amount of days it took for the sales to complete in full when put on the market at this time, was 79.
When is the Best Time to Sell Your Home in the UK?
So, we’ve told you the worst months to put your property on the market. Let’s end on a positive note, by finding out the what the best time really is to sell your property in the UK:
- Again, the results for this were taken in the same way as above. From the first day the property went on the market, until the sale was completed in full.
- As we stated earlier on, the best time to sell is from the beginning of Spring time to the early Summer.
- In more detail, the first best month to put your property on the market was found to be March, as the total time of putting property on the market to the completion of sale was only fifty seven days.
- Coming in as a close second was April, with the average number of days landing on fifty eight. Only one behind!
- These months are often referred to as the “Easter period” and we would agree that this is the best time to sell property.
We hope this article has been of some use to you in helping you decide when the best time to sell your home is!