FAQ: When is the best time of year to sell my house?
The simple answer to this is: How long is a piece of string! This is a regular question with people thinking about selling their homes. There is a common myth that certain times of year are better than others:
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5 Common Myths About When To Sell Your House
- It’s September when the kids go back to school..
- It’s Spring when the sun comes out…
- Never sell in August, it’s dead…
- No one looks for property at Christmas…[/alert]
But are any of these true?
There is an argument that it may be better at certain times of the year to sell your house. Spring is often cited,or September when the schools go back. However people are looking for homes all year round and that doesn’t stop for holidays or seasons.
In fact this way of thinking means there is often a glut of sales hitting the market at those times, drowning out your property and giving buyers too much choice. It may be better to sell your home outside of theses traditional periods.
In fact, in the UK they noticed that St. Stephen’s Day was the busiest day of the year for online property searches at Rightmove.co.uk. Christmas is a time where the family get some time together to reflect and may be a time they decide they need a bigger home – or their empty home is too big and it’s time to downsize.
So don’t believe the myths. Seasonal swings really don’t matter. In reality there is only one good time to sell your house:
The only good time – When it’s best for you!
There really isn’t a definitive answer for when is the best time to sell your house. It really comes down to what you want to achieve.
If you are trading up or downsizing it will probably depend on the availability and affordability of your next home. If you are moving somewhere else or because of financial or family reasons it really comes down to when your life suits a move.
Don’t worry about trying to time it with the market, just make sure it’s the right time for you and your family.
Don’t be afraid of a downmarket
One final thing: don’t be afraid of a downmarket.
Sometimes people put off selling because they hear that the market is falling. They think they will get less for their home and that is a bad idea.
However, if the whole market is quiet or indeed falling, the home you want to buy next is also falling. It’s at these times people can make smart moves if they get a good price for their sale and successful negotiate a favourable price for their new home.
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Find Out More:
- Why Christmas is the most popular time of the year for property portals?
- Why smart people move in a down turn?[/alert]