As November looms ever closer, many home-sellers will now be debating whether it’s best to list their properties now, or wait until January, when the market is typically at its most active.
After Christmas, there is undoubtedly a significant uptick in motivated buyers coming to market. According to industry experts, however, this should always be weighed against the statistics which point towards a window of selling opportunity in the weeks ahead, even before the market’s traditional festive hiatus officially begins.
This year, the time that it takes to sell a home in the UK has increased from 44 days (in January), to 60 days in recent months. With this in mind, the date which home-owners would need to list their property by, in order to be in with the chance of a pre-Christmas completion, is Friday 27th October (according to the Home Owners Alliance.)
It goes without saying, that many factors can influence these timescales. These include, but are not limited to, the pricing of the property, the length of the purchaser’s chain, their mortgage status, and the overall proactivity of the Estate Agent looking after the sale.
As a general rule, using an independent and reputable estate agent such as Braxton, will typically bode better for the kind of targeted, considered route to market that a timely, effective sale invariably depends upon.
In the last month alone, Braxton have seen a 30% increase in new instructions, including this four bedroom detached family home in Altwood Bailey, Maidenhead.
Also new to market in what is proving to be an uncharacteristically active autumn selling season, was this well-appointed two bed property in the popular Powney Road (now sold,) and also this two bed property in rural White Waltham.
Of course, there will be plenty of instances in which a move before Christmas isn’t the preferred or most logistically suitable approach. In this case, waiting until the New Year, and embracing a delayed (yet strategic) selling approach, can often yield the highest chances for a positive selling experience.
For more information on the current market, or to book a no-obligation valuation on your property, please contact Braxton on 01628 674234 or email property@braxtons.co.uk