Planning to sell your home in 2023?
Find out the number one reason why you shouldn't wait until Spring to market your home.
Many believe that the property market is seasonal. As Christmas approaches and winter sets in, we all hunker down, and property sales dry up. But the market gets busier again as springtime comes around. As the weather warms up and our days get longer, daffodils and tulips fill our gardens with colour, making properties look much more inviting. Photographs always look better with blue skies and sunshine rather than the grey gloom of winter clouds.
Usually, the Easter break marks the start of the busier period for house sales. After the winter months are spent preparing and planning, people start to think about putting their homes on the market for sale. Homeowners will begin to flood the market with new instructions around this time.
As new properties come onto the market, buyers have more choices, offers come in, and the number of sales agreed increases.
But do we sell more properties at this time of year because that is when the buyers are looking, or is it because sellers believe this is when they should put their homes on the market?
Consider, for a moment, that buyers are looking to buy all year round, but sellers are holding off, causing this seasonality.
If a buyer is thinking about buying a property in 2023, the chance is that they will begin their search early, often between Christmas and New Year.
This is a simple case of supply and demand. And we all know what happens when the demand is higher than the supply - we see higher prices.
If the supply isn't there because all property sellers wait until Easter to start marketing, you could assume that those homeowners choosing to market their homes during a time of lower supply could stand to achieve the highest prices.
What can those buyers who are searching for their next home look at if no one is marketing their property until Spring? What if you were to take advantage of the lack of competition from other properties and put your home on the market earlier in the year?
How great for you if your property is on the market for sale and everyone else is waiting until the daffodils bloom!
The housing market is always open. There are busy times and not-so-busy times, but there are always buyers that are looking to buy. Why not make the most of this quirk in the housing market and put your property up for sale early in 2023?
You may think there isn't enough time to prepare everything, but you can start the ball rolling anytime.
If you are curious but are not ready for an actual appointment for a property valuation, why not try an instant online valuation? It's super easy, and you don't have to speak to anyone or have anyone come to your house. Simply complete the information, and your property value estimate will be sent to you by email. Of course, this option is automated and has an accuracy level of around 70%, but it is a great place to start.
If you are ready to get stuck in and start making your home moving plans come to fruition, get in touch to book your in-person property valuation appointment with one of our experts.