Spring Property Market: why wait?
Victoria Linsley explains why you shouldn’t wait for Spring to sell and why our advice is that now is the time to launch your property to the market.
We’re hoping that there’s light at the end of the wintery tunnel and that spring is within reach. Flowers are breaking through, the grass us turning and we live in hope of brighter weather. However, this year’s no different from other years… again, we ask sellers holding out for the magic of Easter/spring; why wait to compete against a flood of new property in the market?
Our general advice is that now is as good a time as any to sell your property. However, we still hear the same comments from cautious vendors. They feel the best time of year to market their property is the spring.
What’re are keen to stress is that buyers don’t wait until the spring before starting their search. Generally, buyers will also be selling, and will tend to move for reasons other than because they fancy a change. The most common reasons we see for house moves, in the present climate, is to be nearer to family, relocation due to work or up/downsizing because the property no longer meets their requirements. These factors are present at all times of the year, which tells us that there’s no particular merit in waiting for good weather (if indeed it ever arrives!?) especially when that’s when you will have the highest levels of competition.
There’s a certain amount of caution in the market, given the political situation, however, whilst funding is still readily available, buyers will still move and we’re experiencing a lot of activity day-to-day in terms of enquiries, viewings and offers.
That said, we do acknowledge how important it is to wait for the right time for you. If you rush your property to the market without preparing, it may not be presented in the best way and when the point comes to agree on, or complete, a sale you may have a change of heart, delaying or damaging the marketing process.
We’re amazed by the amount of scaremongering in the media when it comes to property prices and state of the market! This often stems from reports on the London housing market; something quite different from that of which we are accustomed to. Even though there’s a slight decrease in viewing numbers, the number of offers being received is still comparative to this time last year and there’re a number of people enquiring on a daily basis who can not find what they are looking for due to a lack of properties being offered for sale.
We’re always happy to chat over ideas and give general advice if you are thinking about selling or letting your property, please feel free to contact our friendly and professional team at George F. White, Harmire Enterprise Park, Barnard Castle on 01833 690 390.