Redstones Residential Sales

Is August A Good Time To Sell Your Property?

Traditionally, August has always been seen as a slow month for house sales but at Redstones, we beg to differ. Although house sales slowed slightly in the last month, prices are continuing to rise for the foreseeable future, influenced by the fact that Britain is expected to be one million homes short to meet its housing needs by 2025.

One of the reasons for the slower movement in the sales market is the fact that once property owners have sold their home, they often face a challenge to find somewhere suitable to move on to due to the shortage of properties on the market.

In answer to the question, is August a good time to sell, our answer is yes.

In fact, at Redstones, we believe there is no such thing as a ‘bad’ time to sell your property.

While Spring and Autumn are traditionally believed to be optimum sales periods, our experience tells us otherwise. 80% of property searches now being carried out online, which probably influences the soaring levels of online searches at the end of the year.

Here’s our all year round advice on selling your home.

Check out your local area : Are any long-term building or road works scheduled to be carried out close to your property? If so, our advice is to wait until the works have been completed. Trying to sell while they are underway may reduce the value of your house and deter potential buyers from arranging viewings.

Get your timing right : While the housing market is generally buoyant, certain areas may buck the trend for economic or geographical reasons. Talk to your local Redstones estate agent for insight into your area and to confirm whether now is the right time for you to sell. Our aim is to sell your property in the fastest possible time at an optimum price. Buyers can be wary of houses that are on the market for a long time.

Think it through : If you want to move home, whether to downsize or to accommodate an expanding family for example, it’s essential to select a time that’s right for your personal and financial situation. Consider your options carefully and work out how much you can realistically afford, particularly if you are intending to move to a bigger property. Once you’ve found a buyer it’s important to be able to move quickly and maintain momentum in the sales process.

Fix it up : Your home should look its pristine best before putting it on the market to encourage viewings – and an early sale. That doesn’t mean spending money you don’t have on big renovation projects but carrying out minor repairs to improve the aesthetics will reap rewards. You’ll find more information in our previous article 6 Tips For Presenting Your Property For Sale.

Explore your options : If your personal circumstances mean you have to move as soon as possible, you have a number of options available.

  • Lower your price for a quick sale to attract potential buyers.
  • Consider renting your property as a short-term solution.
  • Sell your property at auction. Should You Sell Your Property At Auction? will answer some of your questions.

Contact Redstones : Considering a move but not sure of your options? With our expertise and in-depth knowledge of your local market, Redstones offers realistic advice on what to expect. Contact us today to find out more about our services.