Selling Your Property In Winter |Home Report Company
There is a misconception that winter is a bad time to sell your home. The housing market naturally slows in the winter months, with the Christmas period traditionally having a marked impact on property sales.
But, I always tell clients not to believe the myth: winter can, in fact, be a great time to market your home. Especially in Scotland.
The housing market in Scotland
The resilient Scottish property market is becoming increasingly unseasonal with all-year-round demand for homes. Admittedly, spring and summer remain the busiest times to sell — which also means a housing market flooded with properties to choose from. However, January and February are also important months for marketing properties as there is always an influx of newly energised buyers following the festive break.
Serious buyers
There also tends to be more serious buyers at this time of year, often those who are ready to move. Indeed, this year’s current trend of selling first before purchasing will have undoubtedly led to a whole raft of buyers ready to make their move. And with less property supply than the busier warmer months, there is likely to be a spike in demand for homes as a result.
Lastly, with many commentators believing that lenders will increase mortgage rates in 2022 on the back of inflation hikes, the property industry is witnessing an increased appetite right now from buyers wanting to move as quickly as possible.
Looking to Sell?
From a seller’s point of view, with fewer homes to compete against, and more serious buyers, the rewards can be high both in terms of quicker sales and potentially higher sale prices.
I always recommend to clients that if they want to sell at this time of year then it’s crucial to get organised so the property can be marketed as early as possible in January to capture the spike in interest. Therefore, now is the time to act and get prepared.
Choose your estate agent wisely to ensure a company that has expertise in your area and a high success rate for selling similar properties. They will also need to be able to work fast to get your home on the market, using the best channels to ensure the property has maximum visibility to potential buyers. This is also the time to get your home dressed to sell, ensuring it is sale ready and in as good a condition as possible.
It’s important to remember that, before any home can be marketed, a Home Report, is needed. This crucial pack of detailed information about the condition and value of a property is commissioned by the seller and must be available to potential buyers before the property goes on the market.
The team at The Home Report Company can get your Home Report turned around within two working days. With offices right across Scotland, our highly experienced Chartered Surveyors, are available seven days a week, at times that suit you, to help get you to market as soon as possible.
Then, all that’s left to do is enjoy Christmas 2021 and look forward to moving on or moving up in 2022.
If you are looking to sell your property, you’ll need a Home Report. We are RICS Charted Surveyors specialising in Home Reports across Scotland. Get in touch today to arrange a time to suit you. We offer early morning or evening and weekend appointments. Call us on 0131 608 0175 or email us at info@homereportcompany.co.uk
Originally published at https://www.homereportcompany.co.uk on November 25, 2021.
