Oct 28
20140
commentsMarket thoughts: when is the best time to sell?
One of the most frequently asked questions of a property agent is ‘when is the best time to sell?’
With changes to the pattern of properties being bought and sold Stephen Holland, head of residential sales for Carter Jonas in Cumbria, has this advice for those who ask.
“The traditional spring and autumn peaks are flattening” says Stephen “and we are seeing a market that is increasingly active throughout the year.”
“Even the quieter period in the run up to Christmas is not as fallow as it once was with school intakes now available in January and Cumbria being a popular tourist destination year round.
“This is also the time of year when people begin to make plans for what they want to achieve in the New Year.
“In the last few years we’ve seen many properties being introduced into the market in January and February and a rush of calls from purchasers who have decided that this is the year they want to move or buy a second home.
“If you want to capitalise on this upswing, it is vital that the groundwork is put in now.
“Building a rapport with an established agent is an essential first step. Much of what appears in the national media doesn’t apply here in Cumbria or has a southern bias. It’s vital to get good information about local conditions.
“Now is also a good time to organise for photographs to be taken before the weather really turns. Brochures can then be prepared for an early launch in 2015.
“For some people planning ahead means looking even further down the line” adds Mr Holland.
“We have noticed an increase in one group of buyers living in significant houses which have been their homes for many years. They are acquiring smaller, character properties in our most desirable villages and market towns even though they may not be wanting to move in for some time. This is real forward thinking – buying when they see just what they want and then renting it out until they need it.
“The General Election in May could cause a temporary blip but there is every reason to believe the early months of 2015 will see a brisk trade.
“Ultimately be reassured that a sensibly priced house will sell at virtually any time of the year provided it is presented in a professional manner”.