When is the Best Time to Sell a House?
When you’re selling a property, you’ll want to make sure you put it on the market at the best time so it sells quickly and you can get the best possible price.
There will be some circumstances when you won’t be able to choose when you sell your property, for example, if you’re relocating for a new job, or for financial reasons. However, for those that do have the luxury of deciding when they want to put their home on the market, our below guide can help you decide when the best time is.
Does the Type of Property Affect When You Should Sell?
Whilst there are some general rules for what time of year a property might sell quicker, the type of property will also affect how quickly it sells and when you can get the best possible price. Of course, there will always be people who want to buy properties, at all times of the year. But below are when the specific property types are likely to be more in demand.
1- and 2- Bedroom Homes
1- and 2- bedroom homes will usually be bought by first-time buyers and younger couples. So, the best time to sell this type of property will often be around September, as people will be looking to spend their first Christmas in their new home. Or, these types of properties can also sell quickly in January and February, when those who are still living at home with their parents have one last Christmas in the family home before they move on to their own place.
3- and 4- Bedroom Homes
Larger homes will usually be bought by larger families, or couples who are about to start their own family. So, the best time to sell these types of properties is outside of school holidays, when parents have more time to house-hunt. So, it’s best to avoid selling your home in August, around Easter, and around Christmas if you have a 3- or 4- bedroom home.
Bungalows or Retirement Homes
People who are looking to downsize or retire will often want to house hunt in the warmer months. So, putting these types of properties on the market in the summer months will likely result in a quicker sale.
The UK Property Market by Seasons
So, whilst the specific type of property may have various times where they sell better, we can also look at the property market as a whole to see when the better times to sell are.
Spring (March, April, May)
Spring is generally considered to be the best and most popular time to sell a house. Aside from the Easter holidays, which can fall in either March or April, the arrival of good light and better weather can encourage people to start their property hunt. Properties will generally look more appealing than they will in the winter months, especially if they have gardens that are beginning to bloom.
However, the downside to selling at this popular time is that the market can be over-saturated, meaning you’ll have to price your property competitively to stand out. Also, solicitors and estate agents are likely to be busier in these months, so sales may take slightly longer when it comes to the conveyancing process.
Summer (June, July, August)
Early summer can be a good time to sell your property, for the same reasons that Spring is popular. However, late summer, especially in August during the summer holidays, can be a bad time to sell. People are often either too busy looking after their children or away on holiday and not worried about house hunting.
If possible, it’s best to either ensure your property is on the market in early July or wait to sell until September.
Autumn (September, October, November)
Autumn is a good time to sell your house, with people who want to move now having more time after the summer holidays. They’ll also likely be motivated to move in before Christmas, so will want to find and complete a sale quickly. Whilst there may be fewer buyers than during Springtime, they are often more driven to move at this time of year.
However, November is a poor month to try to sell, as very few people want to worry about moving over Christmas. So, if you can, you should put your property on the market in early Autumn or wait until the new year.
Winter (December, January, February)
Early winter is not a good time to sell your property. As we’ve mentioned, most people will not want to move over Christmas, so there are fewer people looking for a new home during this time. As such, it could take longer to find a buyer and your property could end up staying on the market for months.
However, after the Christmas period, more people will start to think about moving and the property market will pick up again. Late January on to February can be a great time to sell your house, as there will be more buyers on the market but you’ll avoid the heavy competition of the Spring period.
Is It Always Best to Sell in the Peak Seasons?
No, it’s not necessarily best to sell in the peak seasons. Ultimately, you should sell your property whenever is right for you and your circumstances. Also, as we’ve seen over the past few years, there are many other factors that can affect the property market, like recessions, Brexit, and the pandemic. So, moving in a particular month does not guarantee a quick sale at a good price.
SOLD.CO.UK can sell your home fast at any time of year, with 87% of our property sales secured in as little as 30 days. We offer a fully managed and tailored property selling service, completely free. We even cover your legal costs. Contact us to speak to one of our property experts about how we can help with your property sale.