Spring is typically considered a good time to sell, but listing a property earlier in the year shows significant benefits for homeowners.
Increased activity
Buyers and sellers are starting to realise this, with The Property Centre noticing increased activity in early 2024, indicating higher buyer engagement in the market.
Serious buyers
It is reasonable to expect that this trend will grow as we approach spring and potentially witness a decrease in interest and mortgage rates. Therefore, if you are considering selling your home this year, you may benefit from listing it earlier in the season to stay ahead of the competition and have a wide selection of properties available for your next purchase.
At this time of year, in the present market conditions, buyers are typically more committed to finding the perfect property. While it may take a little longer for them to make an offer, as a seller, you can be assured that any offers received have been thoughtfully evaluated and that the buyer is genuinely interested in your property.
More appealing
Recent trends indicate that sellers prefer to accept a favourable offer instead of waiting for competition to build. This shows that buying ahead of spring is advantageous for purchasing a property. If you are a buyer with a property to sell, your offer becomes more appealing if your current home is already under offer with a committed buyer.
Certainly, the market operates in a cycle, with properties only available if sellers decide to list them. Although the media spotlight is often on first-time buyers, a significant portion of the market consists of homeowners aiming to sell their current property and move on to a new one. While it may not return to the post-Covid peak, the market is gradually gaining stability, presenting an opportunity for proactive sellers to capitalise on their onward property purchase.
A new home for summer
Selling at this time of year means a seller is much more likely to have moved into their new home during summer. Longer days and better weather are much more appealing to those who planning a move. For those with children, being settled in their new home before the new school term begins is also a bonus.
