When is the Best Time to Put my House on the Market in Southampton?
Barney Brander created on 14th July 2020
There is a dance we do when it comes to buying and selling a property! In most cases, you’ll want to sell your property first and then buy another property second because this means having a greater deposit to work with and enough funds to cover all your moving costs. If you sell at the right time, then you can potentially sell your house fast and for the asking price or, if you can start a bidding war between multiple interested parties, in some cases, greater than the asking price.
Seasonal Selling: Housing Market and Selling Expectations
Spring
Spring is a great time to sell and traditionally is the season when lots of properties come to market. Potential buyers are not away enjoying their summer holidays, there is that feeling of warmth and renewal in the air, and in general, many people want to move during this season simply because it means they can settle into their new home during the warmer, more pleasant months of the year.
Summer
Summer has windows of opportunity for selling your home but it’s important to understand that this is also a time when families will be preoccupied either with taking care of their children who are off from school, or away on holiday. That said, many people do have extra time in the summer due to taking time off work and may potentially fit viewing houses into their schedules.
Autumn
Like Spring, Autumn is another traditionally great time to sell. Try to get your property up and ready – clean it, declutter it and stage it – before the summer ends. This way, you can get it on the market by late August ready to woo those fresh September buyers!
Winter
Winter is busy with preparations for Christmas, which means that after December 1st you may see buyer activity slowing down. Come January though, the market usually picks up again ready for that all important leap back into Spring!
Other Considerations When Putting Your Home on the Market
It’s not only the season that can make a difference to the best time to put your home on the market. These other factors also play a part:
Planning Works Nearby
If there are big road works or building works going on outside your property, you might want to wait until these are completed. Objectively, it should only improve the value of your home, so it may be worth holding off!
Conversely, you could also use planning works in progress to boost the value of your home whilst it’s on the market. For example, if new transport links are being built nearby this could attract more buyers to your property. Be aware of what is being done near you so that you know whether to wait or whether you can use it to boost value.
The Housing Market
In some cases, the housing market will be booming, and the value of properties will be so high you will want to ensure you take advantage of this and get a sale as fast as you can. In this case, it is best to hire professionals to come in and deep clean and stage your home so you can sell it fast, whilst the market is hot.
The Economy
A recession or political uncertainty is always going to have an impact when selling your home, but you do have other options whilst you wait for the ideal time to put your house on the market. If your mortgage is entirely paid up, you could rent your property out until the best time to sell. This way you can also benefit from an income. If you want to rent out your home but still have a mortgage, then you will need to speak with your lender to get the necessary permissions and switch to a buy to let mortgage.
Be Prepared in Advance No Matter What
Of course, you want to sell, above all else, so whatever the season, it’s important to be ready. This means having your finances in order, getting your home in order, decorating and making minor improvements and repairs, and ensuring your property looks its absolute best and so attracts views. A house that is ready to be sold is far more attractive to buyers than one that is not!
If you are considering putting your house in Southampton on the market, talk to us at Lets Rent Southampton on 02380434448 for the best possible advice.
Want To Sell Or Let?
Start your journey with a free property valuation.
Barney was born in London but brought up locally so has an expert knowledge of the area. He has been in the industry for 19 years and is passionate about all things property. If you need any advice on selling, letting or investing in Southampton then he is your man. He lives locally with wife Anna and 3 children Milo, Betsy & Cora who tend to keep him rather busy! In his ‘Free’ time you’re likely to find him on the golf course or bemoaning his decision to renew his season ticket at St.Mary’s.
My partner and I rented a flat with this agency and had a really great experience, especially because of Sam, who throughout the process of renting our new flat, was friendly, professional, and genuinely helpful. He always responded quickly to our emails and calls, kept us updated, and never forgot ...
Lauren Deeth-Kelt
The team have been amazing particularly Sarah who has been so responsive and helpful getting everything organised for me. Maintenance and repairs have been quick. Honestly the best estate agents I've used.
Adrian Trout
They were the agents for my rental flat and they are always helpful to deal with. Dealing with Sam on the phone always helped me out and was able to reach solutions quickly. I can see why they are a leading agent in the area!
ccgaming vidos
Amazing service from Sam ! Highly recommend
Natalie Mansbridge
William Mckie
Had the best viewings with Sam , answered all our questions and explained everything we needed
George Williams
Consistently helpful throughout the process of sorting out the renting agreement, deposit and key collection,
Sam was Especially quick to respond to all my queries
Katie cummins
Sam has been very helpful
Ruby-mae Stringer
Sam was brilliant and helped the whole way through
Mick Manning
Very helpful and understanding. Friendly and made the move as stress free as possible. Thank you Sarah as well for being patient with everything. Definitely recommend to anyone thinking of moving
