10 Dec Why January is a great time to sell your property
While 2020 has been a bit of an anomaly when it comes to statistics, the fact still remains that the housing market has shown amazing resilience through these unprecedented times. As we hurtle towards the end of the year, we are seeing a pause in the market as people ready themselves for the January rush.
If you are thinking of making your move in the new year, we are always adding to our amazing catalogue of properties for sale in Virginia Water and the surrounding areas so, check in regularly or call us on 01344 843000 and email us.
Traditionally, people spend significantly more time at home during the Christmas period than during the rest of the year. This hasn’t exactly been true of this year having endured two lock downs in the UK due to the pandemic.
Spending more time at home often makes people think about how they could improve their living arrangements; it’s this thinking – combined with the stamp duty holiday and mortgage rates – that has kept the property market buoyant throughout the pandemic.
The Holiday Blues
Many family decisions are made during the Christmas holiday period, they create excitement and goals for the year to come in an effort to combat the post-Christmas blues. We see swathes of motivated buyers and vendors coming to market in the first weeks of the year and smart vendors will be readying their properties in time to hit the market as early as possible to beat the competition.
The start of the year is a time for resolutions and goal setting; with most people back at work and looking for inspiration on their next big move, it’s the perfect time to bring a property to market. Serious sellers will have their home online and marketed early to ensure they don’t miss this audience.
The Early Bird
Traditionally the property market becomes saturated in the Spring and Summer months and so, getting your property on the market in January could help you appeal to the most motivated of buyers and even get your transaction completed before the Spring deluge.
In fact, according to research conducted by one of the major online property portals, Boxing day is the busies day for people browsing new homes.
In January, with the festive season over, solicitors and estate agents are back at their desks and eager buyers who may have missed out on securing a deal at the end of the deal are coiled, ready to pounce on their dream home. Getting your home to market in January could secure you a quick sale for the right price, especially with the lack of stock on the market.
Security for 2021
The pandemic has affected the general population in a number of different ways; going in to the new year there will be a fair amount of uncertainty regarding employment and the larger economy. Moving home to one which is more appropriate for your requirements might free up some much-needed funds, while moving home at this point you could even save yourself some money by taking advantage of the stamp duty holiday (ending in March 2021, so be quick) and record low mortgage products.
Moving home could get you into a property which better suits your needs, especially should there be another lock down. This year, we have seen a rush of families looking to escape the City in order to find more space and better value properties and this looks set to continue until Covid-19 has passed and life returns to ‘normal’.
So, if you’re looking to make a move, January provides a great opportunity to achieve a timely sale with an influx of newly energised buyers.
Get in Touch
If you are thinking of moving to the area, make sure you take a look at our amazing catalogue of properties for sale in Virginia Water and the surrounding areas.
If you’d like to speak to someone about properties to let in Virginia Water, a member of our expert team would be happy to help. You can call us on 01344 843000 or email us. You can also follow us on Facebook, Twitter, Instagram and LinkedIn.