Historically, March has always been a favourable month for sellers to put their property on the market, for a few different reasons. This year, we believe there are even more reasons why Spring is a good time to sell your home. So – what could you expect from a sale in Spring?
2020 has proven to be a record year for property already with January showing record-breaking figures. Rightmove report that they have had 152 million visits in its busiest month ever and that sales agreed on properties is up 12% compared to this time last year.
Whilst we thought last year that buyers may be hesitant to make the move due to Brexit, the opposite effect has taken place, as both property sales and browsing activity show a promising return for homeowners.
2020 is the year where buyer confidence is growing again. Following January’s Brexit closure, Rightmove and Zoopla reported a rise in market activity. Whilst buyer confidence has returned, sellers have not been so quick to act which means that demand is currently outstripping supply, potentially adding more value to your property.
Better Kerb Appeal
It is very common for buyers to walk by and see a property ahead of a viewing, with 68% of buyers rating ‘kerb appeal’ a top priority when considering a property. With this time of year bringing lighter, longer evenings, this also puts sellers at a crucial advantage.
Higher prices, Less Competition
This record-high activity from buyers comes as Rightmove reports a dramatic increase in property asking price, enquiries and sales agreed in the month of January. From this surge of interest that we are seeing from buyers, you will almost certainly receive concentrated interest from those who are serious to commit to buying, with less competition from sellers who are slower to come onto the market. This combined with the average asking price having increased by 4.1% across the UK this year, could mean a quicker sale at greater value.
As a result, there has been a 3.9% annual house price growth across all UK cities, meaning that every city in the UK has recorded a significant increase in buyer demand. This alongside the fact that 2020 has seen buyer demand jump 26% compared to previous years, the political uncertainty fading, as well as low mortgage rates means that now is a great time to consider bringing your property to the market.
This might not come to mind immediately, but this time of year is perfect for capturing some lovely outside photographs of your property. Not only will everything look brighter, but your garden is guaranteed to look a whole lot better when the sun is shining. The grass will be green and the flower beds starting to bloom which is enough to make any garden look more appealing.
There are a number of ways you can get started – you can try our Instant online valuation tool or book a market appraisal to see how much your home is worth and how we can help get the most from your property.