As we enter the New Year many people will start to think about the prospect of buying and selling again in 2023.
Traditionally, the New Year is accompanied by a renewed sense of optimism and objectives and the property market is no different.
There is one misconception however that as agents we always challenge, and that is the belief that sellers should wait until the spring before trying to sell.
Admittedly, the evenings are still dark and cold, but January is the time when buyers emerge after the holiday season looking to start the buying process again but can be frustrated with the lack of choice as sellers mistakenly delay putting their properties on the market.
We would urge anyone thinking of selling to take advantage of this temporary imbalance of supply and demand by being one of the properties that is actually new on the market! Whilst viewing activity may be slightly less frenetic, you can be assured that every viewing will count, as you will only be dealing with those serious buyers for whom the Christmas and New Year holiday season is an inconvenience. Buyer activity on the portals is at its peak over Christmas too!
So why not sell now instead? Also, by the time a buyer is found, you will be able to take advantage of this increase in supply yourself as you seek a new home. Having a buyer for your own property ahead of everyone else puts you in a strong position as a purchaser, with a selection of properties from which to choose in a market of buyers who have otherwise yet to sell.
So, if you are contemplating a sale in the next few months, we suggest you take advantage of the situation now and be strategic, and position your property for an early sale at a time when demand is likely to outstrip supply.
We wish you a Happy (and moving) New Year!