Today could be the best day to sell your north London property
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If you’ve been thinking of selling your property you might want to consider geting active today, as research from online estate agent eMoov has found that the 2nd of September is the best day to put your property on the market
Their research identified four key reasons why the beginning of September is a good time to sell – these being increased buyer activity, the approach of the festive season, school admissions policies and the benefits of early autumnal weather.
While Hampstead-based estate agent Mark Wayne said that he believed that in the local area Easter was the best time to sell up, he agreed the other strong selling time was the first week of September.
“When people go away during summer they discuss their moves. It’s always seems to be after family time as they get a chance to think it over. While sales slow during the winter months, September is good because the sun is still out – it’s an emotion thing,” he said.
Russell Quirk, founder and CEO of eMoov.co.uk, added that selling in September could yield a higher price and make properties easier to shift.
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“Listing your property for sale on the 2nd September is certainly going to aid the sale of your home. September is the second busiest month for buyer activity on Rightmove and Zoopla. Although January tops the table in terms of traffic levels, it’s also one of the peak months for those listing their property so competition is fierce.
“Selling in September could also result in a higher price achieved. Our latest Property Hotspots Index shows that demand for property across the nation has risen by 9% since the start of the year. It’s when demand starts to outstrip supply that we see house prices start to climb.”
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1. Activity on major property websites such as Rightmove and Zoopla declines by up to 30 per cent in November, and as the average selling time for a property is 65 days, listing at the beginning of September would mean missing this dip.
2. The research also revealed that 12 per cent of people nationwide would say that the approach of the festive season aids sales as people want to be settled in their new home by the holidays.
3. Picky parents worried about the catchment area for their children would also be swayed by moving in September. Many schools end their admissions in February; so again, securing a property in time for this is a key reason for an early Autumnal move.
4. Although January is another key time for those looking to sell their home, the cold weather in January means that homes that would otherwise be snapped up can suffer due to the lack of light.