At the start of the new year, we are encouraged to make changes to improve our lives, whether that’s getting a gym membership, quitting bad habits or finally taking the plunge and buying your new home.
You might think that the beginning of the year isn’t such a great time to sell your house, but you’d be mistaken. There are a wealth of reasons why the early months of the year are the ideal time to sell.
Firstly, according to figures from the National Association of Estate Agents (NAEA), January actually sees a 10% increase in buyers. This is particularly positive if you’re selling a smaller house or flat, as first time buyers are more active in January and February. For example, young couples are often encouraged to start hunting in the new year after spending Christmas at home and deciding that they want their own space, whereas, the time between Christmas and the February school holidays is also a great time to sell larger, family homes, as these buyers don’t tend to search for properties during school holidays.
Generally, there are also less houses on the market at the start of the year. People selling before the new year often take their properties off the market in the run up to Christmas due to the stress of the festive season, which is fantastic news for you! Because of this, there’s usually higher demand than supply come January, meaning you might be able to get a more valuable list price for your home. The market at the start of the new year is definitely a seller’s one!
Therefore, January buyers are serious buyers. These are people intent on purchasing their new home, such as brand-new buyers and those who stopped looking over Christmas and are getting back into their property search now. People who are willing to make home visits in cold, dark January days tend to be people who are keen to find their home and are in a position to buy soon.
Corporate relocations also tend to happen more at the start of the year, meaning that there is often a pool of buyers looking to move in quickly in January and February. People who have received end of year bonuses may also be looking to get on the property ladder, or upgrade to a larger home.
Tips For Selling Your House in the New Year
If you are selling in the new year, make sure that all your Christmas decorations are packed away, but feel free to keep the fire roaring and candles burning. Creating a bright and cosy atmosphere for your home when it’s cold and dark outside is a huge draw. It makes sure your home has positive associations in the minds of buyers, and lets them know that your home is winter-ready. Also, while landscaping may be far from your mind in the middle of January, making sure your garden is neat and free of leaves and other debris can also make a great impression on potential buyers. Exterior lighting can also brighten it up and make it stand out.
When promoting your property online and/or through your estate agents, you should ensure you incorporate high-quality photos that really show off the selling points of your house, especially the kitchen, bathroom and garden. These are the areas that will appeal to potential buyers and even if the weather discourages some people from going out to viewings, having a great profile on property sites like Zoopla and Rightmove will certainly make your house stand out, and might just coax them out to see your home.
The new year can be a fantastic time to sell your house. If you’re interested and want to find out more, or would like advice on selling your home at the start of the year, give us a call at one of our offices:
Radcliffe: 0161 723 1155
Burnley: 01282 427 445
Greenmount: 01204 882233
Ramsbottom: 01706 48 9966