Best time to sell property
More often that not we are forced to sell property based on some personal circumstances such as a change of job, more room for a baby or because of a separation, but if you are just looking to move up the property ladder and you can control the time of year to sell then you should be able to make more money from the sale of your home.
Another important consideration is to check of there are any redemption penalties with your mortgage lender.
Best seasons to sell property
Certain months are typically more favourable to sell property than others.
With Christmas and New Year out of the way, January marks a dramatic increase in activity on property websites.
Spring and early summer (March, April, May, June and July) tend to be the busiest time in the property market and therefore usually the best time to sell property.
Late July and August can prove a little slower, maybe because people have less time due to holidays or the children being home from school.
Arrange your remortgage online through NationwideOther times to sell property
Different areas experience fluctuations in price throughout the year, so keep an eye on your local property market by subscribing to local estate agents mailing lists and checking property websites, magazines and newspapers. For maximum return your aim should be to sell when there are more buyers then sellers, therefore pushing prices higher.
Best time to move home
It is advisable to only start seriously looking for a new property when you have a buyer for your current home. That way you know for sure how much you can afford and also less likely to lose a new property you like. Therefore, place your property for sale as soon as possible.