Christmas selling deadline approaches

Christmas selling deadline approaches

A new study released today has revealed that prospective homesellers will need to have their property on the market by Tuesday 17th October in order to sell or move home before Christmas.

Data from estate agent comparison website EstateAgent4Me provides a new insight into the length of time it takes to sell a residential property, with those listed in the autumn proving far slower to shift. Homes listed in October have taken an average of 65 days to sell over the past two years. This means that homeowners who want a sale agreed this side of Christmas should be looking to list their house for sale by this Tuesday, October 17th.
 
On average over the past two years, properties in the UK have stayed on the market for anywhere between 51 and 70 days. The data shows that, despite the uncertainty caused by the EU Referendum, General Election and subsequent triggering of Article 50, the average length of time to sell a property has remained relatively constant. The one factor which did provoke an increase in speed was the introduction of new stamp duty surcharges in Spring 2016, which prompted a flurry of fast deals in the months beforehand.


The new year remains the best time to list your property for a speedy sale, with homes listed in January selling the fastest and the speed of sale slowly increasing in the months thereafter.

Paula Higgins, Chief Executive of HomeOwners Alliance which runs the EstateAgent4Me website, said; “Lots of homesellers set themselves a deadline of the end of the year to sort a sale. So if they want to settle in the festive season feeling relaxed, they need to put their properties on the market this week.

Selling a home involves weighing up a lot of different factors and considerations. Sellers today can access a wealth of different information about their prospective agents, including how quickly they tend to sell a property.”

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Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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