Property

When is the most popular day for completions?

Warren Lewis
|
15th March 2019
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New data released by OkayLah has found that while the highest number of property transactions complete during the month of August, the best day to complete on your sale is actually the 29th June.

According to records from Land Registry, 18,758 sales completed on this day last year – the highest across the whole of 2018.

Independent advice experts, the Advisory, found that the time frame from your first day of marketing until completion of your sale is as little as 15 weeks. This Saturday, the 16th March, is exactly 15 weeks until 29th June, and for those that decide to make the jump from the fence of political uncertainty, it could mean finding a buyer despite the current Brexit blues.

If you are already on the market and have been since mid-December, the good news is that 29th March is the second most likely day to sell and provides the best chance for you to do so.

For those not quite ready to list, the 28th September, 30th November and 31st August also saw some of the highest numbers of property sale completions over the last year meaning you can list either in June (15th), August (17th) or May (18th) to take advantage of this property completion spike. So if you’re still unsure, haven’t spruced up the house for a sale, or just want to see how Brexit plays out, there are still a few good opportunities to sell before the year is out.

Paul Telford, founder and CEO of OkayLah.co.uk, commented: “Despite a wider market slowdown, house prices remain robust and transaction levels are steady and so for those willing to tackle a sale, there are plenty of buyers out there still looking for that perfect property.

Whether you choose to sell through a traditional agent, an online agent, or save on costs and give it a go yourself, it’s important to understand the market and be realistic about your property, its price and how long it might take you to sell.

As this research demonstrates, by commencing your property sale at the right time you can take advantage of the seasonal influences that impact the market and by doing so, you can increase your chance of selling and the time it takes to get that sale over the line.”

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