If you’re currently thinking of selling, one of your biggest questions is likely to be: is it a good time to put my home on the market? It’s something we’re asked almost every day, and the answer is that a property will always sell, regardless of whether it’s a busy, booming market or a little quieter.
The property market moves in cycles, so there will always be periods of price rises, when there’s high demand from buyers, and then slight falls when fewer people are looking. But the reality for most home movers is nowhere near as extreme as reported in the media.
What’s currently happening in the UK property market?
Due to the continuing cost-of-living pressures and higher mortgage rates than we’ve been used to in recent years, there is currently fairly weak demand from buyers, which has resulted in fewer sales, and average annual house price growth slowing to a virtual standstill. However, as always, behind this average is a difference between the regions, with London showing prices down by 1% in the year to July, while Scotland has seen a 1.7% increase, and the North and Midlands of England are still showing positive growth, albeit slight (Zoopla).
And it’s important to remember that each region has its own micro-markets, so even in areas where average prices might be falling slightly, there are likely to be individual properties that are still increasing in value. But whether the market is booming or not, properties will still sell, typically if priced fairly from the time it’s marketed.
Even though the market is a little quieter now than it was during the pandemic days, there are some benefits to selling when things aren’t so rushed.
If you are thinking or need to sell now, here are five benefits of selling in today’s market:-
If you’d like to discuss putting your home on the market, just contact your local branch and one of our experienced agents will explain your personal property market to you and they will be very happy to arrange an up-to-date market appraisal.
Looking for advice?
If you're looking to let or sell your property, we can help. Get in touch with your local branch or book in for a property valuation.