It’s back to school season, which means new school shoes, new school bags, new uniforms and above all, new beginnings. After the organised chaos of the summer holidays, September invites fresh perspectives and newfound motivation – which is why it is one of the busiest times of year for buying and selling a home.
With the kids at home 24/7, the school holidays often shine a light on a property’s shortcomings. In some cases, the holidays might even force families to re-evaluate their requirements for a family home. Are the kids outgrowing their bedrooms? Do we need a more private office for working from home? Is it too far away from green spaces? These are common grievances that families may discover during their six week departure from their daily routines.
And then there’s the people who had made the decision to sell their home before the summer holidays even began, yet with family holidays and childcare commitments, decided to wait until the kids go back to school to even begin the process of selling their home. After all, the house is a lot tidier when the kids are not in!
It’s not just families who are involved in the September rush either. Whether we like it or not, the countdown to Christmas has begun – especially in the current property market, where transactions are taking approximately 12 weeks to complete. By this logic, buyers of all demographics, price brackets and ages will be starting to think about whether they want to be in their new home for Christmas. If so, it’s time for them to begin the process – and quickly!
In this light, September is a great time to put your property on the market with many proceedable buyers actively looking for a new home in time for Christmas. However, there is a flip side to this.
Hearing about this sudden influx of buyers, it can be tempting to look for a new home before attempting to sell your current property. Yet with so many proceedable buyers competing for homes of all shapes and sizes, it is imperative that you put yourself in the best position possible to be able to compete in the busy marketplace. This means putting your property on the market before viewing properties to buy to avoid losing your dream home to a buyer in a better position.
Sell now, buy later. That’s the message for this new school year, folks!
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