This is of course a very difficult question to answer and has many variables involved, some clients do not have the luxury of being able to buy without selling or may just be forced into selling due to outside forces i.e. Job relocation or sick relatives. Putting these issues aside there are probably some simple tips to follow.
My advice would be to listen to the agents that you have had value your home, they should give you a good cross section of advice when it comes to marketing ideas and how the market in your area is performing. No two locations are the same, some could be seasonal, for example holiday homes by the sea or just affected by local industry employing at certain times of the year. Follow their advice and you should get the best price you can and in the timescale that suits you.
Traditionally spring is the best time of year to sell your home and we can generally predict market trends because they are consistent, however the one thing that the past year or so has taught us is that nothing is predictable, there are always buyers around and for the same reason that you want to move urgently they will want buy urgently. Job relocation, expanding family , they all pay a massive part in people desire to move.
The reality is that there is currently very high demand in all price ranges for property and low levels of supply so it’s just a simple matter of supply and demand which currently equates to higher than expected prices. This means that the old advice of don’t sell in December or August just goes out of the window as there is currently very little competing sellers.
According to Rightmove there has been the largest monthly decrease since January in house prices by a 0.6%, which works out about £2,044. Every year we see a period from now until the 26th of December where vendors seek a valuation and get their property ready to market but hold off until after Christmas. Rightmove has already seen an increase in valuations being booked by 14% compared to the same time last year in October. Currently the market is still lacking available properties for those potential buyers, so this period which would normally be quieter may help purchasers while some may hold fire until after Christmas. Buyers may also find with a slight decrease in prices, this may help their affordability which may have been pushed to their limits over the past year. Last year Rightmove saw an increase on Boxing Day of 54% in website visits and with this year, buyer demand is already up by 30%, this number could be even higher.
There are various reports online showing market trends but one of the better ones is https://www.propertymark.co.uk/news-reports/housing-report.html, it is fairly clear and concise information.
In summary sell when it suits your circumstance the best and when you will get the best price and in the time scale that suits your needs. If you are thinking of selling your Kent home, why not speak to Peter today on 03309 125185 to get an idea of what is happening currently in the market and how we might be able to help you.