With the leaves beginning to change, the nights drawing in and temperatures falling, autumn is well and truly upon us – which could be good news for those planning to sell their home.
While spring is typically known as the best season for listing properties, there are actually a number of benefits for bringing a property to market in autumn as well. With children back in school and regular routines resumed after the summer months, many prospective buyers now have the time to get serious about their plans, which is just one of the reasons why now is the perfect time to consider selling.
Here, we look at a few of the top reasons why now is a great time to take the plunge and make the most of listing in the last few months of the year.
Buyers are more serious
Many people who have spent the summer looking for a property with no luck are now aware that time is running out before the end of the year. The festive period and indeed winter months in general often see the housing market grind to a halt, as moving during this busy time of year and in the cold, wet weather doesn’t hold much appeal. Buyers are therefore aware that there is a time limit to work against, and are more likely to be actively interested in properties they choose to view.
There’s less competition
As we mentioned, the spring is often the housing market’s busiest period, which is great if you want to buy – but not so much if you’re trying to sell. With so much choice, buyers have the upper hand and can take their time, and as the weather is nicer, many people tend to pop into open houses to test the waters and see what’s out there rather than with serious intentions buying. With fewer homes to choose from in the autumn, the balance shifts and it becomes a seller’s market. This also means you have better chances of receiving the full listing price, as you won’t have to lower the property price in order to stay competitive.
The weather is better for moving
Britain sweltered in the joint hottest summer on record this year, which no doubt turned many moves across the country into hot, sweaty and exhausting affairs! Moving at the height of summer can be quite the challenge, not to mention how much harder it is to enlist the help of friends and family during the summer holidays, as more people are away, or busy enjoying barbeques. The cooler and quieter autumn months can suddenly seem a much more appealing time to move.
Buyers spend more time indoors in the autumn
How is this beneficial to sellers? As buyers head indoors and get ready to hibernate during the colder months, they may take stock and realise they need some more space. It’s easy to forget about cramped living space in the summer when everyone is out and about enjoying the weather, but lack of space can be emphasised when everyone is back at home and indoors. Buyers may take the opportunity to upsize in time for the holidays, which could be especially beneficial for sellers looking to close quickly.
Parents have more time for viewing
Busy summer holidays can make it difficult for parents to get away for house viewings, while others don’t fancy the stress and hassle of bringing children along for the trip. As such, when the schools resume in September, parents may finally find they have some free time to actually dedicate to their house hunt.
Colours and kerb appeal
There is something truly special about autumn, with beautiful coloured leaves appearing in gardens and fields. This can really add some kerb appeal to your property, making it look warm, cosy, and inviting. You can add a little decor such as an autumn wreath, some candles or lanterns in the hall, or some carved pumpkins to really give your home some added personality and make it stick out in the buyers minds.
Embrace the hygge
The Danish concept of hygge (pronounced “hoo-ga”) swept the UK in recent years, with many people adopting elements of this lifestyle that celebrates all things cosy and content. If you embrace some hygge yourself, this can make your property seem all the more inviting when people come to view it. Think chunky knit blankets, candles (pumpkin spice or cinnamon scented are great for autumn), roaring fires, fairy lights, hot chocolate and freshly baked pastries.
Have you had any experience of selling your home in the autumn? Let us know how you got on in the comments! Alternatively, if you’re thinking about selling and need help with your listing, get in touch with us today.