Want to know the best month to sell your home?

As winter transitions into spring, there is often a surge in home-moving plans. According to research spanning the past five years, March emerges as the prime month for selling a home. The reasons behind this trend are multifaceted, with key factors influencing the decision.

One of the main aspects is the increased buyer activity during the spring season. As the weather improves and daylight extends, more people embark on their quest for a new home. Additionally, the number of buyers actively inquiring about homes on platforms like Rightmove peaks in March, creating a heightened level of competition among potential homebuyers.

An essential contributor to March's status as an optimal selling month is the abundance of property listings. Sellers benefit from a larger pool of potential buyers as the number of properties for sale reaches its highest point. This surge in listings aligns with the preferences of many homebuyers who are eager to make a move before the onset of summer.

The desire to secure a new home with appealing features such as gardens or outdoor spaces further fuels the demand during this period. For sellers, the increased likelihood of encountering potential buyers enhances the chances of a successful and timely home sale.

Considering these dynamics, sellers are advised to consider bringing their homes to the market in March, capitalizing on the heightened demand and competition among buyers. This strategic timing increases the chances of a swift and successful sale.

For those looking to buy, advance preparations are key. Researching recent sold prices in the desired areas, setting up property alerts, and obtaining a Mortgage in Principle are recommended steps to ensure readiness when the right property becomes available.

Sellers, who are also buyers, are encouraged to have their homes on the market or sold subject to contract before initiating a property search. This can enhance their appeal to potential sellers, who often prefer dealing with buyers who have their own property sale agreed upon.

In conclusion, selling a home in March offers a favourable environment characterized by heightened demand, an increased array of property choices, and optimal conditions for a successful sale. Both buyers and sellers can benefit from strategic preparations and an understanding of market dynamics during this opportune period.

If you’d like to speak to us about getting your house ready and on the market for the spring, please give us a call.

Sourced from Rightmove