March 2022: The Best Month To Sell Your Property?
10 Mar
Mortgage News
New emerging figures revealed from Rightmove, following an analysis of five years’ worth of their data, indicate that the best month to put your property on the market is… the month of March!
Not only does March mark the start of British Summer Time, but it’s also a great time for homeowners to have a fresh start too: Rightmove indicates here that March has been the most popular time for buying inquiries to come through the door over the last few years (excluding the market closure in 2020).
Should I Sell This Spring 2022?
Need guidance as to whether you should put your house on the market this Spring 2022? We have all the answers to your frequently asked questions here:
- Why Is March So Popular For Selling Properties in the UK?
- Will The High Demand Make It Difficult To Sell My Property?
- What Are The Key Selling Points For My Property?
Why Is March So Popular For Selling Properties in the UK?
With many looking to start fresh in new locations and to ensure they are in their new homes in time for the summer, a considerable number of homeowners opt to start the selling process around March time.
Data from Rightmove shows that new listings tend to peak in March, followed closely by the months of April and then May. In addition to this, Rightmove also adds that estate agents are seeing a rise of 27% in the requests from future sellers to value their homes when compared with the previous January.
Will The High Demand Make It Difficult To Sell My Property?
On the contrary! Historical data shows that when the property market is more saturated with new listings, the high level of demand tends to create more competition amongst potential buyers for your home. This means you’re more likely to have multiple buyers viewing and showing interest in your property around this time.
What Are The Key Selling Points For My Property?
When it comes to putting your house on the market in the Spring months, those with gardens are well-placed for interest from buyers. Figures show that over the last two years, searches for properties with gardens are up by 70%.
Putting Your House On The Market? Timing Is Everything!
The major incentive for putting your house on the market this Spring 2022 is not only to benefit from the surge of interest from buyers around this time, but it also makes for a great time to act fast in light of the recent interest rate rises. There is still a potential risk for further rises later this year by the Bank Of England, so if you’ve been thinking about selling your property for a while, it makes sense to avoid paying more interest later down the line and take the leap now!
Whether you’re seeking a first-time buyer mortgage for your very first home, or you’re a letting professional exploring buy-to-let mortgage options, we’re here to provide guidance and expertise on your most suitable mortgage product. Get in touch with us today at CG The Mortgage Experts for more information.
We have appointments available (often same-day) at times to suit you, including weekends. These are based in one of our Kettering, Corby, or Rothwell offices in Northamptonshire, or simply over the telephone. We look forward to hearing from you!
