How to sell your home before Christmas
October 14, 2019
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October 14, 2019
If you want to sell your home before Christmas, there is still time – just.
Prospective home-sellers will need to have their property on the market by Monday 21st October in order to sell their home before Christmas, according to a new study.
Data from estate agent comparison website estateagent4me offers insight into the time it takes to sell residential properties, with those listed in the late autumn generally proving slower to shift. Over the past four years, homes listed in October have taken an average of 61 days to sell. This means that homeowners who want a sale agreed this side of Christmas should be looking to list their house for sale by Monday 21st October at the latest.
On average since 2015, properties in the UK have stayed on the market for 51 to 70 days. Despite the uncertainty caused by Brexit negotiations, the data shows the average length of time to sell a property has remained relatively constant over the past 4 years. Overall the speed of the sale was slower in 2018 than in 2017 but was similar to 2016 and 2015 levels.
The New Year remains the best time to list your property for a speedy sale, with homes listed in January selling the fastest.
Commenting on the data, Paula Higgins, Chief Executive of HomeOwners Alliance, which runs the estateagent4me website, said: “If you’ve been waiting for certainty over Brexit before putting your home on the market to sell this year – unfortunately, time has run out. Deadline day for advertising your home if you want to sell before Christmas is 21 October. So it’s time to get a move on.
“The first step is to find the best performing estate agent in your area – and a good starting point is estateagent4me, which ranks local agents by how rapidly they sell and how often they secure the asking price.”
The HomeOwners Alliance, a property advice website, has 6 tips for selling before Christmas
For more advice on getting a quick sale, visit hoa.org.uk
The average number of days properties listed in a particular month take to sell
|Average time to sell by month||4 year average||2015 average time to sell
|2016 average time to sell
|2017 average time to sell
|2018 average time to sell
Average time to sell is defined as the average time to reach a sale subject to contract.
The average time to sell in each month is determined by calculating an overall average of all of the agents’ average time to sell amongst those agents appearing in estateagent4me search results for a particular month (approximately 25,000 searches per month). The average time to sell measure for each agent is calculated using the time to reach sold subject to contract for all properties advertised by this agent on websites during the previous 180 days.
The complex statistical estateagent4me engine is fed daily with property data from thousands of estate agents to provide accurate comparison data. The engine looks at key stats about the agents, including:
This data is then backed up with publicly available data from the Land Registry.
For more information, see how the estateagent4me comparison tool works
About the HomeOwners Alliance
The HomeOwners Alliance champions the interests of Britain’s homeowners and aspiring homeowners. We are a property advice website providing helpful advice and services for all the key moments of buying, selling and owning your home.
Advice for Home Sellers
People who are thinking about selling their home can read our step-by-step guide to selling their home on the HomeOwners Alliance website: http://hoa.org.uk/advice/guides-forhomeowners/i-am-selling/step-by-step-guide-to-selling-your-home/
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