It is a little bit of wives tale that selling your property or home in the winter is not a good time. And while there is some real common sense thinking behind that; it is not necessarily true. When speaking with estate agents, it is hard to tell as they have a tendency to say, anytime is a good time to sell as they want business quickly.
So is it a good time to sell in Winter? Well if we go by that a “good time” to sell is based on the the number of days it takes to sell. With less days being a good time to sell and lots of days being a bad time to say, we can have a look at statistics and get an answer.
Common negative factors of selling in the winter:
Its dark later – When it comes down to it, people can see houses after work or towards the end of the day and it’s dark then. Meaning its tough to get a feeling of the outside of the property.
Gardens don’t look great – In the winter a lot of the plants have died, its muddy, and grubby and cold. And once again the house just doesn’t look its best from the outside.
Christmas – leading into Christmas the general focus is on that, not on changing house, meaning if people are thinking of buying, they will have a tendency to do this “in the new year”.
But do the statistics back this up.
According to The advisory statistics, during the months on September to December it takes over 70 days to complete a sale on the house of is under offer. And from March to July it takes around 50-65 days. So not a huge amount of difference. If we are talking days the biggest difference is around three weeks. In the world of house selling is not a huge amount really.
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So by the statistics, selling your house towards Christmas is not the greatest time no. The property will not look its best, but people do understand that. With the best months coming in March, waiting from November to march seems a little superfluous when the only difference is to be around three weeks.
Always make sure you speak to someone you trust, selling a house, and then buying a house is difficult and stressful, so having good, trustworthy advice is invaluable.