Thursday 5 November 2020

Is November a good month to sell your house? It’s as good a month as any and here’s why!

Dear Reader,

Many homeowners believe that Spring and Autumn are traditional selling seasons. But the idea that houses don't sell in the Winter months comes from slightly outdated trends.

Our 25 years of experience show that on average, homes listed during this time are more likely to sell quicker, and achieve closer to the asking price. November, in particular, has some unique advantages that make it an ideal time to sell and here’s why:

  1. Accessibility to on line advertising means house hunters can now search 24/7, with property alerts pinging through work days, weekends and holidays. Shorter days and wintry weather have no effect on Internet searches!!!
  2.  Buyers are more motivated to move into their homes before Christmas or New year. Lots of buyers either waited through the busy season in hopes of a better deal, or they're facing their own time constraints due to work changes or other reasons. Regardless of the reason, if buyers are looking in November, they are truly motivated, the traditional barriers to winter house-hunting — bad weather, short days, holiday preparations — don't apply to them.
  3. Our experience also proves that a standard property might do better in November/ December than it might do in the Spring & Summer months, when the market is flooded with property, during the off-season there are less properties available. It's true that many sellers don't think it makes sense to try and sell their home toward the end of the year so they hold off until Spring. Serious buyers have less homes to choose from over the winter months, fewer listings means less competition for you!!!
  4. A house marketed in November may appeal to buyers looking for year-end tax breaks. Buyers looking to lower their taxes may snap up a home late in the year so they can deduct home purchase costs. That includes points, interest and property taxes.

Do you still think it’s better to wait until the new year to list your property? We hope we convinced you that spring and summer aren’t always the best time to sell and November can truly be the ideal time to list your property with McPeake Auctioneers.

So, you’re thinking about selling your current home and you’re looking to trade up or downsize to a new home? Call us today on 01 8272300 or email info@mcpeakeauctioneers.com and we will be happy to assist you.

Regards, 

The McPeake Team...

Stay Safe...


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