And here we are, the most wonderful time of the year. Everyone is busy getting ready for Santa’s visit, with turkeys to stuff and all that mistletoe and wine to enjoy. It does seem a rather strange time of year to be considering a move.
Or is it?
According to Rightmove’s House Price Index, people browsing properties on Boxing Day was “54% higher than the previous year”. Perhaps if people are already considering a move, the free time many of them have between Christmas and New Year, is ideal for browsing.
Here is our Christmas guide to buying and selling your home during the festive season.
Winter might make your home look a little more magical
Our relationship with snow has always been a funny one. As kids, we would love nothing more than flying down hills on sledges and building snowmen. As adults, when we know that it has been snowing, we save our opinions until after the watershed.
Yet around Christmas time, we love to see snow on our Christmas cards, on our decorations, and importantly, on our advertising.
Make sure that your photographs are taken during the day, capturing as much of winter as possible. It will make your home look magical.
If you have some tasteful decorations on the outside of your home too; well that wouldn’t be a bad thing either.
Don’t go overboard with the decorations though
Yes, everyone is in a jolly mood through December, and yes everyone wants to see their halls decked with boughs of holly; but you need to show a little restraint. There is a line between tasteful and subtle décor, and a gaudy explosion of tinselitis.
You want your customers to see that your house will make a good home. What you don’t want, is your shrine to Santa taking away from everything that is good about your home in the other eleven months of the year.
Be prepared for a quick sale
There is no guarantee at any time of year of a quick sale. However, if it is likely to happen, the Christmas period could very well be the time for it.
This not to suggest there could be some sappy Miracle on 34th Street nonsense at work. Serious buyers are built in Santa’s workshop. It is simply because there is less inventory, and less buyers at this time of year.
You see, fewer buyers mean less competition. Less competition equates to a higher chance of a sale. The buyers that are around at Christmas are usually very serious.
So, should you sell your home over the Christmas period?
There are many advantages to selling over the festive period; and there are a few disadvantages.
- You can get a really good price if the strategy is right.
- Sellers might wish to wrap up a deal before the end of the year.
- Festive neighbourhoods are inviting.
- Buyers may be slightly suspicious, wondering why you are so keen to get rid of your property.
- Buyers end up withdrawing with “buyers’ fatigue” meaning there are a fewer people looking to purchase.
- Solicitors usually closing their offices from mid-December and the property-settlement process can become stressful.
Your estate agent will be able to advise you whether Christmas is the right time to sell for you. We are always available for a chat if you are looking for advice on selling your home.
After a nightmare tenant with a previous agent, Sue, Carol & Jo found me a suitable tenant quickly and turned being a landlord from a Nightmare into a dream.