It’s the hottest day of the year… but if you want to move before Christmas its time to get your skates on!
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“SELL NOW AND BE IN YOUR NEW HOME BY CHRISTMAS” you might think we are crazy – its the hottest day of the year, we are in the middle of a heatwave and we are talking about Christmas!
We know that the thought of Christmas seems a long way ahead in the height of summer but in estate agency it isn’t! The current market is very buoyant, and we have seen a large increase in property prices this year, so at Bridges we would advise if you would like to be settled in your new home by Christmas, you should look to launch your property to the market NOW!
Due to the effect of the Covid epidemic and the lockdowns we have all had to deal with in the last two years, transactions are taking longer to go through to exchange after you have accepted an offer on your home. Many solicitors are still working from home or have taken on too much work recently and this has played a large part in the delay. Thankfully, Bridges have an excellent relationship with Simply Conveyancing, which allows us to shorten the time a transaction takes to go through.
If you launch your home to the market now, you can benefit from the fantastic market conditions. Your property will present better in the summer months and what we are seeing at Bridges, through our marketing strategy, is that open houses are bringing in multiple viewings, leading to multiple offers and often offers over the asking price. Buyers are more motivated to view when the sun is shining, and the property looks at its best. When it’s dark at 4pm and raining or snowing, will we see as many buyers wanting to view?
Interest rates have increased this year and are likely to increase further, but rates are still low, so by selling and buying now, you can take advantage of the still low rates before they are likely to increase later in the year. There is still a lot of uncertainty in the country at the moment, so why not take advantage of the excellent prices we are achieving for properties right now. There are also more available properties in the summer months, meaning you will have a greater chance of finding your next dream home at this time.
By marketing in August, the transaction is more likely to complete comfortably before Christmas, allowing you to get settled in your new home, in ample time, to enjoy the festivities over the Christmas and New Year period.