If you’re struggling with selling your home quickly in London this January, you’re not alone. Following the biggest holiday of the year, it’s normal for the property market to be relatively slow. In fact, this post-festive phenomenon affects not just the property market, but almost every industry.
Fortunately, there are a handful of steps that you can take which will help you sell your London property fast and unlock its cash value, even during the low season. And that’s precisely what we will discuss in this article, so if you want to sell your house fast, be sure to read until the end. But first, let’s first take a look at:
- Why demand for properties in London slow down after the festive period
- What the best months are for selling a property in London
- Which types of properties were the most popular amongst buyers last year
Why Houses in London Don’t Sell Fast in January
There’s no doubt that interest rates and several other economic factors can affect how quickly or slowly a property sells in London. However, those factors are present regardless of the time of year.
One legitimate reason why houses in London don’t sell as fast as they usually do during the month of January is because most potential buyers are fatigued. They’ve already spent a lot of money during November and December, and they need some time to recover before making a significant financial decision, such as buying a new home.
The Best Months to Sell Your House in London
Having a general idea of when it’s best to list your property for sale will give it the best chance to sell fast. The last thing you want to do is list your property for sale during the low season. Not only will you have a more challenging time selling it, but the longer your property stays on the market, the more impact it’ll have on the offers you receive.
If your property stays on the market for longer than average, potential buyers will take notice and may see it as a prime opportunity to negotiate down the price, which is something other than what you want.
According to data, the best time to sell your house in London is during March. The average home in London that goes up for sale in March sells in 57 days, 22 days faster than the worst month to sell your property – November.
Most Popular Property Types in London Last Year
The truth is that if a quality property goes up for sale at a reasonable price, it will get sold, regardless of whether it’s a flat or a detached house. That’s not to say that there isn’t a particular type of property that is more popular among buyers.
According to recent data, the most popular property type in London last year was semi-detached houses. Semi-detached properties were closely followed by terraced houses, which were followed by detached houses and flats, respectively.
Best Tips for Selling a House Fast in London
If you need help with selling your house fast in London, here are a few steps to speed up your property’s sale.
Enhance the Property’s Curb Appeal
First impressions last. That’s why every seller must ensure that their property is an instant eye-catcher on the outside. Some of the things you can do to improve the curb appeal of your property are to tidy up the garden and clean the entrance. If you want to take things further, a fresh coat of paint wouldn’t hurt.
Carry Out Minor Upgrades or Repairs
Once the outside of your property is taken care of, it’s time to focus on the inside. We recommend that you conduct a thorough inspection of the inside of your property and carry out all of the minor repairs and upgrades. Usually, these will only cost you a little but will significantly impact the buyer’s opinion on whether or not your property is worth the money it’s listed for.
Take Professional Photos
We highly recommend that you take professional photos of your property to generate more interest. Though it may cost you a little bit extra, the higher-quality images you choose to promote your property with are guaranteed to grab the attention of potential buyers and entice them to book a viewing.
When the images of your property are taken professionally, you can trust the expert you hire that the photos they’ve captured will display your property and all of its features in their best light.
Look at Alternative Ways to Sell Your Home
For centuries, property owners looking to sell would rely on traditional real estate agents to help them do that. The downside of taking this route is that months might need to go by before you get the cash value of your property.
Quick sale companies like We Buy Any Home now exist, allowing sellers to sell their property quickly and easily without any hassle. Since we typically have the funds readily available, we can complete the sale of your property (regardless of its location or condition) and send you the funds within 7 days. If you’d like us to give you a quote for your property, get in touch with us today.
Thousands of property owners looking to sell in London during January struggle to generate interest. Fortunately, there are quite a few things that you can do to make your property stand out from the crowd, which we’ve covered in this article.
And remember, you can go with a different route than the traditional route when selling a property. At We Buy Any Home, we can help sell your London house faster than any conventional real estate agent in the area. If you’d like to learn more about our service, please get in touch with us today.