Posts with tag: selling homes

September 2nd is best day to list home

Published On: September 2, 2015 at 12:55 pm

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Today is the best day of the year on which to sell your home, according to a leading online estate agent.

‘Listing your property for sale on the 2nd September is certainly going to aid the sale of your home,’ said Russell Quirk, founder and CEO of eMoov.co.uk. ‘September is the second busiest month for buyer activity on Rightmove or Zoopla.’[1]

Why 2nd September?

eMoov.co.uk has produced five reasons why they believe the 2nd September to be the prime day for listing new properties on the market:

  • Prices begin to tumble from November 

According to Google search trends, traffic on leading property websites such as Rightmove and Zoopla can fall by up to 30%, starting in November. Listing a property in September can therefore provide a two-month window in which to sell.

  • Christmas is coming

Now being in September, silly season will soon be upon as. However, it is not all Cliff Richard and sprouts. eMoov found that 12% of the nation thinks that Christmas improves the chances of a sale. People not only panic buy gifts, but potential homeowners also want to be moved into a new property by Christmas. As a result, more active buyers quicken the process.

  • Parents look to move to catchment areas

A key factor in many people moving home is to ensure that their children hit school admission deadlines. Many are due in February and buying a house in a preferred area improves the chances of children entering the chosen school.

September 2nd is best day to list home

September 2nd is best day to list home

  • Weather

eMoov suggests that 43% of people believe the summer is the best time to sell a property. 17% agree that it is more difficult to sell during the Winter months. September then should give good enough weather for photographs and assessments of a property before it heads onto the market.

  • Selling in September? Receive a higher price

Mr Quirk said that, ‘selling in September could also result in a higher price achieved. Our latest Property Hotspots Index shows that demand for property across the nation has risen by 9% since the start of the year.’[1]

It’s when demand starts to outstrip supply that we see house prices start to climb,’ Quirk added.[1]

[1] http://www.independent.co.uk/news/business/why-today–september-2–is-the-best-day-to-sell-your-home-10482326.html

 

 

Sales to first time buyers increase

Published On: June 4, 2015 at 4:50 pm

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Categories: Landlord News

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Encouragingly, a new report has suggested that the number of house sales to first time buyers grew in the UK during April.

Sales to first time purchasers rose to 26% from 22% in March, according to the April National Association of Estate Agents Housing Market Report. However, a further survey conducted by the same group indicates that there could be troubled times ahead for prospective property owners.

Pushed out

Looking to the future, 93% of registered NAEA agents said that they do not anticipate first time buyers making a substantial impact in the market during the next five years. Additionally, 55% of agents stated that they believe house prices will increase in the same period, pushing first time buyers further away from the market.[1]

Somewhat surprisingly, the report found that in the build up the General Election, demand remained very similar to that recorded in March. 344 potential property owners were registered on average per branch during April, in comparison to 343 in the previous month. Supply however dropped last month, with election uncertainty contributing to 43 houses being available per branch, as opposed to 48 in March.[1]

74% of NAEA said that they could not see supply and demand evening out during the next five years, again meaning that more would-be buyers are priced out of owning their own home.[1]

Sales to first time buyers increase

Sales to first time buyers increase

Tough

Managing Director of the NAEA, Mark Hayward, commented that, ‘the market is notoriously tough for first time buyers. House price continue to increase and lenders have tight and restrictive lending criteria.’[1]

Acknowledging that, ‘this month’s figures are positive and a step in the right direction,’ Hayward believes that,’ with the help of 200,000 new starter homes and the Help to Buy ISA, first time buyers will be given even more help to get their foot on the ladder.’ Continuing, he appreciated that, ‘these things may take time to come to fruition.’[1]

 

[1] http://www.propertywire.com/news/europe/uk-first-time-buyers-2015060410590.html