Is October a Good Time to Sell my House in Chingford?

Many people believe that spring is the best time to sell a house, with buyers wanting to be moved in ready for summer, viewings able to take place later in the day thanks to the lighter evenings, and spring traditionally being a time for new beginnings.

However, there are plenty of reasons why October is actually a better time to sell, with leading property website Rightmove even confirming an increase in traffic numbers to their website in their most recent figures.

If you’re thinking of selling your property in Chingford, here are a few reasons why October is a great time to sell:

• Motivated Buyers

Buyers who start looking for a home in September and October are generally planning to be moved in by Christmas, particularly if they’re looking to host family and friends in their new home.

As a result, they see December as a self-imposed deadline, which can encourage them to make an offer quickly and also do their best to speed up the buying process.

• The School Holidays Are Over

Summer is usually seen as the worst time to sell, especially if your home is ideal for a family. With the kids off school, and many families going away on holiday, most parents don’t have the time or energy to be looking at properties during July and August.

However, once October comes around again, it can be much easier for buyers to fit the time in for viewings. It’s also better for sellers too, as it’s easier to keep the house clean and have viewings during the day with the kids back at school.

• School Admission Deadlines

As parents will know, school admission deadlines fall in late January, or early February. Therefore, families looking to move into the catchment area for a particular school will need to be moved in by this point, making October an ideal month to start looking for a new home.

• You Can Highlight Your Home’s Features

With the Winter months approaching, gardens become less of a focus for buyers, as they’re more interested in a cosy home where they can stay warm.

This gives sellers a great chance to highlight the interior features that make their home ideal for the colder months, such as a fireplace or a wood-burning stove.

And having it lit for the estate agent’s photos can really make a difference to buyers.

• You Can Show Off The Views

If your home has great views that are obscured by fully blossomed trees in the spring and summer months then October can be a great time to highlight its full views to buyers.

With autumn fast approaching and the leaves starting to fall, it may be the ideal time for buyers to see the views at their best, and it can even allow more light into the house and garden.

• You’re More Likely To Get The Full Asking Price

Research shows that October is a strong month for buyers, with property searches very high, compared to November and December for example.

This means more potential buyers for your property, which in turn means more competition among buyers. When you consider the fact that there are more motivated buyers too, it can create a perfect storm for sellers.

It’s also worth noting that if you list your house during a quieter month it might stay on sale for longer. This may lead to buyers questioning why, and perhaps going in with a lower offer than they’d otherwise be making.

Are There Other Good Months To Sell?

March is still considered by many people to be the best time to sell. Houses that come on to the market during that month tend to sell quickest on average, and there are several reasons why it’s considered to be a good month.

  • The weather’s getting milder, which encourages buyers to go and view houses
  • Gardens are coming into bloom
  • The evenings are starting to get lighter, so buyers can see a house in its best light
  • There’s usually plenty of buyers in the market for a new home
  • Kids are still in school, so busy parents have more time to view properties

However, it’s worth remembering that different times of the year can appeal to different buyers. For example, October is still seen as a good month for buyers with children, due to the school admissions deadline and wanting the family to be in their new home for Christmas.

On the flip side, first-time buyers and young couples may wait until the new year to start looking, with the aim of being in their new home in time for the summer, when they can host friends and family into the evening, with no kids to think about!

Thinking of selling in October?

Coultons are your local property experts for the Chingford area. Call us on 020 8090 0860 or email hello@coultons.co.uk to book a free valuation.

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