Although it is often thought that buyers and sellers start winding down for the festive period, experts say that sellers may be missing the ‘golden opportunity’ to sell their property quickly.
Meanwhile, buyers may also be missing an opportunity to make ‘significant savings’ over the Christmas period.
Experts say this is because people looking to buy and sell during this time of the year are ‘serious’ and do not want to waste time.
Buyers may save money if a seller wants their property off the market by Christmas – and may be open to accepting a lower offer. Meanwhile, buyers are more likely to put in serious offers, be more motivated and may be less likely to withdraw at this time of year.
CEO of Beresfords Group, Paul Beresford, said:
“November and December offer unique advantages for homebuyers that shouldn’t be overlooked.
“With less competition, motivated sellers, and the chance to plan your move ahead of the January rush, this could be the perfect time to make your property move. By considering these factors, homebuyers can maximise their opportunities and find themselves settled into their new homes just as the new year unfolds.”
The property experts said:
“While spring and summer are peak periods for the property market, November and December see a dip in active buyers. With fewer people searching, your chances of finding the perfect property and having your offer accepted increase significantly.”
Better deals on new builds
Buyers looking to purchase a new build may also find more discounts and deals on properties around this time of the year.
This is because development companies may be looking to hit end-of-year targets or sell remaining homes before the years’ end. Buyers’ nay see offers such as deposit contributions, upgraded fixtures or even contributions toward stamp duty and legal fees.
Less competition for buyers
While spring and summer are peak periods for the property market, November and December see a dip in active buyers. With less people searching, your chances of finding the perfect property and having your offer accepted increase significantly.
If you are in the process of buying or selling a property, contact Oakwood Property Solicitors today to find out how we can help you.
We are experts in the selling and conveyancing of new builds, leasehold, freehold properties and more.
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Further reading
Sales – Oakwood Property Solicitors
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