| Generally, the market tends to be stronger in the Spring and then picks up again in the late Summer and early Autumn. Your property will obviously sell quicker when the market is strong and demand is high. Therefore, keep an eye on the property market and time your sale well. |
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House sales are also affected by interest rates. Few people are willing to take out a £200,000 mortgage when the Bank of England has just voiced intentions of raising interest rates by two percentage points. |
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What is happening in your neighbourhood? If there are already a few “For Sale” signs on your street, it might be better to wait a while. Ask Estate Agents what they are selling and search online property transaction databases for sales in your area. |
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If you are looking to buy a new home as well as selling your own home, it is recommend that you put your house up for sale before you start looking for new properties. Some buyers even wait until they have had an offer made on their property before they start looking. You will then be able to time the process much better because you will have an idea how quickly you can sell and you can estimate the price your new home can be. |
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