Four compelling reasons to sell your Horsham home before the New Year
Josh Harris created on 21st November 2023
As the year draws to a close, contemplating a move and putting your house on the market becomes a pertinent decision.
While the temptation to delay until the new year may arise, there are compelling reasons to consider making your move before the clock strikes midnight on New Year’s Eve.
Here are four key factors to ponder:
Get One Step Ahead of Other Sellers
In the property market, the tendency for homeowners to list their properties dwindles towards the year’s end, with the hustle and bustle of the Christmas season often taking precedence.
Seizing this opportunity to act decisively positions you one step ahead of potential competition.
Selling now, while others may postpone until 2024, provides a strategic advantage, allowing you to get your property on the market before your neighbours, potentially attracting early and eager buyers.
Get Your House in Front of Eager Buyers
Despite a modest increase in the supply of homes for sale in Horsham compared to the previous year, the market still faces a shortage of available properties.
While some buyers may defer their plans until January, others, driven by personal circumstances or life changes, remain active and motivated.
Listing your home during the winter months positions you in a market where serious buyers are more likely.
A winter listing can attract individuals committed to making a move, potentially resulting in a faster and more efficient sale process.
Use Your Equity To Fuel Your Move
With homeowners currently enjoying record amounts of equity, now is an opportune time to leverage this financial strength for your next move.
Land registry data from September reveals a substantial average house price increase of £92,139 since the start of Covid for Horsham properties, translating to robust equity growth.
Evaluating the equity in your home provides valuable insights into how it can propel your desired move, whether it’s to a new location, a more suitable space for you and your loved ones, or in response to evolving needs over time.
More stability in the market
There is now an increased confidence in the market with the Bank of England base rate holding steady for two consecutive periods, fostering a climate where mortgage rates have consistently declined over the past three months.
This reduction can be attributed to heightened competition among lenders, creating a favourable scenario for borrowers compared to earlier in the year.
Adding to this economic recalibration, inflation has exhibited a downward trend for the fifth consecutive month, now standing at 4.6%.
This marks the lowest inflation rate recorded since October 2021.
This multifaceted adjustment in key economic indicators suggests a stable market is ahead of us now as opposed to the significant drops previously predicted.
Bottom Line
In conclusion, listing your Horsham home before the new year presents a unique set of advantages, including reduced competition, the presence of motivated buyers, the ability to leverage equity gains, and, a more stable financial market.
Please do feel free to contact me to discuss how we can make your winter home sale a success.
Josh opened Harris Wickens in 2023 following a successful 17 years working for a local independent estate agent. His success has been built on a vast local knowledge, coupled with a reputation for honesty, professionalism and a genuine care for his clients.
Having grown up in the Horsham area, Josh has an intimate knowledge of the local market and is experienced at selling a wide range of properties.
He lives in Horsham with his wife Helen, two young daughters and their Irish terrier ‘Teddy’, in a character cottage that they have lovingly restored and extended. He has always had a real affinity with period houses and is a keen sportsman, when time allows, he enjoys running, a round of golf or playing football.
Shortly after joining the industry in 2006, Josh obtained his NAEA Technical Award, and so has a comprehensive knowledge of the property industry which has been further enhanced through extensive training with the world’s top trainers.
