Hurfords news October 1, 2024
     

What to Expect from the Autumn Property Market if you’re looking to Sell!

As the leaves begin to change and the weather cools down, the property market experiences its own seasonal shift. Autumn 2024 brings a unique set of market conditions that sellers should be aware of. Whether you're considering putting your home on the market or are already in the process of selling, understanding the trends and dynamics of this season can help you make the most of your sale. Here's what to expect from the Autumn property market this year…

Continued Demand: While the spring and Summer often see a surge in buyers, the demand doesn’t disappear in Autumn. Many buyers are still actively searching, especially those who missed out during the competitive Summer months. This steady demand can keep prices stable and reduce the risk of long periods on the market.

Price Stability: Unlike the rapid price fluctuations seen in the peak seasons, Autumn typically brings more stability to home prices. This can be beneficial for sellers, as it reduces the likelihood of having to adjust listing prices significantly to attract buyers.

Limited Inventory: Inventory often decreases in Autumn as fewer new listings come on the market. This can be advantageous for sellers, as reduced competition means your property could stand out more to prospective buyers. With fewer options available, buyers may be more willing to meet your asking price.

Seasonal Appeal: Autumn’s natural beauty can enhance your property’s curb appeal. The vibrant colours and cooler weather create an inviting atmosphere that can make homes feel cozier and more appealing. Sellers can leverage this seasonal charm by staging their homes with autumnal decor and ensuring that outdoor spaces are well-maintained and inviting.

Quicker Transactions: With motivated buyers eager to close deals before the holiday season or year-end, transactions often move faster in Autumn. This can be especially beneficial if you’re looking to sell quickly or have already purchased another property.

Holiday Preparation: Many buyers want to be settled into their new homes before the holidays, which can lead to quicker decision-making and potentially higher offers. If you market your home as a cozy, move-in-ready space, you can appeal to buyers looking to make a swift transition.

Stage for the Season: Embrace the season by staging your home with autumnal touches—think cozy throws, warm lighting, and seasonal decor. Highlighting your home’s best features, like a fireplace or a beautiful view, can also attract buyers looking for a cozy retreat as the weather cools down.

Maintain Curb Appeal: Keep your garden clean and well-maintained to showcase your property’s exterior. Rake leaves, plant seasonal flowers, and ensure pathways are clear to make a strong first impression.

Serious Buyers: As mentioned, Autumn buyers are often more serious and motivated. This means you’re less likely to deal with casual browsers or indecisive prospects. Serious buyers should lead to more efficient sales processes and fewer delays.

Price Competitively: While the market may favour sellers, it’s important to price your home competitively to attract the right buyers quickly. Work with us to determine the best price based on local market trends.

Autumn 2024 presents a promising opportunity for sellers to capitalize on a balanced market with stable prices, motivated buyers, and limited inventory. By understanding the current trends and leveraging the unique advantages of the season, you can maximize your home’s appeal and secure a successful sale before the year ends. Whether you’re looking for a quick transaction or hoping to get the best possible price, Autumn offers a golden window of opportunity for sellers and we’d love to help! Contact your local branch today for a FREE Valuation!

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Hurfords is a trading name of Sharman Quinney Holdings Limited which is registered in England and Wales under company number 4174227, Registered Office is Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. VAT Registration Number is 500 2481 05.

For activities relating to regulated mortgages and non-investment insurance contracts, Sharman Quinney Holdings Limited is an appointed representative of Connells Limited which is authorised and regulated by the Financial Conduct Authority. Connells Limited’s Financial Services Register number is 302221.

IMPORTANT: If you are selling a residential property in the UK that is not your primary residence, you should check your capital gains tax liability. Find some useful links to more information here.

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