OK – so you thought about selling your house all through October. You were then very close to listing your home for sale in November. But 2 weeks in, it felt a bit close to December and you thought “I’ll wait ’til the New Year”. So, you got your presents ordered, house all ready for Santa’s arrival and enjoyed some downtime with the family. Very common thought process. But this is exactly what can lead to a large volume of properties hitting the market in January and February. You want minimal competition when you list your home, and that is why January is the perfect time to sell your home.
January offers distinctive advantages for sellers in the Scottish housing market. If you’re selling your home early in 2024 – here’s why Lomond Property believe you should list with Lomond within the first 2 weeks of January.
New Year, New Beginnings
January marks the commencement of a new year, a period when many people set fresh goals and resolutions. A common resolution involves moving to a new home or upgrading to a more spacious property. Consequently, January witnesses a surge in homebuying interest, creating a pool of motivated buyers looking to start the year anew in a different home. Remember – when someone loves your home, they stop looking on the open market. So the quicker you list with Lomond, the quicker you win a buyer in amongst what becomes a more competitive landscape.
Low Inventory, High Demand
One key factor that makes January appealing for sellers is the relatively low housing inventory (not everyone is as savvy as you and listens to our advice!)
Many sellers tend to wait until “the weather improves”. This results in a shortage of available properties in January, allowing your home to stand out more prominently and attract serious buyers who are eager to make a purchase. And the good news is that people looking to buy – they often start their hunt sooner rather than later. This makes January the perfect mix of Low Inventory & High Demand.
Corporate Relocations
The start of the year often sees an uptick in corporate relocations in the UK. Companies may transfer employees to new locations or hire new staff, leading to increased demand for housing. These relocating professionals are usually on tight schedules and highly motivated to secure a new home promptly, making January an opportune time for sellers.
Serious Buyers
Buyers in January are often more serious and committed to the homebuying process. With fewer casual browsers, sellers are more likely to attract motivated individuals actively searching for a property. This can lead to quicker sales and a smoother transaction process.
Final Word from Lomond Property – Ayrshire’s Leading Estate Agents & Property Management Company
While the conventional belief may be that spring and summer are the optimal times to sell a home, astute sellers in Ayrshire recognise that January provides a unique set of advantages. By understanding and leveraging the dynamics of the January property market, sellers can position themselves for success in the vibrant Ayrshire property landscape.
To List With Lomond – Reach Out Today
After the quiet of Christmas we always love January in the Ayrshire Property Market. If you’re looking to sell your home early in 2024, I highly recommend an early listing with Lomond. The early bird catches the sale, as they say!
Ross Cowan – Director, Lomond Property Ayrshire
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