I'm thinking of moving in 2024, what should I do?
I'm thinking of moving in 2024, what should I do?
As we head into a new year, many homeowners find themselves contemplating the idea of selling their homes. Whether you're looking to upgrade, downsize, or relocate, the new year can be a great time to make a move.
2024 has a promising outlook for the property market. The Government focused on reducing inflation, strong employment and the start of declining mortgage rates as well as flexible lending from the banks are all working towards a favourable year for house moves.
Despite a lot of speculation in 2023 for 5% price drops, the end result was only 1.2% (a national average of £3,000). The fact that the end of the year was such a difference to the beginning of the year shows good momentum heading into 2024. WellingtonWise had 2 of our best sales months in October and November which demonstrates positivity from buyers.
To help you make a success of a move it's essential to approach with careful planning and strategic considerations. In this guide, we explore some key steps to take if you're thinking of selling your home in the new year.
Set Clear Goals:
Before diving into the selling process, it's crucial to define your goals. Ask yourself why you want to sell, what you hope to achieve, and what your timeline looks like. Whether you're aiming for a quick sale, the highest possible price, or a seamless transition to a new property, having clear objectives will guide your decision-making throughout the process.
Prepare Your Home:
First impressions matter in estate agency. Take the time to enhance your home's appeal by addressing any exterior maintenance needs, such as painting, landscaping, or repairing the roof. Inside, declutter and depersonalize your space to allow potential buyers to envision themselves living in your home. Consider minor repairs and upgrades to make your property more appealing and potentially increase its value.
Price Strategically:
Setting the right asking price is crucial. Conduct thorough research on recent comparable sales in your area to determine a realistic and competitive price for your home. Consult with a local established estate agent who can provide valuable insights into market trends and help you set an optimal asking price. Remember, the highest price isn’t always the right price.
Market Effectively:
In the digital age, a strong online presence is vital for reaching potential buyers. WellingtonWise invest in high-quality photography, create a compelling listing description, and leverage social media platforms to showcase your property. You can also consider staging your home to highlight its best features and create an inviting atmosphere for potential buyers, we can help with this.
Work With A Professional:
Enlisting the services of an estate agent can significantly ease the selling process. As a skilled agent we can provide market expertise, assist with pricing strategy, handle negotiations, and guide you through the paperwork. We a proven track record and a strong understanding of the local market.
Understand Market Conditions:
Stay informed about current market conditions in your area. Factors such as interest rates, economic trends, and local housing inventory can impact your selling experience. A proactive approach to market monitoring will empower you to make informed decisions throughout the process.
Conclusion:
Selling your home in the new year can be a really rewarding and successful endeavour with careful planning and execution. By setting clear goals, preparing your home, pricing strategically, marketing effectively and working with a professional you can navigate the property market with confidence. As you embark on this journey, remember that each step contributes to the overall success of the sale, bringing you one step closer to achieving your desired outcome in the new year.
For more information or further advice on how we can start your move in 2024 please contact us on either of the numbers below.
Why not follow the link to our website and take a look at our instant online valuation tool?
St Ives Office; 01480 498400
Royston Office: 01763 294448