x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

Selling Up? Rightmove reveals optimum date and tips for speedy sales

Landlords considering selling up have received guidance from Rightmove on when to do it and how.

The portal claims February is the best month to take the plunge, with homes listed in the month typically having the best chance of finding a buyer more quickly.

The analysis looked at millions of properties listed for sale since 2012 and the trends linked to the month of listing, excluding 2020 due to the pandemic.

Advertisement

On average, homes listed in February have taken 51 days to find a buyer – just ahead of March’s 52 days, and level with January.

In addition, an average of 66.4 per cent of homes listed in February have gone on to find a buyer – the best chance of finding a buyer alongside April – just pipping second placed March’s 66.3 per cnet.

February listings are also the most likely to go on and finalise a completion of sale, and the least likely to be withdrawn by the owner from the market.

With March also coming very high on the rankings, the data highlights that those getting ready to sell at the start of spring are also putting themselves in a strong position to get moving in 2024.

In the year so far, the number of buyers contacting agents about homes for sale is eight per cent higher than last year, while the number of new properties being listed by sellers is 11 per cent higher.

Tim Bannister, Rightmove’s property expert says: “The best time to get moving is the time that’s right for you – we can’t always plan or predict when a life move is needed. However, for those who are able to be a bit more flexible about when they decide to sell, the data shows typically the start of the year has been particularly strong. 

“It’s also when we’ve historically seen the most buyers sending enquiries to agents, so it’s a great time for those looking to sell to make sure they are listed, their marketing is strong and they’re pricing attractively enough against other sellers.”

Rightmove gives these tips for potential sellers:

The Driveway - A viewer will make their minds up about whether the property is potentially the "one" within the first 20 to 30 seconds of the viewing. With this in mind, the front driveway, condition of the garden, external paint work and condition of the front door are far more important than many people realise - in some instances you might have lost your prospective buyer before they are even inside the property.

Don’t Treat It As A Transaction - Some people are looking for a home, not a business or just a ‘property’, so make sure it doesn’t just feel like a transaction. Having the heating on from the entrance hall and throughout the house for example can help potential buyers imagine living in a new home they can settle down in. There’s nothing worse than opening the door to a cold home.

Don’t Cut Corners on Decluttering - Invest in some temporary storage and make sure the home is clear and tidy for viewings – you want potential buyers to focus on the home and space, not your mess. Also, make sure to decorate the home in line with the season, to help potential buyers to visualise themselves living there. Carrying out viewings in the spring or summer? Buyers are going to pay extra attention to any outdoor space you have, so make sure the garden is presentable.

Don’t Overhaul The Home but Do Fix Issues: It might be a minor issue – but potential buyers can get transfixed on a particular detail, and it can sabotage a sale. Don’t risk potentially losing thousands off the asking price, because you didn’t do a hundred pounds worth of repairs. Don’t spend loads of money on an expensive new kitchen or bathroom fittings just before selling. The purchaser may end up changing them anyway, and it may not add much to the final price.

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.

  • icon

    So as per there is no comments section on the top article regarding British homes for British people 🫣 I wonder why that headline is so anger inducing 🤷‍♂️ It’s total common sense and morally right 👍🏻.

    Peter Why Do I Bother

    Agreed on that point Simon. I can imagine the response if I go to the local ministry here in the UAE and demand a free house and bit of spending money.

    They would pay for me to get on the next plane and clear off.... Oh hang on a minute is that what the UK are trying??

     
    icon

    100% Simon. Charity begins at home. 👍

     
    icon

    Pretty Polly says “This policy amounts to nothing more than scapegoating at its worst. It is unnecessary, unenforceable and unjust." Well it is necessary and is enforceable. We just need to changes the rules.

    “... blames a group of people for a housing emergency that they did not create." Well my Nigerians have been evicted. The council are housing them. She has 4 kids (I don't know by how many fathers). I say that because the point is she and others don't care about whether the father stays too much. There's so much welfare that there's free money being thrown around. With benefits and maybe a bit of work they don't need to worry about how they afford it.

    In addition you could say they did create thr housing emergency. They are increasing the demand on housing by moving from abroad to here. What's more annoying is they get priority. I wouldn't even get considered even though I have paid in for it for decades. They have been here 5 minutes.

     
    icon

    Peter, I live in Bahrain, not far away from you. Expats and locals are treated differently here. As an expat I pay a lot more for utilities, god forbid if I should get into dept, I would have a travel ban and not be able to work or leave the country.

     
  • icon

    They certainly overlooked to put a comment section on the first headline, as Simon says. Of course, it is common sense, British homes for British people, even though they may not work when able to. On UC and also work. This is because they cannot be shipped out of UK to make another country's problem. Polly Neate is a total idiot, putting her big mouth but not put any funding to help anyone, except herself.

  • icon
    • A JR
    • 25 January 2024 09:07 AM

    It’s just plain unacceptable that a forum set up for private landlords such as Landlord Today chooses to censor/disable comments on important topics relevant to the sector. Our voice must be heard not smothered at random.

    icon

    Kim Jon Norwood is increasingly disabling comments, usually when the Boy Beadle features. Kim Jon obviously feels that there would be accusations of racism were he to permit comments. Other countries happily put their own people at the head of the queue. This is one of the few countries that put their own people last.😡

     
    icon

    Why publish the article if you are not allowing comments?

     
  • icon

    Well the time to sell is governed by when you can get the keys back! You might plan to sell in Feb but if the property is tenanted you can't be sure when tenants will vacate, and there is really no point trying to sell tenanted property. Best to wait until tenants have gone. I'm about to issue S21 to one of mine, but I have no idea how long until they will actually move out.

    icon

    I hope you're not in Scotland!! I've applied 3 times to the courts to get my house back so I can sell it. Over a year now and still I haven't gained possession.

     
    icon

    Humzalot Useless has just claimed in Holyrood that Scottish landlords are NOT selling up in droves as there is actually an increase in the number of registered landlords.

    Making it almost impossible for landlords to evict tenants in order to sell might disguise the problem temporarily but like the inevitable effects of their recent legislation the chickens will come home to roost.

    He forgets that many landlords have multiple properties and must remain registered until they have sold all of their portfolio. In any case, registration lasts 3 years and the Scottish rent freeze and cap are not yet 3 years old.

    In any case, one landlord selling 9 properties being replaced with 2 new landlords with one property each still means a loss of 7 properties, not a doubling of available rental properties.

    On a related topic, while the rent cap ends on 31 March, rents can't be increased by more than 3% until 1 July as any notices of increase must give 3 months notice and can't give notice of more than 3% until after 31 March. Anyone mistakenly giving notice of a rent increase before 1 April is then prohibited from any further increase for a further 12 months.

    A maximum increase of 12% is being rumoured but this is effectively an annual increase of 9% because of the 3 month delay and is actually around 3% on an annual basis once the rent freeze and rent cap periods are taken into account.

    Of course the way round all of the recent SNP lunacy is to avoid any tenants wanting to stay long term and focus on students who won't stay long term and thus allow rents to rise to market rents at every new tenancy.

     
    icon

    Robert, Hamas Useless is not noted for his veracity.

     
    icon

    Robert, but with the lack of properties around, some students may choose to remain after their studies. Get a job where they are for the foreseeable. Either that or back to mum and dad. So they may not go going forward.

     
    icon

    Nick

    The protection is that all 4 joint tenants need to agree so that risk is greatly reduced and with 4 solvent guarantors the rent will always be paid or credit ratings trashed before careers begin.

     
  • Sarah Fox-Moore

    And just like the Government doesnt want to rent to non Uk citizens neither do so many Landlords who are threatened with ever larger fines & prison if they get caught out on the nightmare that is Right to Rent.

  • icon

    If the Border Farce did their jobs properly and if government stopped the boats, there would be no need for R2R legislation. 😡

    We are paying the price for their incompetence?🤬

    Kim Jon Norwood may stop comments on British Homes for British people, but that is what fines of £10,000 will create.

    icon

    I wouldn't rent to a non-UK person now. Don't have to and won't take the risk of unnecessary fines. The Border Farce as busy bringing in as many illegals as they can with the Civil Service union taking legal action against the government instead of doing their job. It was reported last week as we all know the Home Office has lost track of a load of illegals. Total incompetence. I think these public sector people and all the charities put the Carry On films franchise to shame.

     
  • icon

    Worried LL, you are about to issue S.21 careful have you given the Tenants all the Documents like Gas, EICR, the Deposit protected at the right time, Have you given them‘Right 2 Rent Guide’ (before they moved-in) Given them the EPC etc otherwise you’ll wait 6 / 9 months & it will be thrown out & you’ll have to start all over again. I am not giving advice but if you haven’t done at least the above and the correct notice period. Then don’t go there consider Section 8 instead as some of those scams don’t apply to S.8.

    icon

    Most things are fixable. Even if not served - just serve it before the notice. Post is what the law recognises. The AST may well permit email, but if it should have been done pre-the AST the clause wouldn't apply. There's many checklists online.

    S8 carries the risk of counter-claims. Especially for disrepair. Legal aid lawyers encourages the tenant to make claims of bogus complaints in the court. New information is not allowed upto about 2 week before court but still they allow it I understand. Hence I am not willing to rent without S21.

     
  • icon

    i on't think I have ever issued a S8. The threat is usually enough. However I do advise landlords that if they are issuing S8, to issue a S21 at the same time. Belt and braces approach!

    icon

    I think Landlord Action among others says both. However you can only pursue one route. Why? Why can't I do both routes? Again more restrictions on landlords...

     
  • icon

    No one commenting on the newest Anti-landlord money wasting expert to be enrolled by Shelter & ITV as if there weren’t enough on our case.
    Why were no landlords on the Show to tell the truth about what’s happening in the Private Rented Sector, just telling Tenants to claim thousands from landlords that they never received what LSE did they go to.
    Telling Tenants to report their Landlords to the Council’s if landlord hasn’t got a license (turkeys voting for Xmas).
    He must think Tenants are stupid does he not know licensing Application’s are the tricker for a Big Rent
    Increase. Licensing is taking billions it of PRS even the Application fees alone for mandatory HMO in London is around £1600.00 plus the thousands more spent on Compliance work & Certification. Licensing is the Biggest single caused of unaffordable housing and homelessness now Martin expert put that in your pipe & smoke it.

    icon

    The idea behind telling tenants to complain to the council, is that it may stop landlords being able to serve a Section 21 notice. Many landlords about to do that in case there is a May election.

     
    Robert Black

    A lot of politicians are financially incompent Just look at the councils going bankrupt

     
    icon

    Robert, they were more efficient when they were run by the Town Clerk.

     
  • icon

    Ellie. Just add that to the list and there are lots more none of which was part of the 1988 Housing Act or Shelter weren’t doing anything to help back then either with no landlords to bash and no other solutions to offer. Wait until Private Landlords do it on their own then you are in Business with criticism . All those Organisations riding high on the backs of landlords while supplying no housing, just having a dig making everything worse, they have no right put your money where your mouth is.

    Robert Black

    Well said Michael Fowley

     
  • icon

    If Sunak actually did say British homes for British people, it’s about the bravest thing he’s said. But it’s words, not action.

    icon

    It’s a desperate attempt of a dying party. Words alone don’t get my vote anymore.

     
icon

Please login to comment

MovePal MovePal MovePal
sign up