The Property Market
The property market in the UK has been booming over the last few years, with 33% of houses selling within 3 weeks, and 60% in less than 10 weeks. However, the market began to slow down in 2004, and by the end of the year, the number of unsold properties was the highest it has been for four years.
Before putting your house up for sale, you should investigate the state of the property market, as it isn't advisable to sell during a property slump, unless you absolutely have to. It may be more prudent to let your home long-term and wait until the market has recovered.
The number of other houses for sale might also affect the market in your area - too many 'for sale' boards in the street may ring alarm bells with prospective buyers.
Spring is usually the best time to sell (between March and May) and autumn can also be good. Having said that, a really good property can be sold anytime, although it may take a bit longer in mid-winter.
Plan well in advance and contact estate agents around three months before you want to put your house on the market, as they will need to measure rooms, take photographs, design brochures and advertising - this will always take longer than you think.
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