Selling your home in July

Phillips George
26 June 2024
Estate Agents | Selling

Selling your home in the summer

 Selling your home in the summer. 

It’s all in the timing

You’ve packed your suncream and your beach towel, but there is something you have forgotten. At the back of your mind is the small matter of selling your home and moving on to new pastures.

Summertime Blues

Common wisdom and tradition suggest that summer is not the time to sell your home, but this not exactly true. Where it is true that the number of house hunters is down, so are the number of houses on the market, meaning there is less competition and buyers will spend more time considering your property. From our years of experience, we know that July is a great month to put your home on the market.

The E word

Let’s not talk about the Election, as the effect on the housing market really cannot be judged at this point. There is plenty of speculation in the mainstream media, but the effect of a new government on the market can only be properly judged once they are in position and decisions are made affecting the housing market.

The Bank of England has held interest rates again, despite the drop in inflation to a three year low. This is normal before an election, but surely mortgage rates will soon be falling to a reasonable level.

There are many reasons for optimism in the market, not least the performance of the East Midlands in terms of house price changes over the last year. Our region has enjoyed a healthy rise in house prices, showing great resilience in the face of challenging circumstances.

East Midlands house price changes in 2024

Source: UK House Price Index, 19 June 2024. Average prices are rounded to the nearest thousand.

Clare Phillips, Partner at Phillips George shares her thoughts on the housing market; “Despite a good first half to 2024 it still feels that some people are erring on the cautious side, and not committing to moving to the home they really want. There may well be a wait-and-see vibe coming from some house sellers, that might be behind the wave. It’s important that you are ready to put your house on the market at the right time, and you never know, that time might be right now.”

First steps to putting your house on the market

  • Check the value of your property – ask Phillips George to value your home
  • Work out your budget, speak to a mortgage adviser and don’t overstretch your finances
  • Get your home ready to sell. This usually takes longer than you might think, but will help you sell your home quickly and get the best price for it
  • Have a clear idea of where and when you want to move
  • Keep it real; what is right for me and my family within my budget, in terms of location and accommodation.

So once you have checked that your passport will still be in date for when you come home from your holidays, get ready to put your house on the market and get moving!

Sell your property with Leicestershire’s own estate agency

You will benefit from great service with:

⭐ Professionally qualified, senior staff directly involved

⭐ Five star reviews across the board from Google and TrustPilot

⭐ Proven track record

⭐ Local business, local knowledge

⭐ High Visibility: Right Move, Zoopla, OnThe

⭐ Feedback after every viewing

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Call us now on 0116 216 8178

Clare Phillips
Clare Phillips, Partner
Clare has been in the industry since 1998. Her career started as an administrator and she has worked through each role in estate agency from negotiator, sales progressor, valuer, manager and culminating in opening Phillips George as a co-founding partner. Through Clare’s career she has obtained professional qualifications with both NAEA (national association of estate agents) and ARLA (association of residential letting agents) to ensure that she delivers a first class service to all of her clients. Clare’s favourite part of estate agency and lettings is helping customers achieve their goals and making the process as smooth as possible for them.