Back To School: The Best Time To Buy/Sell?Posted on 23rd August 2021 in House Prices
It’s that time of the year again when children dread going back to school while parents can’t wait. The kids being back at school is good for them to develop and to give adults that bit of freedom back during the day. With adults now having more time, more cash and a booming autumn property market, now is the perfect time to sell your home or buy your next family home. In today’s blog we are going to discuss why the children going back to school makes it the perfect time to buy or sell your home.
Move For Christmas
If you are already considering looking for your new home then now is the perfect time as it will ensure you are in your house settled for Christmas. There would be nothing worse than having the stress of moving house multiplied by the pressure of Christmas. As well as the stress element of Christmas time from a financial perspective winter time can make it more difficult to move home because of Christmas. Moving house can typically be a 10-12 week process with every stage so completing your house move now would ensure that you are in your home settled for Christmas and the new year.
More Money Freed Up
The summer holidays are most kids’ favourite time of the year but when it comes to parents their expenses rise significantly. A lot of parents who both work full time will have had to pay for childcare in some form for the last 6/7 weeks. When the children are constantly home the weekly shopping bill seems to jump up dramatically (especially with teenagers at home). Both of these examples are two of many where expenses ramp up during the summer holidays and in most cases without you noticing. Since the kids are back at school these expenses decrease giving you the ability to think about your next house move.
Booming Autumn Housing Market
House prices have risen steadily in recent months, with the average agreed price for a property almost reaching £200,000 at the end of June 2021. Early in the autumn, the supply and demand issue will continue but this does not mean it is not a good time to move. The autumn market typically tends to be focused around 3/4 bedroom family homes as families make their moves making this time of year the perfect time to be looking for your next family home.
Out Of Holiday Mode
When the schools are back it seems like a sense of reality hits again and normal life resumes. The summer holidays can be a hectic time of year for parents and the kids being back at school turns off that holiday mode. Most parents would agree that after the initial chaos of getting the kids ready for going back to school, summer is always predominantly more of a frantic time. This means that with the kids being back to learning, life is less crazy which gives you the opportunity to focus on your next house move.
The schools being back offers many opportunities to find some extra money that went missing due to the kids being off on holiday which creates a perfect time to find that next family home. There’s no denying that the house moving process can sometimes take a few weeks or months. Therefore, now is a great time to get the move done so you can be settled in time for Christmas and the new year. If you have any questions regarding buying or selling your home then do not hesitate to get in touch today and our team will be more than happy to help.