Should I sell my house now?

Should I sell my house now?

Yes! If you need to move for personal reasons—whether it’s relocating, downsizing, or expanding your family—now could be a good time. While your home is a major financial asset, your personal situation should guide your decision.

What’s happening in the property market?

UK house prices are up 3.2% in September 2024, growing at the fastest rate in nearly two years. Lower mortgage rates have boosted buyer demand, which is helping drive up prices.

Will house prices crash in 2024?

Unlikely. Experts now predict house prices will rise by 1.5-2.5% by the end of the year, despite earlier concerns of a small drop.

Are houses selling?

Yes! The average time to sell has improved to 60 days, and more homes are selling than last year.

Should I sell now or wait?

If you need to sell, don’t let market speculation delay your decision. No one can predict future prices, and if your home value rises, so will the price of the one you’re looking to buy.

Is it a bad time to sell?

No. Falling mortgage rates are positive for both buyers and sellers. If you’re selling a Buy to Let property, consider acting quickly due to potential tax changes.

How to know if it’s the right time for you:

• Check property listings for competition.
• Talk to local estate agents about demand in your area.
• Use tools like the Land Registry to compare recent sales.