Why October is a good month to sell your home in Glasgow

October is an ideal time to sell your home in Glasgow, as it is the start of the autumn/ winter selling season. The weather is still relatively warmer than those later months, the days are longer and the market is ready to receive your property!

Let us explain, as we give you our top three reasons on why selling your home in October is a great idea.

Decreasing mortgage interest rates are encouraging home buyers

With interest rates steadily falling from mortgage lenders, those who are looking to make a move or buy their first home are feeling more encouraged to find that dream property.

The typical rate five-year deal dropped to 5.99%, according to the financial information service Moneyfacts. Meanwhile the average two-year deal has a rate of 6.5%. This is the first time any of us have seen a decrease since July 2023.

All of which is encouraging for the property market in Glasgow, as it is showing encouraging signs of strength and signifying that there really is no better time to cash in on your property this year than in the autumn months.

In October, there are still plenty of buyers looking for their dream home, and they may be more willing to pay a premium for a property that is ready to move in. Plus, the autumn season is known to be a time of change, and the start of the selling season can be a great opportunity for sellers to showcase their property and possibly even exceed asking price.

 

More of us are spending time online in Glasgow in October

Another bonus of October is that this is when people start to spend more time indoors in Glasgow, meaning they will be spending more time online. All of which will be done within their current home, and I think we can all admit that this is when we start to notice flaws in our property or realise how it is not suited to our needs as much.

Meaning, when they do start to take that curious browse of property websites, you home will already be in prime position.

And even more great reasons for selling your property in October … the temperature is still relatively mild and the days are still that touch longer. This all means that buyers have more time to view properties during daylight hours and it gives you the homeowner the chance to showcase your property in the best light and make a lasting impression on potential buyers.

All of which improve the likeliness of you selling your home quicker.

 

The property market is less competitive in Glasgow in the Autumn/ Winter months

And finally, sellers should consider the fact that the competition in the market is less intense in October. Although the conditions are all great for selling your home currently, some home owners prefer to wait til the new year before the begin advertising their home on the market.

But the truth is, for those looking for a quick sale on their home then October is perfect.

With fewer listings but also many keen buyers, sellers can take their time to find the right buyer for their property and negotiate the best price. Quite often you’ll find at this time a property will go to a closing date due to demand and the want for buyers to be settled in to their new home by Christmas.

Great news for you as the seller as the autumn season offers a unique opportunity for your Homs to stand out and make a lasting impression on potential buyers whilst browsing property websites.

Looking to sell your home fast?

If all of the above has encouraged you that there is no time like the present to sell your house then please get in touch with us directly on 07833 564 331 or innes@home-west.co.uk

Home West is an independent estate agent based in Glasgow with several years experience in the industry and a proven track record for achieving quick sales for our clients.

We have a steady flow of potential buyers ready to view available properties and our expertise of the local area give us the edge.

Our team are on hand seven days a week to answer any queries you may have and can arrange for a valuation so you are able to assess what you could earn from your property and what can go towards your next dream home.