Selling a home? Here’s why you should like Mondays...

The Boomtown Rats might not have liked Mondays very much, but property sellers very much should if the latest research from Which? Money is anything to go by.

Which? Money, part of the prominent consumer group Which?, carried out analysis of thousands of properties for sale and found that those listed with estate agents on a Monday are likely to sell quicker than those listed later in the week.

If you're looking for a quick sale – which nearly all sellers will be – then Monday would appear to be the best day of the week to put your home on the market.

When it comes to selling a home, it can often be the small, easily overlooked things that can make all the difference. As a seller, you may pay no attention to which day of the week you list – believing it to be unimportant and trivial.

But the research, which looked at Land Registry data for thousands of properties in the year to September 2016, comparing listing dates with sales dates, revealed that homes listed at the start of the week tend to sell a month faster than properties listed at the weekend.

On average, a home took 190 days to sell from first being listed to completion, while homes listed on Mondays only took 176 days. Meanwhile, homes listed on a Saturday took 203 days on average to be sold, while properties brought to the market on a Sunday took 213 days – or approximately seven months – to sell.

Of course, it's not as simple as listing on the right day, but the research above suggests it can have an influence. Once you have taken the decision to put your home on the market, you want to give your chances of selling as many boosts as possible, so paying attention to the day you list could prove beneficial.

To further improve your chances of selling a home fast, you need to make sure you pick the right estate agent – one who will do all they can to get you the best possible price for your property in an efficient, professional manner.

A good agent will have excellent local knowledge – understanding both local and national buying trends – and will be on hand to deal with any issues in a calm and unruffled way. In essence, they will be there to make the sales process as smooth and hassle-free as possible.    

At Sandra Davidson, we have the requisite experience, local knowledge and professionalism to help you get your Redbridge home sold.

The East London areas we cover benefit from high levels of demand, with excellent transport links to the City, Canary Wharf and the West End making them ideal for commuters, while ample green space, good local schools and a wide range of local amenities also give them significant appeal to families and young professional couples.

Transport links are set to get greater still when Crossrail, which will include station stops at Ilford, Goodmayes, Chadwell Heath and Seven Kings, is fully operational by the end of 2018.

Appointing the right conveyancer is also a key step. Conveyancers play a hugely crucial role in any house sale, as we outlined in a previous blog. Getting your agent and conveyancer right will help to improve your chances of getting your home sold for your asking price or above.   

For more information about selling your home, choosing the right conveyancer and getting your property in tip-top condition for sale, please get in touch with us on: 0208 551 0211.

We operate in a number of locations in the London Borough of Redbridge, including Ilford, Goodmayes and Chadwell Heath.

To find out how much your home could be worth in the current marketplace, why not request a free and instant online valuation?

Crossrail: Why now is the perfect time for landlords to invest in Redbridge property

The London Borough of Redbridge is in the midst of major regeneration and although this East London location is known as one of the capital's most affordable, this could all change in the next couple of years, particularly as the effect of Crossrail begins to take hold.

In case you're not up to speed, Crossrail is a high frequency, high capacity transport infrastructure designed for London and the South East. The line plans to run from Stratford to Shenfield, with the rail service set to run through several Redbridge locations.

Crossrail, which is 70% completed, will have stops at Ilford, Seven Kings, Goodmayes and Chadwell Heath; all located within Redbridge, and locations in which we operate here at Sandra Davidson.

Therefore, if you are considering becoming a landlord, we advise in investing in Redbridge sooner rather than later to avoid burgeoning house prices.

Moreover, getting the initial transaction done and dusted before April will be beneficial to your bank balance as you'll dodge the impending stamp duty charges which will hit buy-to-let investors.

Furthermore, letting your property in areas which will be directly impacted by Crossrail could certainly earn you a pretty penny in the future, with demand set to increase as a wider and more varied pool of tenants will be attracted to the benefits Crossrail has to offer.  

Families have always been drawn to rent in locations within the Redbridge borough thanks to lots of open spaces and brilliant schools, but the implementation of Crossrail will appeal to other renting demographics, too.

Young professionals will want to live close to one of the nearby Crossrail stations as rents are likely to be much cheaper here than in Central London locations.

For example, once Crossrail starts, getting from Goodmayes to Bond Street will take just 29 minutes, and Heathrow will be accessible in 57 minutes.

This is great for both those who partake into the daily commute and local residents who need to travel abroad.

Not only will the introduction of Crossrail attract more tenants and boost the property market, but it could also serve as a catalyst for the regeneration of the surrounding areas.

Currently the average rental price in Redbridge stands at around £1,287pcm. This is just above the average national figure, and is likely to increase the closer a property is located to a Crossrail station.

The local authority, like many landlords in Redbridge, has grasped the potential of Crossrail, and has consequently invested £5 million in transforming the stations’ surroundings – making life easier for pedestrians, improving town centres, and building more affordable homes.

Businesses, too, are flourishing in the area, with 6,500 new businesses being formed in the borough in the last year, according to statistics from inform Direct. This is more than in nearby Newham, Kensington and Chelsea and Islington.

In Seven Kings alone, 499 new businesses were formed, providing more jobs opportunities for its residents.

Here at Sandra Davidson – an estate and letting agent operating all over Redbridge – we have already felt the impact that Crossrail has had on the area, and how it has triggered a surge in tenant demand; music to the ears of landlords.

We’re here to offer advice to potential landlords who are looking to invest in the area, so get in touch with the team of property experts here today!

Alternatively, we also offer completely free online valuations for landlords to discover how much rent their property could generate each month. 

http://www.sandradavidson.com/news/666/Crossrail-Why-now-is-the-perfect-time-for-landlords-to-invest-in-Redbridge-property