Discussion Title: Sell your home this summer while the market’s red hot

Traditionally speaking, spring is when the housing market really flourishes. However, the results from this year’s general election has flipped these traditions around, as the Conservatives majority vote has led to a flurry of activity which doesn’t look set to slow down anytime soon. While spring would usually signify an influx of sellers heading to their local estate agent, the particularly unpredictable nature of the election meant that both buyers and sellers were more wary of the market, and rightly so. This uncertainly was clear to see as a month before polling day an election-driven price stall was evident, as asking prices dipped 0.1% across England and Wales. Pre-election wariness is not unheard of, though, as in 2010 property portal Rightmove recorded that in the three months following the general election, the number of properties coming to market increased by 17% compared to the previous three months. This surge in sellers choosing to put their property on the market has been mirrored in this year’s general election. Many would-be spring sellers held back for fear of a hung parliament, but since the Tories’ majority triumph, sellers are choosing to take advantage of the late spring, early summer market. The impact of the Conservative victory was felt almost immediately in housing market figures.Sellers instructions increased by 34% in the weekend following the election result, compared to the previous weekend. Large numbers are choosing to take full advantage of a sprightly, exuberant market, and if you’re currently on the fence, now is certainly the time to take the plunge! Not only did the stability of a majority vote in the election mean buyers felt more confident in the market, but the threat of Labour’s proposed mansion tax was also dismissed, further stimulating the property market’s renaissance. The election result was also a promising result for buyers as one of the Tories’ flagship housing policies was the introduction of the Help to Buy ISA. This scheme means that for aspiring homeowners, for every £200 saved towards a deposit into an ISA, the government will add £50. The aim is that these policies will make purchasing a home that little bit easier, particularly for first-time buyers. As a result there will be a wider pool of buyers looking for a property which can only be a good thing for the nation’s sellers. Ensuring that your property goes on the market in line with this is vital. If you require assistance in selling your property, Kings Group will ensure that your property is marketed to its maximum potential. Furthermore, if you’re considering selling your home in the summer months then we can provide you with a free online property valuation. https://www.kings-group.net/blog/2015/05/20/sell-your-home-this-summer-while-the-markets-red-hot/