If you are selling or buying a property in Wigston, there are a few reasons why you might be making slow progress. If it’s taking longer than you thought to find a buyer for your home, it might be because of the current state of the property market; or, if you’re struggling to find that perfect Wigston home, it may be because of a lack of properties available to buy.
So, taking everything into consideration, all these factors invite an obvious question: how long is too long to persist in the Wigston property market?
If you are looking to sell your Wigston property and your home has been on the market for longer than you anticipated, you might be beginning to find it infuriating. Perhaps the property market is simply in a state where it’s challenging to get a property sold quickly, or sold at the price you want to achieve for it. If you do live in a Wigston home that is towards the upper reaches of the price bands, you have to be open to the idea that because it’s worth so much more than the average property in Wigston, and thus so more than most individuals can afford, you will have to wait longer to get it sold.
Your Wigston home might be taking longer to sell because your asking price is simply too high. Even if you are prepared to take a realistic offer, if you have an unrealistic asking price your Wigston property will be seen as overpriced, which will undoubtedly turn off potential buyers from even being inclined to book a viewing.
Looking at the market in Wigston compared to a year ago makes for very interesting reading…
When it comes to the average length of time on the market, all the property types in Wigston appear to be taking longer to sell.
The overall average length of time a Wigston property remains on the market has risen by 75.3%, from 58 days a year ago to 101 days today
The question remains: if you are having no luck selling, should you leave your Wigston property on the market or not? This basically depends on your personal circumstances – a big decider has to be if you are moving up the market or downsizing.
Buyers will compare your Wigston property to all the other homes on the market using the portals such as Rightmove, On the Market and Zoopla and, even if your asking price is realistic, if your marketing (brochures, pictures, even video walk-through) isn’t top dollar, they will dismiss your property.
Remember, the average buyer only views 4.5 properties before they buy and, on average, each buyer will spend just over 25 minutes viewing each home…
The more properties that are on the market, the greater the choice for buyers (yet more competition for house sellers), so we wanted to look at how many homes were for sale in Wigston right now, compared to 12 months ago.
As you can see, there is not much difference between the property types in Wigston:
|12 months ago||Now||Percentage change|
As for buying a Wigston property, searching for that dream house can take time – you have to consider the needs of your spouse, children, schooling, etc., what you can realistically afford and whether your current property can accommodate you until you find that perfect Wigston home.
Don’t forget that upwards of 10% of homes do not make it to the portals (the portals are Rightmove, Zoopla and On the Market), so don’t just rely on these to let you know what is coming on the market. The number of times I speak to disappointed buyers who missed out because other buyers registered directly with the agent for a property, whilst they relied on the portals alone.
When it comes to buying a Wigston home, so you don’t make any decisions you will regret later on, taking your time is always the more practical option. The amount of money that is involved in buying a home and all the other costs connected with it means that you should never rush into buying or selling without due consideration.