When you’re looking to buy a home, timing is everything. Luckily for those looking now, January is a great time to be in the market. Not only will you be able to see how your prospective home copes with the wet, wind and cold that we are accustomed to on the Isle of Man, you might get yourself a great deal in the process!
So here’s just some of the reasons we think January is an awesome time to buy a home…
Let’s start with the biggie. The average house prices are at their lowest at the start of a new year. Over the past few years, the average price has been up to £20,000 cheaper in January than in July.
Generally speaking, many of the houses on the market in January have been listed for longer than at other times of the year. The length of time a house has been on the market has a direct impact on the closing price, with sellers often being more willing to settle for a lower price.
So if you want a bargain, house-hunt in January!
With a majority of buyers looking to move in Spring and Summer, in the winter time you’ll find far less competition. You’ll have more time to make your mind up on a property and there’s a lower chance that you’ll be gazumped and forced into a bidding war.
We all know the *cough* less than tropical *cough* weather conditions that hit the Island in January. Viewing a house during winter will give you the perfect insight into how the house deals with the wet and cold, meaning there’ll be no nasty surprises after you move in. However, make sure you visit during the day to take a good look at the exterior of the property!
Quieter Market, Quicker Move
The period immediately after Christmas is generally the quietest for estate agents, mortgage brokers and conveyancers, leaving them free to give you additional attention. Depending on your situation, in particular the length of your chain, you could find yourself moving into your new home far sooner than you would in Spring or Summer.
Why Quinn Legal
So there you have it, there’s just some of the reasons we think January is a great time to buy a home on the Isle of Man.
If you are looking to move, Quinn Legal has an awesome team of conveyancers dedicated to making the legal process as smooth as possible. As well as our awesome team, all of our clients have access to our fantastic app which has a bunch of amazing features including digital onboarding and live updates, so you’re always in the loop! Better still we have a special ‘New Year, New Home’ offer for our clients to celebrate the new year, details below!
New Year, New Home
To celebrate the beginning of a new year, we’re offering all new conveyancing clients 10% off if they instruct Quinn Legal before 31.01.2023!
So what are you waiting for, start looking for your dream home today!