The moving costs are now higher after the Stamp duty changes on 1st April, 2025. Many experts are saying that the market is slow right now. Selling the house right now may be a little difficult (the situation may change depending on the time you read it). House prices are 0.6% lower, and the yearly growth rate has reduced from 3.9% to 3.4% since April. Is it the appropriate time to sell a property? Let’s find out with Nick Statman.

If You Are in a Tough Situation

Sometimes it’s not just about the timing, it’s also about the uncertain situations. Those situations can be anything: a new job, a growing family, or retirement can all push you toward selling, even if the market isn’t ideal. In these types of situations, it is not practical to wait for the right time.

How to Make Your Home More Appealing

In 2025, first impression matters a lot. And the best way to make a good impression is to set the right price. According to Nicholas Statman, if you set the right price from the start, your property may sell fast. That’s why you can increase the price by cleaning, decluttering, and fixing minor issues.

What If You’re Selling and Buying?

Many sellers are also buyers. If you’re moving to a more expensive property, current high mortgage rates could increase your borrowing costs. However, lower interest rates in the future might push house prices higher, making your next home more expensive. The trade-off lies in timing: selling now may get you less, but you could negotiate better on your next purchase.

Thinking of Downsizing?

For downsizers, rising property values work in your favour. A 5% rise in both the home you’re selling and the one you’re buying means more profit overall. If your existing property is worth more than the new one, the percentage increase benefits you more on the sale side. That’s why sellers looking to downsize often benefit from rising markets.

Costs You Should Factor In

According to Nick Statman, selling a home isn’t just about the price you can get. It’s also about the costs involved. You will have to pay estate agency costs, legal fees, and potentially stamp duty. If it’s a second home, capital gains tax may also apply. Be sure to calculate these expenses, especially if you’re selling to free up money. They could eat into your expected profit.

Don’t Rely on National Trends Alone

UK house prices can vary greatly between regions. A slow market in one area might not affect another. Always compare the price trends in your local market with the area where you intend to buy. Regional differences in demand, job opportunities, and housing supply can influence your outcome more than national headlines.

Conclusion

There’s no one-size-fits-all answer to whether now is the right time to sell. It depends on your situation, your financial plans, and your next move. While the market might currently favour buyers, careful pricing and preparation can still lead to a successful sale. Nick Statman always advises weighing the costs, comparing local market trends, and acting in line with your personal goals.