Being aware of your school admissions times is essential to not only ensure you get in to the right catchment area on time, but that you sell your current house at the right time to maximise the amount of money you get for it. If you have a child or children that will be starting or moving school within the next 18 months, then now is the time to start planning your move.
In the real estate industry, sales take, on average, between 4-6 months from putting your house on to the market to completion (the day you hand over the keys to the new buyer). Add to this the time it takes to prepare your house to go on the market and the process can take anywhere from 6 months up to a year. If you want to get your children in to a specific school by moving to a new house, then you need to start thinking about moving now.
Deadline for secondary school admissions is the 31st October.
Deadline for primary school admissions is the 15th January.
The first thing you need to do is create your action plan. You need to research how much you could achieve for your house sale and compare this with how much you are looking at to buy in your desired area. Be aware that houses within a sought-after catchment area can fetch a premium price, so moving to a similar property may cost you more money. Good catchment addresses come with the associated price tag and you will want the maximum value for your current home to get the best out of your move.
You then need to work out if you can do anything to increase the equity in your house. There is lots you can do in a short timescale to increase its value, check our previous posts and videos for handy tips and advice.
It isn’t too early to get an appraisal on your house at this point to work out what your house is worth, and what it is and isn’t worth doing to increase its value. An expert agent will be able to give you great guidance, as well as informing you of when it is the best time to put your house on the market to achieve your goals and maximise its potential. Every house and area will have different timescales to the average, so it is important to get the right information from your agent.
When you have done this, you need to speak with a mortgage advisor to ensure that you can afford to make the move. You will also need to implement any work to your house to get it ready for market. Remember to work within the agreed timescales so that you can put your house on the market at the right time.
You may be scared to put the house on the market if there isn’t something available for you to buy- but please don’t let this put you off! If the catchment area is popular then you will find that a property that becomes available will sell quickly, and you need to be able to buy it. You are in control of your house sale, and a good agent will find you the right buyer. If that is someone who will wait for you to find a purchase, then so be it. A good agent is on your side and will help you achieve this! If you wait to put your house on the market until you have seen something suitable to buy, then you will almost definitely miss out on the opportunity as there will be other buyers in a better position than you. Speak to your agent who will be able to work with you and allay any concerns you may have.