Albeit that the press is full of doom and gloom, from what I am seeing – the demand for Property is as high as ever – if it has been well-priced!!
This is going to be a very active year for Buying agents as volumes of cash buyers remain high – and it is a case of getting in early and being ahead of curve.
There is no question that the cost of living and significant hike in interest rates has affected the market, and has slowed price growth, but prices are not plummeting in our area.
Vendors who have been expecting prices informed by the market of summer of 2022 have been underwhelmed by interest, but those new properties that have been sensibly priced at launch have flown, with competition, off the shelves in the first half of 2023. Reductions on those mispriced properties are starting to appear, and chains are not as secure as they were previously, which leads to confusing picture for buyers. All the more reason to have a professional on your side!
If you are even thinking about moving, now is the time to contact a Buying agent, as doing this before your property hits the market is a very good way to get everything in order – and to help plan the year or two ahead. Having have early outline brief makes all the difference when it comes to understanding what sort of house you can aim for and where you want to be. There are lots of questions that need to be raised that will help you navigate the year ahead and with the timings of your sale – I have clients that stay in touch for years in advance before we start looking for their dream property, but when we do get going, they are in front of their competition – both on their sale and their wishlist.
Although the daffs are over, the stock coming to the market perhaps began later than traditionally expected this year, and so the summer should still prove fruitful for the decisive buyers.
