Many people who have been buying, or trying to buy, property this summer will have experienced a congested, brutal and pushy market.
Stacks Property Search believes that while the autumn market is likely to be far from normal, it may bring some relief.
Craig Fuller of Stacks Property Search says, “In many sectors here’s been a shocking shortage of property on the market, but we are beginning to see some easing of this situation. As autumn progresses, we expect to see supply and demand begin to look a little more balanced.
“The fall through market is a very real source of properties. A fair proportion of the sales that were agreed in the over-heady days of the summer at inflated prices have failed to complete as buyers’ feet get a touch of the autumn chills and re-assess.
“And we can see a good pipeline of property queuing up to come on in the coming months. Vendors who still weren’t feeling strong enough to embark on selling during the summer were lining their properties up to come on in September and October.
“Buyers would do well not to pause in their efforts to buy, however exhausted they’re feeling by summer failure. Continue with serious intent, the market will be strong well into the autumn and beyond, only pausing for Christmas. So don’t run out of steam at the end of October, pace yourselves and keep going, more stock will come on and it may be at a more sensible level than it has been in the past year.
“While the old phrase ‘cash is king’ is perhaps more relevant than ever, we’ve found that kindness and politeness goes a long way too. Some buyers are tempted to adopt an aggressive attitude to a sellers’ market, but charm and humanity should not be underestimated. In one competitive bidding situation, the higher bidder lost the property as they had behaved so unpleasantly during negotiations.”