Hold on to your hats, we’re off again! In a supercharged repeat of the second half of last year, there are an unprecedented number of buyers looking for their dream home in Hampshire, Surrey & West Sussex. Yet again the problem is supply.
This Stacks office has been finding homes for our clients since 1984 and we have never been busier. Demand for family houses in this area has gone through the roof. A large percentage are from London, and many have already made the move down here, they are renting and ready to pounce when the right place comes up. This means that competition for the best houses is fierce and I think turnover will be very high for the rest of the year….as long as we get some supply.
Potential vendors have had plenty of reasons not to market their houses over the last year, from home schooling children to shielding, and although the first three months of the year are usually quiet for new instructions, this year has obviously been particularly sparse. Another issue for people thinking about selling is that they are not seeing anything available for their ongoing purchase. However, it feels as though this post-Easter period is about to get busy. Estate Agents are furiously valuing properties and vendors are beginning to understand that right now is a really good time to sell.
Prices could go up slightly over the next few months which might appear counter-intuitive when one considers the economy and issues surrounding job security. But the most basic economic principle comes into play here; there are more buyers than sellers.
The benefits of instructing a buying agent based in the area you are looking who has expert knowledge, good local contacts, an excellent track record and a close relationship with all the local agents, is paying huge dividends in the current climate. We continue to get fantastic testimonials from our clients who have experienced the high level of professionalism and bespoke service that Stacks provides. In 2021, local knowledge and contacts are more important than ever.