Local Housing Market

Autumn 2019

The Autumn property market for Northamptonshire has begun, and a steady stream of property is finally reaching the market. Canny vendors have priced their properties well, and they are being snapped up by proceedable buyers with decisive speed.

Competition can be strong, so organised finances and solid representation are key to securing the deal ahead of the crowd.

The age old adage applies more so than ever; quality property, realistically priced, sells well, especially due to continued shortage of stock; it also seems that the trend of ‘off market’ sales is continuing to be the preferred way of many Vendors who do not want to commit their property to the open market. Local knowledge and contacts are therefore key in this challenging market.

For now, London prices seem to have steadied in many areas and further political/Brexit uncertainty seems to be the new norm, and life can not be put on hold forever.

So in order to get the most out of the interesting times ahead it is especially important for buyers to undertake thorough preparation and research. Sound buyers with finances and legal advice in place may well be able to make good advantage of an uncertain marketplace. For further help and advice please do contact me for an informal chat.

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

Stacks calculates that there may be over six million households living in the wrong property, many because they are anxious about moving home in these politically uncertain times.

Historically the property market stagnates temporarily as we wait for general elections, Budgets, and other major political events. But since the Hung Parliament of 2010 we have been in a permanent state of political flux, and there is no end in sight. A big question mark hangs over the May-led Government, and there will be no resolution to the Brexit issue for several years.

Add to this fear of the unknown, the usual ‘winter market’ assumptions, and you can be forgiven for not knowing where to begin!

The story of 2017 has not been people not finding what they want to live in, but not being able to sell their house when they find it, so Rachel’s advice is – get stuck in now! Life carries on, and the alternative is to go on putting your life on hold for years, now that ‘Abnormal is the new Normal’ [Link to Main Market comment] anyone waiting for the perfect conditions are missing out.

If you have a property to sell, put it on the market. You will soon get a clear idea of what it’s likely to sell for and how quickly. If you need finance, start talks with your mortgage provider and jumping through the now necessary hoops. This will give you further clarity about how your finances will stack up and whether you can be proactive on your price to get a deal that holds together.

Getting an offer on your house will now, more than ever, put you in the negotiating driving seat.

Our clients who have made a move in the last few years are sitting pretty. The market has been relatively stable, there has been plenty of opportunity for good negotiation. Embrace abnormal, and jump in!”

A new season, & the president of the U.S.A and Brexit still very much in the news, but the Chancellor’s Budget speech didn’t even refer to property!!

The market is still somewhat subdued and levels of activity are certainly down but opportunities are there for the taking.

In our view, the uncertainties of the Brexit vote and a Trump Administration create an opportunity for committed buyers : uncertainty = opportunity.

We don’t expect much movement in price over the next 12 months. Quite clearly the London market was weakened by the Brexit result, but limited supply is matching demand in most sectors. The most buoyant sector of the market is the sub £500k but above that things are a bit tougher. Buyers and sellers are still struggling with the revised stamp duty and rules on second homes.

Despite this there are always those who want or need to be in the market. Those looking to move from London to the Country are still being presented with a once-in-a-generation opportunity to swap a moderate London property for a spectacular rural home. If you are planning to make the London-to-Country move in the foreseeable future, depending on your circumstances and position, you want to get on with it.

If this doesn’t apply to you, now could still be a good time to buy with the possibility of cheaper mortgages and a reduction in interest rates again. If selling, correct pricing is key. See here how we help our clients determine what price they should pay for their new home.  Our advice to sellers would be – ‘be realistic’ as buyers will certainly not be prepared to pay over the odds and less likely to compromise. This may apply particularly to those looking to make a first move out of London who may be apprehensive about making the right decision. So, unless you are selling a property as a project it needs to be presented as best as it can be and the cleverest vendors are aggressively marketing their houses with good agents at the right price – i.e. keen, competitive, fair and reasonable.

Our message remains – ‘if you want to move, don’t hesitate, but start making arrangements to get into the market now.  There are some great properties out there at good prices.’  

If you are selling and buying, start looking for your new home now, and certainly from the moment that your current property goes on the market. (If you want help getting a good local estate agent round to ask their advice on selling your property, just contact us and we will put you in touch).

On the assumption that most people have to buy AND sell a property, 2017 remains a good time to be moving. And for those living in London, there is a generational opportunity to buy that home in the Country.

To keep up to date with the market follow ‘StacksNorthants’ on social media, or call Rachel for a no obligation chat.

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

 

The secret to househunting is that – whether you have £100,000 or £1million – your house will have to compromise with your original  ‘Househunting Wishlist’ in some way or other.  Some factors just don’t exist in the same space – think “short, easy commute AND no noise pollution”  for a London worker.  Homefinders such as Stacks help you navigate the process of compromise, without any emotional pressure that friends or family can bring to bear on what they think is the right combination of factors for you.

Stacks offer free, no obligation consultations with potential househunters to help you identify your property search priorities.  Call Rachel on 07502 406688 if you may wish to live in Bucks or Northants, or see our Head Office website to find the relevant office.

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

Check out our PInspiration Boards on Pinterest – continually updated with useful househunting tips and tricks, houses we’ve loved, information on the local area and inspiring home decor !

Stacks Property SearchAdvice for BuyersFollow On

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

SHOUT OUT FOR LOCAL PHOTOS

Are you a talented local photographer ? Want to let people see your work ?

Stacks Northants would love to use original local images – of the beautiful Northamptonshire countryside, of local architecture, and of living in the #SecretShire – and who better to provide those than you living right here !?

Feel free to use your imagination, filters and special effects to display the delights of Northants to all.

If you’d be happy to have your photos used in our social media and PR for our fabulous county, please get in touch with Rachel racheljohnston@stacks.co.uk

Images wanted for #SecretShire Northants

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

Uncertainty has been the enemy of those wanting to buy and sell property in 2016. The lead up to the Brexit Referendum was a quiet time in the UK property market as potential buyers and sellers sat on their hands waiting for the decision.

While the future of a Brexit UK is far from certain, every day brings a little more certainty. We know that the commercial property funds are suffering; we know that interest rates are more likely to go down than up; we know that the Stock Market is more robust than many anticipated, reflecting a devalued pound. We now know who the next PM will be.

We also know that, whilst estate agents are reporting some fall-throughs where buyers have been specifically affected by the Brexit decision – for instance some relocation decisions being reversed – largely, deals are progressing, demand has increased a little, and that overseas buyers are taking advantage of a weak pound to snap up.

In our view, if you can be certain in an uncertain world, you can take advantage of the situation. A collapse in property prices is not on the cards – Mark Carney has taken care of that. Equally there is no expectation of any great increase in prices. Before the Referendum it was agreed by many that price growth was slowing. At Stacks we held the belief that prices were overvalued from 3% – 12%. Our expectation is that, depending on the level of growth that different regions have experienced in recent years, we will see some dampening and falling of prices.

As a buyer, you can take advantage of this non-volatile market. Our advice to buyers is:

  • Explore finance options early, avoid high levels of debt and don’t over-borrow.
  •  If you can be a chain-free buyer you will be in a very strong position.
  • Don’t overpay, there will be good opportunities for negotiation.
  • Don’t be seduced by ‘fire sales’ – as always, don’t buy anything that you wouldn’t buy if it wasn’t cheap!
  • Buy sensibly for the long term. Short term property moves rarely make financial sense.

Finally, if you’ve been putting off a decision to move for months, now is the time to get active. Take advantage of a climate of opportunity, but, as always, be obsessive about your due diligence.

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

Property Market Picking Up

Whilst the predicted upsurge in available stock last Autumn failed to materialise, our message remains – ‘if you want to move, get into the market now, there are some fabulous opportunities for buyers’.

The property market is about people, and people have to move house – there are now over 5 million properties that might have been expected to change hands since 2007/08, which haven’t. Mainly because they haven’t come to the market. A great many houses are potentially for sale, but not on the market. However, many properties are being ‘marketing quietly’ e.g. agents are seeing what interest there may be in a property, without going to the expense of marketing and brochures, or even placing it on a property portal.

We don’t expect much movement in price over the next 12 months, whatever the media might say. Quite clearly the London market has plateaued, and supply should match demand in most sectors. Without doubt, there are good deals to be done. Our advice to buyers – get active now.

The clever, successful vendors are aggressively marketing their houses with good agents at the right price – a keen, competitive, fair and reasonable price. Our advice to new vendors would be – ‘be realistic’. You harm your own prospects by letting your property get stale, or by hopping on and off the market : Speak to your local estate agents. Trust their judgement as to the price your property will sell at.

Whilst the reforms to Stamp Duty were good news for the majority of property buyers, SDLT is now a significant, material factor for higher-end transactions. Vendors above £1.5m+ – if they are serious about selling – will need to help buyers absorb the higher Stamp Duty costs associated with buying. The 3% Stamp Duty surcharge on second homes and buy-to-let properties is likely to encourage some activity between now and April 2016, but buyers should avoid getting into a competitive situation to save 3%, as we expect prices on this type of property to dip after the tax introduction.

The divide between London and Commutable Country remains constant, and the rest of the Country follows. There has been an increase in Londoners cashing in on good London prices and moving to the country, but not as many as we might have expected, considering the gap between London and Country prices. As usual, the M3/M4/M40 corridors and the West Country are strong. Those looking to move from London to the Country are still being presented with a once-in-a-generation opportunity to swap a moderate London property for a spectacular rural home. If you are planning to make the London-to-Country move in the foreseeable future, depending on your circumstances and position, you want to get on with it.

If you are selling and buying, start looking for your new home now, and certainly from the moment that your current property goes on the market. (If you want help getting a good local estate agent round to ask their advice on selling your property, just contact us and we will put you in touch).

On the assumption that most people have to buy AND sell a property, it’s a good time to be moving. And for those living in London, a generational opportunity to buy that home in the Country.

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

Moving out of London – where to start?

The most frequent question I get asked is – “we want to move out of London – where should we go ?”

Assuming you still want to work in London at least part of the time, you are deluged with options (that’s why you are asking me!) and so, some navel-gazing is the first step :

3 factors can / may help to influence your radius

  • start with where in London you need to get back into – an ‘hour on the train’ can leave you adding an hour across London to get to work !
  • then, do you have any family anywhere else in the UK – if they are in Yorkshire, don’t go SouthEast of London (or maybe you want to !!!)
  • then, how long do you want your total commute to be ? Some people prefer longer on the train (getting more done), some prefer to drive a bit further for easier parking or shorter on-train time, some want to avoid the Tube particularly

Decide which are the key factors for you, and you’ll have a direction at least !  If that direction is North or North East of London, then call for a chat on how Stacks can help !

For more information on how Rachel can help you with your property search, please call 44 (0)7502 406688

Call Rachel Johnston to discuss what you are looking for.
Tel: 07502 406688

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"The best decision we could have made!"
2018-11-21T12:55:52+00:00
"The best decision we could have made!"
"I would recommend using Stacks as they are well connected to the property market and provide a realistic assessment of activity and pricing."
2018-11-21T12:45:49+00:00
"I would recommend using Stacks as they are well connected to the property market and provide a realistic assessment of activity and pricing."
"Practically, I needed someone to do the legwork and the eye-balling"
2018-11-21T12:49:38+00:00
"Practically, I needed someone to do the legwork and the eye-balling"
"We cannot imagine how long it would have taken us to find our perfect home without Stacks – and we suspect that we would have compromised a long time ago!"
2018-11-21T13:09:36+00:00
"We cannot imagine how long it would have taken us to find our perfect home without Stacks – and we suspect that we would have compromised a long time ago!"
"Many thanks for your hard work and patience in assisting in buying our property. You made the whole process infinitely less stressful than it might have been"
2020-01-13T11:50:30+00:00
"Many thanks for your hard work and patience in assisting in buying our property. You made the whole process infinitely less stressful than it might have been"
"got our offer accepted even when it was not the highest"
2018-11-21T12:38:34+00:00
"got our offer accepted even when it was not the highest"
"It made a potentially very stressful process very straightforward"
2018-11-21T12:48:37+00:00
"It made a potentially very stressful process very straightforward"
"Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations"
2020-01-13T11:52:24+00:00
"Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations"
"You made a huge difference to our search as I am sure you do for all your clients."
2019-05-02T11:00:08+00:00
"You made a huge difference to our search as I am sure you do for all your clients."
"great value to us during a difficult, competitive purchase"
2018-11-21T12:39:48+00:00
"great value to us during a difficult, competitive purchase"
"Thank you very much for the professionalism, patience and understanding"
2018-11-21T12:55:04+00:00
"Thank you very much for the professionalism, patience and understanding"
"In essence, you are buying your best ally "
2018-11-21T12:47:38+00:00
"In essence, you are buying your best ally "
"extremely helpful, knowledgeable and tireless in their efforts to assist us"
2018-11-21T12:33:22+00:00
"extremely helpful, knowledgeable and tireless in their efforts to assist us"
"You saved me many miles of driving and were very professional"
2018-11-21T13:19:40+00:00
"You saved me many miles of driving and were very professional"
"Stacks takes great pride in their service, is an expert in their field and above all, demonstrated integrity in all our interaction with them"
2018-11-21T12:54:09+00:00
"Stacks takes great pride in their service, is an expert in their field and above all, demonstrated integrity in all our interaction with them"
“Thank you very much.  We are very excited on the purchase of the flat as well.  Sara has been instrumental in every aspect, we are blessed to have her on our side.
2019-12-06T09:48:50+00:00
“Thank you very much.  We are very excited on the purchase of the flat as well.  Sara has been instrumental in every aspect, we are blessed to have her on our side.”
"found precisely what I was looking for, and even on my request made an offer before I had even seen the property!!"
2018-11-21T12:35:46+00:00
"found precisely what I was looking for, and even on my request made an offer before I had even seen the property!!"
"Because I had invested in the process of working with a Buying Agent, I had the confidence to go ahead"
2018-11-21T12:21:23+00:00
"Because I had invested in the process of working with a Buying Agent, I had the confidence to go ahead"
“We really enjoyed working with Sara and Stacks and would highly recommend having them on your side in the home buying process”
2019-06-19T13:54:55+00:00
“We really enjoyed working with Sara and Stacks and would highly recommend having them on your side in the home buying process”
"delivered a great service at a reasonable cost"
2018-11-21T12:30:52+00:00
"delivered a great service at a reasonable cost"
"a calming, guiding presence where nothing was too much trouble"
2018-11-21T12:13:26+00:00
"a calming, guiding presence where nothing was too much trouble"
"We were in a tricky housing situation, looking to buy a very specific type of house and needing to find it in a very specific time frame"
2018-11-21T13:12:00+00:00
"We were in a tricky housing situation, looking to buy a very specific type of house and needing to find it in a very specific time frame"
"helped our parents downsize from the family home, in what was a traumatic move for them"
2018-11-21T12:41:04+00:00
"helped our parents downsize from the family home, in what was a traumatic move for them"
"How extraordinary to have found what we were looking for"
2018-11-21T12:42:07+00:00
"How extraordinary to have found what we were looking for"
"a fantastic job in impossible circumstances"
2018-11-21T12:17:11+00:00
"a fantastic job in impossible circumstances"
“We want to thank you so much for the very professional and sensitive support you have given us in navigating through the various properties we have considered for investment of our small inheritance.”
2018-11-05T22:55:02+00:00
“We want to thank you so much for the very professional and sensitive support you have given us in navigating through the various properties we have considered for investment of our small inheritance.”
"You gave a much-valued ‘younger’ perspective on our situation, which was a real asset"
2020-01-13T11:52:01+00:00
"You gave a much-valued ‘younger’ perspective on our situation, which was a real asset"
"We found the service extremely helpful and professional at all times"
2020-01-13T11:51:31+00:00
"We found the service extremely helpful and professional at all times"
"was fantastic at explaining and helping us with everything that was happening"
2018-11-21T13:07:43+00:00
"was fantastic at explaining and helping us with everything that was happening"
"They didn’t try to persuade us to buy anything unsuitable."
2018-11-21T12:57:31+00:00
"They didn’t try to persuade us to buy anything unsuitable."
"I gained a house, setting and location which are right for me"
2018-11-21T12:43:48+00:00
"I gained a house, setting and location which are right for me"
"You have exceeded our expectations for a buy-side property service and have made the process a smooth one for us."
2018-11-21T13:18:01+00:00
"You have exceeded our expectations for a buy-side property service and have made the process a smooth one for us."
"We would have absolutely no hesitation in recommending them to anyone thinking of using such a service"
2018-11-21T13:13:46+00:00
"We would have absolutely no hesitation in recommending them to anyone thinking of using such a service"
"We now own a most suitable house in the position of our dreams thanks to Stacks"
2018-11-21T13:11:13+00:00
"We now own a most suitable house in the position of our dreams thanks to Stacks"
"You have an empathetic approach which, added to your knowledge and wise guidance, has made the whole thing a lot less stressful"
2018-11-21T13:17:15+00:00
"You have an empathetic approach which, added to your knowledge and wise guidance, has made the whole thing a lot less stressful"
"utterly tenacious..."
2018-11-21T13:06:52+00:00
"utterly tenacious..."
"We were moving country – had booked the packers – and had nowhere to move into!"
2018-11-21T13:12:46+00:00
"We were moving country – had booked the packers – and had nowhere to move into!"
"I completely underestimated how much of a difference you would make"
2018-11-21T12:43:03+00:00
"I completely underestimated how much of a difference you would make"
"The house is ideal ... and it is nothing like our first (unsuitable) ideas!"
2018-11-21T12:56:37+00:00
"The house is ideal ... and it is nothing like our first (unsuitable) ideas!"
"...negotiate on anything"

Financial Times

2018-11-06T14:00:36+00:00

Financial Times

"...negotiate on anything"
"Being able to 'stand behind' Stacks, whilst they brought their negotiating skills to the fore, took us to another level"
2018-11-21T12:22:38+00:00
"Being able to 'stand behind' Stacks, whilst they brought their negotiating skills to the fore, took us to another level"
"Your advice on how to effectively instruct and motivate our professional team allowed us to complete in one month."
2018-11-21T13:22:31+00:00
"Your advice on how to effectively instruct and motivate our professional team allowed us to complete in one month."
"They've been a close and very helpful part of our discussions with everybody. When you’re new to a town and an area, that’s priceless."
2018-11-21T12:58:19+00:00
"They've been a close and very helpful part of our discussions with everybody. When you’re new to a town and an area, that’s priceless."
"found us a home in a sought-after area with a high demand for properties and very little on offer"
2018-11-21T12:37:14+00:00
"found us a home in a sought-after area with a high demand for properties and very little on offer"
"Should I move again, I shall definitely use you again"
2018-11-21T12:51:23+00:00
"Should I move again, I shall definitely use you again"
"I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future.

It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting.

Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before"
2020-01-13T11:51:03+00:00
"I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future. It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting. Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before"
"We are delighted with our choice and so are the children."
2018-11-21T13:08:49+00:00
"We are delighted with our choice and so are the children."
"I needed the continuous advice and support on the many issues that can and do arise, and, above all, someone acting in one’s own interest."
2018-11-21T12:44:59+00:00
"I needed the continuous advice and support on the many issues that can and do arise, and, above all, someone acting in one’s own interest."
"I was impressed by the efficient, kind and courteous service provided by Stacks"
2020-01-13T11:52:49+00:00
"I was impressed by the efficient, kind and courteous service provided by Stacks"
"...took just days to come up with the property that fitted all our criteria"

Sunday Telegraph

2018-11-06T13:59:47+00:00

Sunday Telegraph

"...took just days to come up with the property that fitted all our criteria"
"Despite other interested parties, Stacks were able to help us secure our preferred property."
2018-11-21T12:32:12+00:00
"Despite other interested parties, Stacks were able to help us secure our preferred property."
"I’ve seldom had such consistent, wise support in a major life decision, and I can’t emphasize enough how helpful it is."
2018-11-21T12:46:40+00:00
"I’ve seldom had such consistent, wise support in a major life decision, and I can’t emphasize enough how helpful it is."
"Stacks had the critical combination of expertise and tenacity to broker a solution for us"
2018-11-21T12:52:31+00:00
"Stacks had the critical combination of expertise and tenacity to broker a solution for us"
"always courteous and pleasant, and most importantly, in our opinion, trustworthy."
2018-11-21T12:19:57+00:00
"always courteous and pleasant, and most importantly, in our opinion, trustworthy."
"You were able, by taking on much of the responsibility and the effort, to enable us to relax and enjoy the process"
2018-11-21T13:21:20+00:00
"You were able, by taking on much of the responsibility and the effort, to enable us to relax and enjoy the process"
"You we able to give us confidence that we were doing the right thing"
2018-11-21T13:20:39+00:00
"You we able to give us confidence that we were doing the right thing"
"carried out with discretion"
2018-11-21T12:28:29+00:00
"carried out with discretion"
"Would not hesitate to use you again."
2018-11-21T13:16:29+00:00
"Would not hesitate to use you again."
"Stacks has been an invaluable source of experience and wisdom on the successful landing of just the right house"
2018-11-21T12:53:20+00:00
"Stacks has been an invaluable source of experience and wisdom on the successful landing of just the right house"
"We love the house and cannot wait to move in and get settled."
2018-11-21T13:10:27+00:00
"We love the house and cannot wait to move in and get settled."
"Without somebody on the ground asking the right questions on our behalf, finding a home would have been truly impossible."
2018-11-21T13:15:37+00:00
"Without somebody on the ground asking the right questions on our behalf, finding a home would have been truly impossible."
"Well done in taking us to a house we didn’t know we wanted … and then fell in love with!"
2018-11-21T13:14:45+00:00
"Well done in taking us to a house we didn’t know we wanted … and then fell in love with!"
"Relentlessly provided us with the context and facts we needed to make an informed decision "
2018-11-21T12:50:28+00:00
"Relentlessly provided us with the context and facts we needed to make an informed decision "
"Through the whole process they went above and beyond, and it was worth every penny!"
2018-11-21T12:59:15+00:00
"Through the whole process they went above and beyond, and it was worth every penny!"
"You have found us a superb home which we feel fortunate to call our own."
2018-11-21T13:18:39+00:00
"You have found us a superb home which we feel fortunate to call our own."

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