The UK housing market has surprised us with the strongest spring sellers’ market in decades, says Business Development Manager and Valuer Chris Pick.
The government’s extension of the stamp duty land tax holiday, combined with low interest rates and the easing of strict lending criteria allowing mortgage lenders to bring back 5% deposit mortgages has definitely boosted the market.
Here at Alasdair Morrison & Partners we’ve had a record number of qualified buyers enquiring about our available properties and sales are quickly being agreed, despite completion still taking around 20 weeks. In fact, demand has increased to such an extent that the 3-bed and 4-bed detached housing stock we have available in Southwell is now severely depleted and more properties are needed to meet the buyer demand.
For anyone considering a property sale in the near future, this renewed optimism in the housing market means sellers should feel confident enough to place their properties on the market just in time for Easter.
But I do have one word of caution though, says Chris. The last thing you want in a buoyant housing market is for your property to languish unpurchased because of an overly optimistic sale price. So, if you are serious about selling your property then don’t be swayed by vanity valuations of your property. Instead listen to local property experts and heed their expert advice as they will have been in contact with their buyers and will know what they are prepared to pay.
If you’d like to arrange your socially-distanced, no-obligation market appraisal, then please contact us today on 01636 813971 or 01636 700888.
